Guidance Software, Inc. (GUID) Upgraded to Strong-Buy at Zacks Investment Research
Guidance Software, Inc. (NASDAQ:GUID) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a research report issued on Thursday. The firm currently has a $8.50 target price on the stock. Zacks Investment Research’s price target points to a potential upside of 15.33% from the company’s previous close.
According to Zacks, “GUIDANCE SOFTWARE INC., is recognized worldwide as the industry leader in digital investigative solutions. Its EnCase platform provides the foundation for government, corporate and law enforcement organizations to conduct thorough, network-enabled, and court-validated computer investigations of any kind, such as responding to eDiscovery requests, conducting internal investigations, responding to regulatory inquiries or performing data and compliance auditing – all while maintaining the integrity of the data. Validated by numerous courts, corporate legal departments, government agencies and law enforcement organizations worldwide, EnCase has been honored with industry awards and recognition from eWEEK, SC Magazine, Network Computing and the Socha-Gelbmann survey. “
A number of other equities analysts have also commented on GUID. B. Riley reaffirmed a “buy” rating and issued a $9.00 price objective on shares of Guidance Software in a research note on Tuesday. Benchmark Co. lifted their price objective on Guidance Software from $7.50 to $10.00 and gave the stock a “buy” rating in a research note on Tuesday. Imperial Capital raised Guidance Software from an “in-line” rating to an “outperform” rating and lifted their price objective for the stock from $5.75 to $7.00 in a research note on Friday, November 11th. Finally, Roth Capital assumed coverage on Guidance Software in a research note on Wednesday, November 16th. They issued a “buy” rating and a $10.00 price objective on the stock. One analyst has rated the stock with a sell rating, one has assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $17.42.
Guidance Software (NASDAQ:GUID) traded down 2.51% during trading on Thursday, reaching $7.37. The company’s stock had a trading volume of 79,799 shares. The company’s 50-day moving average is $7.18 and its 200-day moving average is $6.41. The stock’s market cap is $214.40 million. Guidance Software has a 12 month low of $4.12 and a 12 month high of $7.80.
Guidance Software (NASDAQ:GUID) last posted its quarterly earnings data on Monday, February 13th. The company reported $0.09 EPS for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.03. The company had revenue of $29.50 million for the quarter, compared to analyst estimates 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% on a year-over-year basis. Equities analysts expect that Guidance Software will post $0.32 EPS for the current fiscal year.
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In other Guidance Software news, CFO Barry J. Plaga sold 7,671 shares of Guidance Software stock in a transaction that occurred on Monday, February 6th. The stock was sold at an average price of $6.93, for a total value of $53,160.03. Following the completion of the sale, the chief financial officer now directly owns 403,326 shares in the company, valued at $2,795,049.18. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Barry J. Plaga sold 6,136 shares of Guidance Software stock in a transaction that occurred on Monday, February 13th. The stock was sold at an average price of $6.79, for a total value of $41,663.44. Following the completion of the sale, the chief financial officer now owns 655,454 shares of the company’s stock, valued at $4,450,532.66. The disclosure for this sale can be found here. Over the last quarter, insiders sold 20,499 shares of company stock valued at $140,773. 38.11% of the stock is currently owned by corporate insiders.
A number of large investors have recently modified their holdings of the company. Tensile Capital Management LLC increased its stake in shares of Guidance Software by 0.4% in the third quarter. Tensile Capital Management LLC now owns 1,234,248 shares of the company’s stock worth $7,356,000 after buying an additional 4,464 shares during the last quarter. Spark Investment Management LLC increased its stake in shares of Guidance Software by 153.7% in the third quarter. Spark Investment Management LLC now owns 34,500 shares of the company’s stock worth $205,000 after buying an additional 20,900 shares during the last quarter. 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 company’s stock worth $390,000 after buying an additional 5,204 shares during the last quarter. Archon Capital Management LLC acquired a new stake in shares of Guidance Software during the fourth quarter worth $468,000. Finally, SG Americas Securities LLC acquired a new stake in shares of Guidance Software during the third quarter worth $278,000. Institutional investors and hedge funds 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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