Guidance Software Inc. (NASDAQ:GUID) gapped up prior to trading on Friday . The stock had previously closed at $5.65, but opened at $5.66. Guidance Software shares last traded at $5.79, with a volume of 75,154 shares trading hands.

A number of equities research analysts recently issued reports on the company. B. Riley reaffirmed a “buy” rating and issued a $8.00 target price on shares of Guidance Software in a research note on Wednesday, August 3rd. Bank of America Corp. lowered Guidance Software from a “neutral” rating to an “underperform” rating and set a $60.00 target price on the stock. in a research note on Friday. They noted that the move was a valuation call. Zacks Investment Research raised Guidance Software from a “hold” rating to a “buy” rating and set a $6.50 target price on the stock in a research note on Tuesday, August 9th. Finally, Imperial Capital reaffirmed an “in-line” rating and issued a $5.50 target price on shares of Guidance Software in a research note on Sunday, July 24th. 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’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $17.45.

The firm has a 50-day moving average price of $5.94 and a 200 day moving average price of $5.48. The firm’s market cap is $166.53 million.

Guidance Software (NASDAQ:GUID) last announced its quarterly earnings results on Tuesday, August 2nd. The company reported ($0.08) EPS for the quarter, beating the consensus estimate of ($0.10) by $0.02. Guidance Software had a negative net margin of 21.87% and a negative return on equity of 192.05%. The company had revenue of $27.60 million for the quarter, compared to analyst estimates of $27.87 million. During the same quarter last year, the business earned ($0.05) earnings per share. Guidance Software’s revenue was up .4% compared to the same quarter last year. On average, equities research analysts expect that Guidance Software Inc. will post ($0.24) earnings per share for the current year.

Several large investors have recently made changes to their positions in the stock. Emancipation Management LLC purchased a new stake in shares of Guidance Software during the second quarter valued at approximately $1,787,000. Emerald Acquisition Ltd. purchased a new stake in shares of Guidance Software during the second quarter valued at approximately $636,000. BlackRock Fund Advisors raised its stake in shares of Guidance Software by 21.0% in the second quarter. BlackRock Fund Advisors now owns 587,371 shares of the company’s stock valued at $3,636,000 after buying an additional 102,136 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Guidance Software by 9.4% in the second quarter. Vanguard Group Inc. now owns 914,006 shares of the company’s stock valued at $5,658,000 after buying an additional 78,244 shares during the last quarter. Finally, Sterling Capital Management LLC purchased a new stake in shares of Guidance Software during the second quarter valued at approximately $439,000. Institutional investors own 49.16% 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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