Zacks Investment Research downgraded shares of Guidance Software, Inc. (NASDAQ:GUID) from a hold rating to a sell rating in a research note published on Monday, July 31st.

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. “

A number of other analysts have also issued reports on the company. B. Riley reissued a neutral rating and issued a $7.10 target price on shares of Guidance Software in a research report on Thursday, July 27th. Gabelli reissued a hold rating on shares of Guidance Software in a research report on Thursday, July 27th. Piper Jaffray Companies lowered Guidance Software from an overweight rating to a neutral rating and cut their target price for the company from $8.50 to $7.00 in a research report on Wednesday, July 26th. Northland Securities set a $8.00 target price on Guidance Software and gave the company a buy rating in a research report on Saturday, July 22nd. Finally, TheStreet raised Guidance Software from a d- rating to a c- rating in a research report on Wednesday, May 3rd. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of Hold and an average target price of $14.61.

Shares of Guidance Software (NASDAQ:GUID) traded down 0.14% on Monday, reaching $7.06. The company had a trading volume of 514,521 shares. The company’s 50 day moving average price is $6.92 and its 200-day moving average price is $6.59. The stock’s market capitalization is $215.80 million. Guidance Software has a 1-year low of $4.52 and a 1-year high of $7.80.

Guidance Software (NASDAQ:GUID) last announced its earnings results on Tuesday, August 1st. The software maker reported ($0.01) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.02. The company had revenue of $24.66 million for the quarter, compared to analyst estimates of $27.63 million. Guidance Software had a negative return on equity of 1,053.09% and a negative net margin of 6.56%. Equities analysts predict that Guidance Software will post $0.31 EPS for the current year.

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In other news, major shareholder Shawn Mccreight sold 185,516 shares of the company’s stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $7.07, for a total transaction of $1,311,598.12. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders have sold 982,084 shares of company stock worth $6,690,299 in the last ninety days. Corporate insiders own 38.11% of the company’s stock.

Hedge funds have recently bought and sold shares of the company. Russell Investments Group Ltd. bought a new stake in Guidance Software during the fourth quarter worth $819,000. State Street Corp raised its stake in Guidance Software by 2.0% in the fourth quarter. State Street Corp now owns 304,945 shares of the software maker’s stock worth $2,159,000 after buying an additional 5,982 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of Guidance Software by 3.9% in the fourth quarter. Renaissance Technologies LLC now owns 385,700 shares of the software maker’s stock worth $2,731,000 after buying an additional 14,400 shares during the last quarter. GSA Capital Partners LLP increased its position in shares of 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. Finally, Norges Bank purchased a new position in shares of Guidance Software during the fourth quarter worth approximately $1,416,000. 53.54% of the stock is currently 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.

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Analyst Recommendations for Guidance Software (NASDAQ:GUID)

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