News headlines about Instructure (NYSE:INST) have trended somewhat positive on Thursday, Accern Sentiment Analysis reports. Accern ranks the sentiment of press coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Instructure earned a news impact score of 0.09 on Accern’s scale. Accern also assigned news articles about the technology company an impact score of 45.7135312578995 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the news articles that may have impacted Accern’s scoring:
- Instructure Announces Sales Transition (finance.yahoo.com)
- Head-To-Head Review: Instructure (INST) vs. Its Peers (americanbankingnews.com)
- Instructure Announces Third Quarter 2017 Earnings Conference Call (finance.yahoo.com)
- Instructure, Inc. (INST) Upgraded at BidaskClub (americanbankingnews.com)
- $40.56 Million in Sales Expected for Instructure, Inc. (INST) This Quarter (americanbankingnews.com)
Shares of Instructure (NYSE INST) opened at 33.85 on Thursday. Instructure has a 12-month low of $17.85 and a 12-month high of $35.60. The company’s market capitalization is $994.48 million. The company has a 50 day moving average price of $32.09 and a 200 day moving average price of $28.35.
Instructure (NYSE:INST) last announced its earnings results on Monday, July 31st. The technology company reported ($0.46) EPS for the quarter, beating analysts’ consensus estimates of ($0.50) by $0.04. Instructure had a negative return on equity of 827.22% and a negative net margin of 38.12%. The company had revenue of $38.00 million during the quarter, compared to analysts’ expectations of $37.09 million. During the same period last year, the business posted ($0.44) EPS. Instructure’s revenue for the quarter was up 46.7% on a year-over-year basis. Equities analysts anticipate that Instructure will post ($1.24) EPS for the current year.
Several analysts have recently weighed in on INST shares. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and set a $33.00 target price (up from $30.00) on shares of Instructure in a research report on Friday, June 23rd. SunTrust Banks, Inc. started coverage on Instructure in a research report on Monday, June 26th. They set a “buy” rating and a $33.00 target price for the company. Zacks Investment Research upgraded Instructure from a “hold” rating to a “strong-buy” rating and set a $34.00 target price for the company in a research report on Monday, July 3rd. First Analysis lifted their target price on Instructure from $34.00 to $38.00 and gave the stock an “overweight” rating in a research report on Thursday, July 27th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $39.00 target price (up from $33.00) on shares of Instructure in a research report on Thursday, July 27th. Two analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $36.00.
In related news, EVP Marc T. Maloy sold 2,000 shares of the firm’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $33.52, for a total transaction of $67,040.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director William M. Conroy sold 8,000 shares of the firm’s stock in a transaction dated Monday, July 17th. The shares were sold at an average price of $29.59, for a total value of $236,720.00. Following the transaction, the director now owns 32,031 shares of the company’s stock, valued at $947,797.29. The disclosure for this sale can be found here. Insiders have sold a total of 26,650 shares of company stock valued at $811,538 over the last 90 days. 62.50% of the stock is currently owned by company insiders.
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.
Receive News & Ratings for Instructure Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Instructure Inc. and related companies with MarketBeat.com's FREE daily email newsletter.