Roth Capital initiated coverage on shares of Guidance Software Inc. (NASDAQ:GUID) in a research note issued to investors on Wednesday morning. The firm issued a buy rating and a $10.00 price objective on the stock.

Several other equities research analysts have also recently commented on the stock. Zacks Investment Research cut shares of Guidance Software from a buy rating to a hold rating in a research report on Wednesday, October 5th. B. Riley reissued a buy rating and set 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 target 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 target on the stock. in a research note on Friday, September 16th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus price target of $16.33.

Shares of Guidance Software (NASDAQ:GUID) traded up 0.76% during midday trading on Wednesday, hitting $6.62. 21,758 shares of the stock were exchanged. Guidance Software has a 12-month low of $3.27 and a 12-month high of $6.70. The firm’s market cap is $212.83 billion. The stock’s 50 day moving average is $5.62 and its 200 day moving average is $5.77.

Guidance Software (NASDAQ:GUID) last released its quarterly earnings data on Thursday, November 3rd. The company reported $0.01 EPS for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.06. The company 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 period last year, the firm earned ($0.03) EPS. On average, equities research analysts forecast that Guidance Software will post ($0.20) earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. The Manufacturers Life Insurance Company purchased a new position in Guidance Software during the third quarter valued at about $102,000. Rhumbline Advisers increased its position in Guidance Software by 7.3% in the second quarter. Rhumbline Advisers now owns 20,500 shares of the company’s stock valued at $127,000 after buying an additional 1,400 shares in the last quarter. Summit Securities Group LLC purchased a new position in Guidance Software during the second quarter valued at about $129,000. Alliancebernstein L.P. increased its position 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 in the last quarter. Finally, Teachers Advisors Inc. increased its position 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 in the last quarter. 49.28% of the stock is owned by hedge funds and other institutional investors.

Guidance Software Company Profile

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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