B. Riley Reiterates “Neutral” Rating for Guidance Software, Inc. (GUID)
Guidance Software, Inc. (NASDAQ:GUID)‘s stock had its “neutral” rating reissued by equities research analysts at B. Riley in a note issued to investors on Sunday. They currently have a $7.10 target price on the software maker’s stock. B. Riley’s target price indicates a potential upside of 0.28% from the company’s current price.
A number of other equities analysts also recently commented on GUID. Northland Securities started coverage on shares of Guidance Software in a research note on Monday, April 10th. They set an “outperform” rating and a $8.00 target price for the company. Zacks Investment Research downgraded shares of Guidance Software from a “buy” rating to a “hold” rating in a research note on Tuesday, April 18th. TheStreet upgraded shares of Guidance Software from a “d-” rating to a “c-” rating in a research note on Wednesday, May 3rd. Piper Jaffray Companies downgraded shares of Guidance Software from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $8.50 to $7.00 in a research note on Wednesday, July 26th. Finally, Gabelli restated a “hold” rating on shares of Guidance Software in a research note on Thursday, July 27th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $14.61.
Guidance Software (NASDAQ GUID) traded up 0.28% during mid-day trading on Friday, hitting $7.08. The stock had a trading volume of 1,036,203 shares. Guidance Software has a 52-week low of $4.52 and a 52-week high of $7.80. The firm has a 50-day moving average of $6.84 and a 200-day moving average of $6.59. The stock’s market cap is $215.37 million.
Guidance Software (NASDAQ:GUID) last issued its earnings results on Tuesday, August 1st. The software maker reported ($0.01) EPS for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.02. The firm had revenue of $24.66 million during the quarter, compared to the consensus estimate of $27.63 million. Guidance Software had a negative net margin of 6.56% and a negative return on equity of 1,293.38%. On average, analysts forecast that Guidance Software will post $0.31 EPS for the current fiscal year.
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In other Guidance Software news, major shareholder Shawn Mccreight sold 15,000 shares of the company’s stock in a transaction on Tuesday, May 9th. The shares were sold at an average price of $6.22, for a total value of $93,300.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders sold 930,680 shares of company stock valued at $6,304,722 in the last 90 days. 38.11% of the stock is currently owned by insiders.
A number of institutional investors have recently added to or reduced their stakes in the stock. Bourgeon Capital Management LLC increased its stake in shares of Guidance Software by 81.3% in the fourth quarter. Bourgeon Capital Management LLC now owns 326,808 shares of the software maker’s stock valued at $1,967,000 after buying an additional 146,580 shares during the period. Boston Partners increased its stake in shares of Guidance Software by 14.0% in the second quarter. Boston Partners now owns 167,030 shares of the software maker’s stock valued at $1,034,000 after buying an additional 20,540 shares during the period. Emerald Acquisition Ltd. acquired a new stake in shares of Guidance Software during the second quarter valued at $636,000. California State Teachers Retirement System increased its stake in shares of Guidance Software by 16.6% in the second quarter. California State Teachers Retirement System now owns 47,410 shares of the software maker’s stock valued at $293,000 after buying an additional 6,736 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in shares of Guidance Software by 9.0% in the second quarter. Bank of New York Mellon Corp now owns 62,872 shares of the software maker’s stock valued at $390,000 after buying an additional 5,204 shares during the period. Institutional investors own 52.73% 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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