Guidance Software Inc. (GUID) Rating Lowered to Underperform at Bank of America Corp.
Guidance Software Inc. (NASDAQ:GUID) was downgraded by analysts at Bank of America Corp. from a “neutral” rating to an “underperform” rating in a note issued to investors on Friday. They currently have a $60.00 price objective on the stock. The analysts noted that the move was a valuation call.
Several other research firms have also issued reports on GUID. Imperial Capital reiterated an “in-line” rating and set a $5.50 target price on shares of Guidance Software in a report on Sunday, July 24th. B. Riley restated a “buy” rating and issued a $8.00 price objective on shares of Guidance Software in a research note on Tuesday, August 9th. Finally, Zacks Investment Research upgraded Guidance Software from a “hold” rating to a “buy” rating and set a $6.50 price objective on the stock in a research note on Tuesday, August 9th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. Guidance Software presently has a consensus rating of “Hold” and an average target price of $17.45.
Shares of Guidance Software (NASDAQ:GUID) opened at 5.72 on Friday. Guidance Software has a 52 week low of $3.27 and a 52 week high of $7.30. The company has a 50-day moving average price of $5.92 and a 200 day moving average price of $5.48. The firm’s market cap is $165.38 million.
Guidance Software (NASDAQ:GUID) last released its earnings results on Tuesday, August 2nd. The company reported ($0.08) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.10) by $0.02. Guidance Software had a negative return on equity of 192.05% and a negative net margin of 21.87%. The business had revenue of $27.60 million for the quarter, compared to analyst estimates of $27.87 million. During the same quarter in the prior year, the company posted ($0.05) earnings per share. Guidance Software’s revenue was up .4% on a year-over-year basis. Analysts expect that Guidance Software will post ($0.24) EPS for the current fiscal year.
Several institutional investors have recently made changes to their positions in GUID. Algert Global LLC purchased a new position in shares of Guidance Software during the first quarter worth $140,000. State Street Corp raised its position in shares of Guidance Software by 9.6% in the first quarter. State Street Corp now owns 299,501 shares of the company’s stock worth $1,287,000 after buying an additional 26,332 shares during the period. Goldman Sachs Group Inc. purchased a new position in shares of Guidance Software during the first quarter worth $276,000. Geode Capital Management LLC raised its position in shares of Guidance Software by 10.6% in the first quarter. Geode Capital Management LLC now owns 146,542 shares of the company’s stock worth $629,000 after buying an additional 14,028 shares during the period. Finally, Renaissance Technologies LLC raised its position in shares of Guidance Software by 11.7% in the first quarter. Renaissance Technologies LLC now owns 305,900 shares of the company’s stock worth $1,315,000 after buying an additional 32,100 shares during the period. Institutional investors own 49.16% of the company’s stock.
Guidance Software Company Profile
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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