Guidance Software Inc. (NASDAQ:GUID) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Wednesday. The brokerage currently has a $6.00 price target on the stock. Zacks Investment Research’s price target would indicate a potential upside of 10.09% from the stock’s current price.

According to Zacks, “GUIDANCE SOFTWARE INC., is recognized worldwide as the industry leader in digital investigative solutions. Its EnCase platform provides the foundation for government, corporate and law enforcement organizations to conduct thorough, network-enabled, and court-validated computer investigations of any kind, such as responding to eDiscovery requests, conducting internal investigations, responding to regulatory inquiries or performing data and compliance auditing – all while maintaining the integrity of the data. Validated by numerous courts, corporate legal departments, government agencies and law enforcement organizations worldwide, EnCase has been honored with industry awards and recognition from eWEEK, SC Magazine, Network Computing and the Socha-Gelbmann survey. “

GUID has been the subject of a number of other reports. B. Riley reaffirmed a “buy” rating and issued a $8.00 price objective on shares of Guidance Software in a research note on Tuesday, August 9th. Imperial Capital reaffirmed an “in-line” rating and issued a $5.50 price objective on shares of Guidance Software in a research note on Sunday, July 24th. Finally, Bank of America Corp. lowered shares of Guidance Software from a “neutral” rating to an “underperform” rating and set a $60.00 price objective for the company. in a research note on Friday, September 16th. They noted that the move was a valuation call. One 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 has a consensus rating of “Hold” and an average target price of $17.35.

Analyst Recommendations for Guidance Software (NASDAQ:GUID)

Shares of Guidance Software (NASDAQ:GUID) opened at 5.45 on Wednesday. The stock has a 50 day moving average of $5.58 and a 200-day moving average of $5.73. The company’s market capitalization is $158.16 million. Guidance Software has a 52 week low of $3.27 and a 52 week high of $6.52.

Guidance Software (NASDAQ:GUID) last issued its earnings results on Thursday, November 3rd. The company reported $0.01 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.05) by $0.06. The firm earned $27.71 million during the quarter, compared to analyst estimates of $27.70 million. Guidance Software had a negative net margin of 20.89% and a negative return on equity of 249.64%. The business’s revenue was up 3.3% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.03) earnings per share. On average, analysts anticipate that Guidance Software will post ($0.20) EPS for the current year.

Hedge funds have recently added to or reduced their stakes in the stock. Rhumbline Advisers raised its stake in Guidance Software by 2.4% in the third quarter. Rhumbline Advisers now owns 21,000 shares of the company’s stock valued at $125,000 after buying an additional 500 shares during the last quarter. Summit Securities Group LLC purchased a new stake in Guidance Software during the second quarter valued at approximately $129,000. Alliancebernstein L.P. raised 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 valued at $144,000 after buying an additional 400 shares during the last quarter. Teachers Advisors Inc. raised 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 valued at $203,000 after buying an additional 5,266 shares during the last quarter. Finally, Spark Investment Management LLC raised its stake in Guidance Software by 153.7% in the third quarter. Spark Investment Management LLC now owns 34,500 shares of the company’s stock valued at $205,000 after buying an additional 20,900 shares during the last quarter. 49.06% of the stock is owned by institutional investors and hedge funds.

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.

5 Day Chart for NASDAQ:GUID

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