Trade Report: Today: Guidance Software Inc. (GUID) Given Average Recommendation of “Buy” by Brokerages

Today: Guidance Software Inc. (GUID) Given Average Recommendation of “Buy” by Brokerages

Guidance Software Inc. (NASDAQ:GUID) has earned an average rating of “Buy” from the seven ratings firms that are presently covering the company. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation and five have given a buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $16.33.

A number of research analysts recently weighed in on the stock. Roth Capital assumed coverage on shares of Guidance Software in a research report on Wednesday, November 16th. They issued a “buy” rating and a $10.00 target price for the company. Imperial Capital raised shares of Guidance Software from an “in-line” rating to an “outperform” rating and raised their target price for the company from $5.75 to $7.00 in a research report on Friday, November 11th. Zacks Investment Research raised shares of Guidance Software from a “hold” rating to a “buy” rating and set a $6.00 target price for the company in a research report on Wednesday, November 9th. B. Riley reaffirmed a “buy” rating and issued a $8.00 target price on shares of Guidance Software in a research report on Wednesday, November 9th. Finally, Bank of America Corp. downgraded shares of Guidance Software from a “neutral” rating to an “underperform” rating and set a $60.00 target price for the company. in a research report on Friday, September 16th. They noted that the move was a valuation call.

Hedge funds have recently bought and sold shares of the company. Emancipation Management LLC bought a new stake in Guidance Software during the second quarter worth about $1,787,000. Rhumbline Advisers boosted its stake in Guidance Software by 7.3% in the second quarter. Rhumbline Advisers now owns 20,500 shares of the company’s stock worth $127,000 after buying an additional 1,400 shares in the last quarter. Teachers Advisors Inc. boosted its stake in Guidance Software by 19.1% in the second quarter. Teachers Advisors Inc. now owns 32,871 shares of the company’s stock worth $203,000 after buying an additional 5,266 shares in the last quarter. Alliancebernstein L.P. boosted its stake in Guidance Software by 1.8% in the second quarter. Alliancebernstein L.P. now owns 23,200 shares of the company’s stock worth $144,000 after buying an additional 400 shares in the last quarter. Finally, BlackRock Institutional Trust Company N.A. boosted its stake in Guidance Software by 11.1% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 169,160 shares of the company’s stock worth $1,047,000 after buying an additional 16,879 shares in the last quarter. Institutional investors own 49.02% of the company’s stock.

Shares of Guidance Software (NASDAQ:GUID) traded up 2.42% on Monday, hitting $7.62. 20,540 shares of the stock were exchanged. The firm’s market capitalization is $220.47 million. The company has a 50-day moving average price of $5.80 and a 200-day moving average price of $5.86. Guidance Software has a one year low of $3.27 and a one year high of $7.62.

Guidance Software (NASDAQ:GUID) last released its earnings results on Thursday, November 3rd. The company reported $0.01 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.06. The business earned $27.71 million during the quarter, compared to the consensus estimate of $27.70 million. Guidance Software had a negative net margin of 20.89% and a negative return on equity of 357.86%. The firm’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.03) earnings per share. Equities research analysts expect that Guidance Software will post ($0.11) earnings per share for the current year.

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