Piper Jaffray Companies downgraded shares of Guidance Software, Inc. (NASDAQ:GUID) from an overweight rating to a neutral rating in a report released on Wednesday, Marketbeat.com reports. They currently have $7.00 price target on the software maker’s stock, down from their prior price target of $8.50.

Several other analysts have also recently issued reports on GUID. Northland Securities started coverage on Guidance Software in a research note on Monday, April 10th. They issued an outperform rating and a $8.00 target price on the stock. Zacks Investment Research cut Guidance Software from a buy rating to a hold rating in a research note on Tuesday, April 18th. B. Riley reissued a buy rating and issued a $9.00 target price on shares of Guidance Software in a research note on Wednesday, May 3rd. Finally, TheStreet raised Guidance Software from a d- rating to a c- rating in a research note on Wednesday, May 3rd. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. The company has a consensus rating of Hold and an average price target of $14.61.

Guidance Software (NASDAQ GUID) opened at 7.08 on Wednesday. The firm’s market capitalization is $214.12 million. Guidance Software has a 52 week low of $4.52 and a 52 week high of $7.80. The stock has a 50 day moving average price of $6.82 and a 200-day moving average price of $6.60.

Guidance Software (NASDAQ:GUID) last posted its earnings results on Tuesday, May 2nd. The software maker reported $0.07 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.02. The company had revenue of $26.79 million for the quarter, compared to analysts’ expectations of $26.80 million. Guidance Software had a negative return on equity of 1,293.38% and a negative net margin of 14.07%. Analysts anticipate 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 9,383 shares of the firm’s stock in a transaction dated Thursday, July 13th. The shares were sold at an average price of $7.02, for a total value of $65,868.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Patrick Dennis sold 17,705 shares of the firm’s stock in a transaction dated Thursday, May 4th. The stock was sold at an average price of $5.82, for a total transaction of $103,043.10. Following the completion of the sale, the chief executive officer now owns 919,018 shares of the company’s stock, 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 over the last 90 days. 38.11% of the stock is currently owned by company insiders.

A number of hedge funds have recently modified their holdings of the company. Norges Bank bought a new stake in shares of Guidance Software during the fourth quarter valued at approximately $1,416,000. Vanguard Group Inc. raised its stake in shares of Guidance Software by 12.2% in the first quarter. Vanguard Group Inc. now owns 1,144,250 shares of the software maker’s stock valued at $6,751,000 after buying an additional 124,121 shares during the period. Primecap Management Co. CA raised its stake in shares of Guidance Software by 2.5% in the first quarter. Primecap Management Co. CA now owns 4,779,594 shares of the software maker’s stock valued at $28,200,000 after buying an additional 117,979 shares during the period. Russell Investments Group Ltd. bought a new stake in shares of Guidance Software during the fourth quarter valued at approximately $819,000. Finally, Algert Global LLC bought a new stake in shares of Guidance Software during the first quarter valued at approximately $512,000. Institutional investors and hedge funds own 52.77% 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.

Analyst Recommendations for Guidance Software (NASDAQ:GUID)

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