Guidance Software’s (GUID) “Neutral” Rating Reaffirmed at B. Riley
Guidance Software, Inc. (NASDAQ:GUID)‘s stock had its “neutral” rating reaffirmed by research analysts at B. Riley in a report released on Friday. They presently have a $7.10 price target on the software maker’s stock. B. Riley’s target price points to a potential upside of 0.42% from the company’s current price.
A number of other research analysts also recently commented on the stock. Gabelli reissued a “hold” rating on shares of Guidance Software in a research report on Thursday, July 27th. Northland Securities set a $8.00 target price on shares of Guidance Software and gave the company a “buy” rating in a research report on Saturday, July 22nd. Piper Jaffray Companies downgraded shares of Guidance Software from an “overweight” rating to a “neutral” rating and cut their target price for the company from $8.50 to $7.00 in a research report on Wednesday, July 26th. Finally, Zacks Investment Research downgraded shares of Guidance Software from a “buy” rating to a “hold” rating in a research report on Tuesday, July 4th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $14.61.
Guidance Software (NASDAQ GUID) opened at 7.07 on Friday. The stock’s market cap is $216.10 million. Guidance Software has a 12 month low of $4.52 and a 12 month high of $7.80. The company has a 50-day moving average of $7.08 and a 200-day moving average of $6.58.
Guidance Software (NASDAQ:GUID) last announced its earnings results on Tuesday, August 1st. The software maker reported ($0.01) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.03) by $0.02. Guidance Software had a negative net margin of 6.56% and a negative return on equity of 1,053.09%. The business had revenue of $24.66 million for the quarter, compared to the consensus estimate of $27.63 million. On average, equities analysts forecast that Guidance Software will post $0.31 EPS for the current fiscal year.
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In related news, major shareholder Shawn Mccreight sold 226,981 shares of Guidance Software stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $7.06, for a total value of $1,602,485.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold a total of 1,286,050 shares of company stock valued at $9,018,084 over the last quarter. 38.11% of the stock is owned by company insiders.
Hedge funds have recently added to or reduced their stakes in the stock. Susquehanna International Group LLP acquired a new stake in Guidance Software in the 2nd quarter worth approximately $103,000. Balter Liquid Alternatives LLC acquired a new stake in Guidance Software in the 2nd quarter worth approximately $123,000. The Manufacturers Life Insurance Company boosted its stake in Guidance Software by 6.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 19,983 shares of the software maker’s stock worth $132,000 after purchasing an additional 1,298 shares in the last quarter. First Quadrant L P CA acquired a new stake in Guidance Software in the 2nd quarter worth approximately $134,000. Finally, Citadel Advisors LLC boosted its stake in Guidance Software by 38.6% in the 1st quarter. Citadel Advisors LLC now owns 22,707 shares of the software maker’s stock worth $134,000 after purchasing an additional 6,319 shares in the last quarter. Institutional investors own 51.78% 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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