Instructure (INST) Receives Daily Media Sentiment Score of 0.06
News headlines about Instructure (NYSE:INST) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group identifies positive and negative media coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Instructure earned a daily sentiment score of 0.06 on Accern’s scale. Accern also gave news stories about the technology company an impact score of 45.0163198982006 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the news articles that may have impacted Accern’s scoring:
- Work-Related Stress Wreaking Havoc on Today’s Employees, Finds New Survey from Bridge by Instructure (finance.yahoo.com)
- $41.40 Million in Sales Expected for Instructure, Inc. (INST) This Quarter (americanbankingnews.com)
- ETFs with exposure to Instructure, Inc. : November 9, 2017 (finance.yahoo.com)
- Instructure Ranked Among the Fastest Growing Companies in North America on Deloitte’s 2017 Technology Fast 500™ (finance.yahoo.com)
- Instructure, Inc. (INST) Lowered to Hold at Zacks Investment Research (americanbankingnews.com)
A number of equities research analysts have issued reports on INST shares. First Analysis upped their price objective on shares of Instructure from $34.00 to $38.00 and gave the stock an “overweight” rating in a research report on Thursday, July 27th. Needham & Company LLC reiterated a “buy” rating and issued a $39.00 target price (up from $33.00) on shares of Instructure in a research note on Thursday, July 27th. UBS AG reiterated an “outperform” rating and issued a $38.00 target price (up from $33.00) on shares of Instructure in a research note on Tuesday, August 1st. Jefferies Group LLC raised their price objective on shares of Instructure from $30.00 to $37.00 and gave the company a “buy” rating in a research report on Tuesday, August 1st. Finally, Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and set a $38.00 target price (up previously from $33.00) on shares of Instructure in a report on Wednesday, August 2nd. Four research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $37.44.
Instructure (INST) traded up $0.70 during trading hours on Friday, hitting $34.35. 234,000 shares of the stock traded hands, compared to its average volume of 255,274. Instructure has a 12-month low of $18.80 and a 12-month high of $36.00.
Instructure (NYSE:INST) last posted its earnings results on Monday, October 30th. The technology company reported ($0.27) EPS for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $42.95 million during the quarter, compared to analysts’ expectations of $40.57 million. During the same period last year, the company posted ($0.34) EPS. The company’s quarterly revenue was up 42.5% compared to the same quarter last year. research analysts predict that Instructure will post -1.75 earnings per share for the current year.
In related news, SVP Matthew Kaminer sold 2,000 shares of Instructure stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of $31.36, for a total transaction of $62,720.00. Following the completion of the transaction, the senior vice president now directly owns 18,008 shares of the company’s stock, valued at approximately $564,730.88. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, COO Mitch Macfarlane sold 19,815 shares of Instructure stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $34.32, for a total transaction of $680,050.80. Following the transaction, the chief operating officer now directly owns 11,964 shares of the company’s stock, valued at $410,604.48. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 65,517 shares of company stock valued at $2,208,263. Corporate insiders own 62.50% of the company’s stock.
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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