Guidance Software, Inc. (NASDAQ:GUID) has been assigned a $8.00 target price by investment analysts at Northland Securities in a report released on Saturday. The brokerage currently has a “buy” rating on the software maker’s stock. Northland Securities’ price target would indicate a potential upside of 17.13% from the stock’s previous close.
A number of other research firms also recently issued reports on GUID. Zacks Investment Research raised shares of Guidance Software from a “hold” rating to a “buy” rating and set a $6.75 price objective for the company in a report on Tuesday, May 9th. Piper Jaffray Companies assumed coverage on shares of Guidance Software in a report on Tuesday, April 4th. They issued an “overweight” rating and a $8.50 price objective for the company. TheStreet raised shares of Guidance Software from a “d-” rating to a “c-” rating in a report on Wednesday, May 3rd. Finally, B. Riley reissued a “buy” rating and issued a $9.00 price objective on shares of Guidance Software in a report on Monday, May 8th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $15.03.
Guidance Software (NASDAQ:GUID) traded down 2.29% during midday trading on Friday, hitting $6.83. 132,809 shares of the company traded hands. The stock’s 50-day moving average price is $6.76 and its 200 day moving average price is $6.61. Guidance Software has a 12-month low of $4.52 and a 12-month high of $7.80. The company’s market capitalization is $206.56 million.
Guidance Software (NASDAQ:GUID) last announced its earnings results on Tuesday, May 2nd. The software maker reported $0.07 EPS for the quarter, topping the consensus estimate of $0.05 by $0.02. The business had revenue of $26.79 million during the quarter, compared to the consensus estimate of $26.80 million. Guidance Software had a negative net margin of 14.07% and a negative return on equity of 1,293.38%. On average, equities analysts forecast that Guidance Software will post $0.31 EPS for the current year.
In related news, major shareholder Shawn Mccreight sold 70,000 shares of the company’s stock in a transaction that occurred on Monday, June 26th. The shares were sold at an average price of $6.68, for a total transaction of $467,600.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Patrick Dennis sold 17,705 shares of the company’s stock in a transaction that occurred on Thursday, May 4th. The stock was sold at an average price of $5.82, for a total transaction of $103,043.10. Following the transaction, the chief executive officer now owns 919,018 shares of the company’s stock, valued at $5,348,684.76. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 654,654 shares of company stock valued at $4,249,802. 38.11% of the stock is currently owned by insiders.
A number of institutional investors have recently added to or reduced their stakes in GUID. First Quadrant L P CA acquired a new position in shares of Guidance Software during the second quarter valued at about $134,000. Goldman Sachs Group Inc. boosted its position in shares of Guidance Software by 44.9% in the first quarter. Goldman Sachs Group Inc. now owns 85,692 shares of the software maker’s stock valued at $506,000 after buying an additional 26,541 shares during the period. Renaissance Technologies LLC boosted its position in shares of Guidance Software by 9.3% in the first quarter. Renaissance Technologies LLC now owns 421,706 shares of the software maker’s stock valued at $2,488,000 after buying an additional 36,006 shares during the period. Citadel Advisors LLC boosted its position in shares of Guidance Software by 38.6% in the first quarter. Citadel Advisors LLC now owns 22,707 shares of the software maker’s stock valued at $134,000 after buying an additional 6,319 shares during the period. Finally, Geode Capital Management LLC boosted its position in shares of Guidance Software by 4.0% in the first quarter. Geode Capital Management LLC now owns 150,854 shares of the software maker’s stock valued at $890,000 after buying an additional 5,864 shares during the period. Institutional investors and hedge funds own 52.77% 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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