Somewhat Positive Media Coverage Somewhat Unlikely to Impact Instructure (INST) Stock Price
Headlines about Instructure (NYSE:INST) have trended somewhat positive recently, Accern reports. Accern ranks the sentiment of news coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Instructure earned a coverage optimism score of 0.11 on Accern’s scale. Accern also assigned news stories about the technology company an impact score of 45.8098941027848 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the news stories that may have impacted Accern’s scoring:
- Instructure, Inc. (INST) Given Consensus Recommendation of “Buy” by Brokerages (americanbankingnews.com)
- Brokerages Expect Instructure, Inc. (INST) Will Announce Earnings of -$0.31 Per Share (americanbankingnews.com)
- Learning Management Systems : Worldwide Industry Analysis and New Market Opportunities Explored (mynewsdesk.com)
- Financial Comparison: SAP SE (SAP) versus Instructure (INST) (americanbankingnews.com)
- Tracking Harvey’s financial toll: New damage estimate rises to nearly $200 billion (dallasnews.com)
Several research analysts have recently commented on INST shares. Jefferies Group LLC reaffirmed a “buy” rating and set a $30.00 target price on shares of Instructure in a report on Friday, June 2nd. First Analysis raised their target price on shares of Instructure from $34.00 to $38.00 and gave the stock an “overweight” rating in a report on Thursday, July 27th. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and set a $38.00 target price (up from $33.00) on shares of Instructure in a report on Wednesday, August 2nd. ValuEngine raised shares of Instructure from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Finally, Zacks Investment Research raised shares of Instructure from a “hold” rating to a “strong-buy” rating and set a $34.00 target price on the stock in a report on Monday, July 3rd. One equities research analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $35.63.
Instructure (INST) opened at 31.75 on Monday. The company’s market capitalization is $932.78 million. The company has a 50-day moving average of $30.70 and a 200-day moving average of $27.02. Instructure has a 52 week low of $17.85 and a 52 week high of $34.10.
Instructure (NYSE:INST) last posted its earnings results on Monday, July 31st. The technology company reported ($0.46) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.50) by $0.04. Instructure had a negative net margin of 38.12% and a negative return on equity of 827.22%. The business had revenue of $38.00 million for the quarter, compared to analysts’ expectations of $37.09 million. During the same period in the prior year, the company posted ($0.44) EPS. The business’s revenue for the quarter was up 46.7% compared to the same quarter last year. On average, equities research analysts anticipate that Instructure will post ($1.24) EPS for the current year.
In other news, EVP Marc T. Maloy sold 2,000 shares of the stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $29.11, for a total value of $58,220.00. Following the transaction, the executive vice president now owns 13,272 shares of the company’s stock, valued at approximately $386,347.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, COO Mitch Macfarlane sold 7,650 shares of the stock in a transaction on Thursday, September 7th. The stock was sold at an average price of $30.12, for a total transaction of $230,418.00. Following the completion of the transaction, the chief operating officer now directly owns 12,298 shares in the company, valued at approximately $370,415.76. The disclosure for this sale can be found here. Insiders sold a total of 36,650 shares of company stock worth $1,102,718 over the last quarter. Corporate 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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