B. Riley initiated coverage on shares of Guidance Software (NASDAQ:GUID) in a research note released on Wednesday morning, TheFlyOnTheWall.com reports. The firm issued a buy rating on the stock.
Several other analysts have also recently commented on the stock. Analysts at Zacks upgraded shares of Guidance Software from an underperform rating to a neutral rating in a research note to investors on Wednesday, July 3rd. They now have a $9.00 price target on the stock. Separately, analysts at TheStreet downgraded shares of Guidance Software from a hold rating to a sell rating in a research note to investors on Tuesday, June 4th. Finally, analysts at Raymond James cut their price target on shares of Guidance Software from $12.00 to $10.00 in a research note to investors on Monday, May 6th. They now have an outperform rating on the stock.
One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. Guidance Software presently has an average rating of Hold and a consensus target price of $9.50.
Shares of Guidance Software (NASDAQ: GUID) traded down 1.25% during mid-day trading on Wednesday, hitting $9.46. Guidance Software has a 52 week low of $7.50 and a 52 week high of $13.08. The stock’s 50-day moving average is currently $8.96. The company’s market cap is $266.5 million.
Guidance Software, Inc is a provider of digital investigative solutions. The Company’s EnCase platform provides an investigative infrastructure that enables its customers to search, collect, and analyze electronically stored information in order to address human resources matters, litigation matters, allegations of fraud, suspicious network endpoint activity and defend their organization’s data assets.
