Investment analysts at Northland Securities began coverage on shares of Guidance Software, Inc. (NASDAQ:GUID) in a report issued on Monday. The firm set an “outperform” rating and a $8.00 price target on the stock. Northland Securities’ price objective points to a potential upside of 31.80% from the stock’s current price.
A number of other analysts also recently issued reports on the company. Zacks Investment Research downgraded Guidance Software from a “buy” rating to a “hold” rating in a research report on Wednesday, January 4th. Imperial Capital restated an “outperform” rating and issued a $8.00 price target (up from $7.00) on shares of Guidance Software in a research report on Tuesday, February 28th. Benchmark Co. raised their price target on Guidance Software from $7.50 to $10.00 and gave the stock a “buy” rating in a research report on Tuesday, February 14th. B. Riley restated a “buy” rating and issued a $9.00 price target on shares of Guidance Software in a research report on Tuesday, February 14th. Finally, Piper Jaffray Companies initiated coverage on Guidance Software in a research report on Tuesday, April 4th. They issued an “overweight” rating and a $8.50 price target for the company. One research analyst has rated the stock with a sell rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $15.25.
Shares of Guidance Software (NASDAQ:GUID) traded up 0.16% on Monday, reaching $6.08. 4,836 shares of the company’s stock were exchanged. Guidance Software has a one year low of $4.18 and a one year high of $7.80. The company’s 50 day moving average is $6.71 and its 200-day moving average is $6.52. The stock’s market cap is $177.48 million.
Guidance Software (NASDAQ:GUID) last posted its earnings results on Monday, February 13th. The company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.03. The firm earned $29.50 million during the quarter, compared to the consensus estimate of $28.76 million. Guidance Software had a negative return on equity of 953.92% and a negative net margin of 18.77%. The firm’s quarterly revenue was up 6.9% compared to the same quarter last year. On average, analysts anticipate that Guidance Software will post $0.31 EPS for the current year.
In other news, CFO Barry J. Plaga sold 7,671 shares of the firm’s stock in a transaction on Monday, February 6th. The stock was sold at an average price of $6.93, for a total transaction of $53,160.03. Following the transaction, the chief financial officer now owns 403,326 shares in the company, valued at $2,795,049.18. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Der Colff Rasmus Van sold 3,649 shares of the firm’s stock in a transaction on Monday, February 6th. The shares were sold at an average price of $6.93, for a total value of $25,287.57. Following the transaction, the chief accounting officer now owns 144,336 shares in the company, valued at approximately $1,000,248.48. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,069,691 shares of company stock worth $7,433,111. Insiders own 38.11% of the company’s stock.
Institutional investors have recently made changes to their positions in the stock. Norges Bank purchased a new position in shares of Guidance Software during the fourth quarter valued at approximately $1,416,000. GSA Capital Partners LLP increased 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 company’s stock worth $210,000 after buying an additional 17,468 shares during the last quarter. Renaissance Technologies LLC increased its stake in shares of Guidance Software by 3.9% in the fourth quarter. Renaissance Technologies LLC now owns 385,700 shares of the company’s stock worth $2,731,000 after buying an additional 14,400 shares during the last quarter. Archon Capital Management LLC bought a new stake in shares of Guidance Software during the fourth quarter worth $468,000. Finally, Oxford Asset Management increased its stake in shares of Guidance Software by 132.6% in the fourth quarter. Oxford Asset Management now owns 36,480 shares of the company’s stock worth $258,000 after buying an additional 20,797 shares during the last quarter. Hedge funds and other institutional investors own 49.01% 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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