Guidance Software Inc. (NASDAQ:GUID) shares were down 2% during mid-day trading on Wednesday . The stock traded as low as $5.89 and last traded at $5.94, with a volume of 56,065 shares. The stock had previously closed at $6.06.

Several research analysts recently issued reports on GUID shares. B. Riley reissued a “buy” rating and set a $8.00 target price on shares of Guidance Software in a report on Thursday, May 12th. Benchmark Co. raised their target price on shares of Guidance Software from $6.00 to $7.00 and gave the stock a “buy” rating in a report on Friday, May 6th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $6.63.

The stock’s market capitalization is $173.72 million. The firm’s 50-day moving average price is $5.91 and its 200-day moving average price is $5.15.

Guidance Software (NASDAQ:GUID) last posted its quarterly earnings data on Thursday, May 5th. The company reported ($0.08) earnings per share for the quarter, hitting the consensus estimate of ($0.08). The company earned $25.80 million during the quarter, compared to analyst estimates of $25.55 million. During the same period in the previous year, the company earned ($0.06) EPS. The business’s revenue for the quarter was up 3.2% compared to the same quarter last year. Equities analysts expect that Guidance Software Inc. will post ($0.33) EPS for the current fiscal year.

In related news, CEO Patrick Dennis sold 12,412 shares of the company’s stock in a transaction dated Monday, May 2nd. The shares were sold at an average price of $4.92, for a total value of $61,067.04. Following the completion of the sale, the chief executive officer now owns 402,053 shares of the company’s stock, valued at $1,978,100.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

A hedge fund recently bought a new stake in Guidance Software stock. Penserra Capital Management LLC purchased a new position in shares of Guidance Software Inc. (NASDAQ:GUID) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 1,284,516 shares of the company’s stock, valued at approximately $7,733,000. Guidance Software accounts for approximately 0.7% of Penserra Capital Management LLC’s portfolio, making the stock its 29th largest position. Penserra Capital Management LLC owned approximately 4.56% of Guidance Software as of its most recent SEC filing.

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.