Gabelli Reaffirms Hold Rating for Guidance Software, Inc. (NASDAQ:GUID)
Gabelli restated their hold rating on shares of Guidance Software, Inc. (NASDAQ:GUID) in a research note published on Thursday, MarketBeat.com reports.
A number of other equities research analysts have also recently issued reports on the stock. B. Riley reissued a buy rating and issued a $9.00 target price on shares of Guidance Software in a research report on Wednesday, May 3rd. Northland Securities set a $8.00 target price on shares of Guidance Software and gave the company a buy rating in a research report on Saturday, July 22nd. Zacks Investment Research raised shares of Guidance Software from a hold rating to a buy rating and set a $6.75 target price for the company in a research report on Tuesday, May 9th. TheStreet raised shares of Guidance Software from a d- rating to a c- rating in a research report on Wednesday, May 3rd. Finally, Piper Jaffray Companies cut shares of Guidance Software from an overweight rating to a neutral rating and reduced their target price for the company from $8.50 to $7.00 in a research report on Wednesday, July 26th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus target price of $14.61.
Guidance Software (NASDAQ:GUID) remained flat at $7.08 during mid-day trading on Thursday. The company’s stock had a trading volume of 1,385,370 shares. Guidance Software has a 12 month low of $4.52 and a 12 month high of $7.80. The company’s 50 day moving average price is $6.82 and its 200-day moving average price is $6.60. The company’s market capitalization is $214.12 million.
Guidance Software (NASDAQ:GUID) last released its quarterly earnings data on Tuesday, May 2nd. The software maker reported $0.07 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.05 by $0.02. Guidance Software had a negative net margin of 14.07% and a negative return on equity of 1,293.38%. The firm had revenue of $26.79 million for the quarter, compared to the consensus estimate of $26.80 million. On average, analysts forecast that Guidance Software will post $0.31 EPS for the current fiscal year.
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In other Guidance Software news, major shareholder Shawn Mccreight sold 25,000 shares of the stock in a transaction that occurred on Tuesday, May 2nd. The stock was sold at an average price of $6.14, for a total transaction of $153,500.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Patrick Dennis sold 17,705 shares of the stock in a transaction that occurred on Thursday, May 4th. The stock was sold at an average price of $5.82, for a total value of $103,043.10. Following the transaction, the chief executive officer now owns 919,018 shares in the company, valued at $5,348,684.76. The disclosure for this sale can be found here. Insiders sold 594,654 shares of company stock valued at $3,880,852 in the last ninety days. 8.40% of the stock is currently owned by insiders.
Several institutional investors have recently bought and sold shares of the company. Citadel Advisors LLC boosted its position in Guidance Software by 38.6% in the first quarter. Citadel Advisors LLC now owns 22,707 shares of the software maker’s stock worth $134,000 after buying an additional 6,319 shares during the last quarter. First Quadrant L P CA acquired a new position in Guidance Software during the second quarter worth about $134,000. GSA Capital Partners LLP boosted its position in Guidance Software by 143.6% in the fourth quarter. GSA Capital Partners LLP now owns 29,632 shares of the software maker’s stock worth $210,000 after buying an additional 17,468 shares during the last quarter. TFS Capital LLC acquired a new position in Guidance Software during the first quarter worth about $225,000. Finally, Bank of New York Mellon Corp boosted its position in Guidance Software by 8.6% in the first quarter. Bank of New York Mellon Corp now owns 66,975 shares of the software maker’s stock worth $395,000 after buying an additional 5,280 shares during the last quarter. Hedge funds and other institutional investors own 52.73% 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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