Somewhat Positive Media Coverage Somewhat Unlikely to Impact Instructure (INST) Stock Price
News coverage about Instructure (NYSE:INST) has trended somewhat positive recently, according to Accern. The research group identifies positive and negative press coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Instructure earned a media sentiment score of 0.18 on Accern’s scale. Accern also gave media stories about the technology company an impact score of 45.2900243472053 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the media stories that may have impacted Accern Sentiment’s analysis:
- $40.56 Million in Sales Expected for Instructure, Inc. (INST) This Quarter (americanbankingnews.com)
- New report: Global market of learning management system market analysis to 2022 (whatech.com)
- ETFs with exposure to Instructure, Inc. : October 3, 2017 (finance.yahoo.com)
- Needham Believes Instructure Inc (NYSE: INST) Still Has Room to Grow – Analyst Ratings (analystratings.com)
- Instructure’s (INST) “Buy” Rating Reiterated at Needham & Company LLC (americanbankingnews.com)
Several research analysts have weighed in on INST shares. BidaskClub upgraded shares of Instructure from a “buy” rating to a “strong-buy” rating in a research note on Friday. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and issued a $38.00 price objective (up previously from $33.00) on shares of Instructure in a research note on Wednesday, August 2nd. Zacks Investment Research lowered shares of Instructure from a “buy” rating to a “hold” rating in a research note on Wednesday. Needham & Company LLC reiterated a “buy” rating and issued a $39.00 price objective on shares of Instructure in a research note on Sunday, October 1st. Finally, Jefferies Group LLC upped their price objective on shares of Instructure from $30.00 to $37.00 and gave the company a “buy” rating in a research note on Tuesday, August 1st. Two research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company. Instructure currently has a consensus rating of “Buy” and an average target price of $36.00.
Instructure (INST) opened at 34.60 on Friday. The firm’s market cap is $1.02 billion. The firm has a 50-day moving average of $31.73 and a 200 day moving average of $28.03. Instructure has a 1-year low of $17.85 and a 1-year high of $34.85.
Instructure (NYSE:INST) last posted its quarterly earnings data on Monday, July 31st. The technology company reported ($0.46) earnings per share (EPS) for the quarter, beating the Zacks’ 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 company had revenue of $38.00 million for the quarter, compared to the consensus estimate of $37.09 million. During the same period last year, the company earned ($0.44) earnings per share. The firm’s revenue was up 46.7% compared to the same quarter last year. Analysts expect that Instructure will post ($1.24) earnings per share for the current fiscal year.
In other news, Director William M. Conroy sold 8,000 shares of Instructure stock in a transaction that occurred on Monday, July 17th. The shares were sold at an average price of $29.59, for a total value of $236,720.00. Following the sale, the director now directly owns 32,031 shares in the company, valued at $947,797.29. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Steven B. Kaminsky sold 10,000 shares of Instructure stock in a transaction that occurred on Thursday, July 13th. The shares were sold at an average price of $30.00, for a total transaction of $300,000.00. Following the completion of the sale, the chief financial officer now owns 150,459 shares in the company, valued at $4,513,770. The disclosure for this sale can be found here. Insiders sold 36,650 shares of company stock worth $1,111,538 over the last quarter. 62.50% of the stock is owned by corporate insiders.
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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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