Northland Securities set a $8.00 price objective on Guidance Software, Inc. (NASDAQ:GUID) in a research report sent to investors on Saturday, July 22nd. The firm currently has a buy rating on the software maker’s stock.
GUID has been the topic of several other reports. Piper Jaffray Companies assumed coverage on shares of Guidance Software in a research note on Tuesday, April 4th. They set an overweight rating and a $8.50 price target on the stock. TheStreet raised shares of Guidance Software from a d- rating to a c- rating in a research note on Wednesday, May 3rd. B. Riley reaffirmed a buy rating and issued a $9.00 target price on shares of Guidance Software in a research note on Wednesday, May 3rd. Finally, Zacks Investment Research raised shares of Guidance Software from a hold rating to a buy rating and set a $6.75 target price on the stock in a research note on Tuesday, May 9th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of Hold and a consensus price target of $14.61.
Guidance Software (NASDAQ:GUID) opened at 7.08 on Friday. The firm’s market cap is $216.41 million. The company has a 50-day moving average of $6.96 and a 200 day moving average of $6.59. Guidance Software has a 52-week low of $4.52 and a 52-week high of $7.80.
Guidance Software (NASDAQ:GUID) last announced its earnings results on Tuesday, August 1st. The software maker reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.02. The business had revenue of $24.66 million during the quarter, compared to analyst estimates of $27.63 million. Guidance Software had a negative net margin of 6.56% and a negative return on equity of 1,053.09%. On average, equities research analysts anticipate that Guidance Software will post $0.31 EPS for the current year.
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In other Guidance Software news, major shareholder Shawn Mccreight sold 25,000 shares of the business’s stock in a transaction on Wednesday, May 24th. The shares were sold at an average price of $6.40, for a total transaction of $160,000.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Over the last three months, insiders have sold 1,516,931 shares of company stock worth $10,512,634. Insiders own 38.11% of the company’s stock.
Hedge funds have recently made changes to their positions in the stock. Russell Investments Group Ltd. acquired a new stake in shares of Guidance Software during the fourth quarter worth approximately $819,000. State Street Corp boosted its stake in shares of Guidance Software by 2.0% in the fourth quarter. State Street Corp now owns 304,945 shares of the software maker’s stock worth $2,159,000 after buying an additional 5,982 shares during the period. Renaissance Technologies LLC boosted its stake in shares of Guidance Software by 3.9% in the fourth quarter. Renaissance Technologies LLC now owns 385,700 shares of the software maker’s stock worth $2,731,000 after buying an additional 14,400 shares during the period. GSA Capital Partners LLP boosted its stake in shares of Guidance Software by 143.6% in the fourth quarter. GSA Capital Partners LLP now owns 29,632 shares of the software maker’s stock worth $210,000 after buying an additional 17,468 shares during the period. Finally, Norges Bank acquired a new stake in shares of Guidance Software during the fourth quarter worth approximately $1,416,000. Hedge funds and other institutional investors own 52.97% of the company’s stock.
About Guidance Software
Guidance Software, Inc is a technology company. The Company is a provider of endpoint investigation solutions for cybersecurity analytics, security incident response, e-discovery, data privacy and forensic analysis. The Company has five segments, which include Products, Subscription, Professional services, Training and Maintenance.
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