Media coverage about Instructure (NYSE:INST) has been trending somewhat positive recently, Accern reports. The research group identifies negative and positive media coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Instructure earned a coverage optimism score of 0.13 on Accern’s scale. Accern also gave media headlines about the technology company an impact score of 44.9225038792302 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
INST has been the topic of several recent analyst reports. Zacks Investment Research cut Instructure from a “buy” rating to a “hold” rating in a report on Friday, November 10th. William Blair initiated coverage on Instructure in a report on Thursday, October 26th. They set a “market perform” rating on the stock. Macquarie initiated coverage on Instructure in a report on Thursday, December 7th. They issued an “outperform” rating and a $41.00 price target on the stock. Oppenheimer reaffirmed a “buy” rating and issued a $41.00 price target on shares of Instructure in a report on Wednesday, December 6th. Finally, Morgan Stanley raised Instructure from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $35.00 to $39.00 in a report on Monday, September 18th. Four analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $38.00.
Shares of Instructure (INST) opened at $33.90 on Thursday. Instructure has a one year low of $20.30 and a one year high of $36.60. The stock has a market cap of $1,000.00 and a price-to-earnings ratio of -19.26.
Instructure (NYSE:INST) last announced its earnings results on Monday, October 30th. The technology company reported ($0.27) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.31) by $0.04. Instructure had a negative net margin of 34.82% and a negative return on equity of 827.22%. The company had revenue of $42.95 million for the quarter, compared to the consensus estimate of $40.57 million. During the same period in the previous year, the business earned ($0.34) EPS. The company’s revenue was up 42.5% on a year-over-year basis. equities research analysts anticipate that Instructure will post -1.75 EPS for the current year.
In other news, CFO Steven B. Kaminsky sold 12,500 shares of the business’s stock in a transaction on Tuesday, October 24th. The shares were sold at an average price of $35.00, for a total transaction of $437,500.00. Following the transaction, the chief financial officer now directly owns 143,345 shares in the company, valued at approximately $5,017,075. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director William M. Conroy sold 8,000 shares of the business’s stock in a transaction on Monday, October 16th. The shares were sold at an average price of $33.94, for a total transaction of $271,520.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 65,867 shares of company stock worth $2,269,015. Company insiders own 12.80% of the company’s stock.
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Instructure Company Profile
Instructure, Inc provides cloud-based learning management platform for academic institutions and companies across the world. The Company operates in the cloud-based learning management systems segment. The Company builds its learning management applications, Canvas for the education market and Bridge for the corporate market, to enable its customers to develop, deliver and manage face-to-face and online learning experiences.
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