Instructure (NYSE:INST) Receives Media Impact Rating of 0.44
News stories about Instructure (NYSE:INST) have trended positive recently, Accern reports. The research group identifies negative and positive media coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Instructure earned a media sentiment score of 0.44 on Accern’s scale. Accern also assigned news headlines about the technology company an impact score of 0 out of 100, meaning that recent media coverage is extremely unlikely to have an impact on the company’s share price in the near term.
A number of equities research analysts have recently commented on the stock. Zacks Investment Research cut shares of Instructure from a “buy” rating to a “hold” rating in a research note on Friday, May 5th. SunTrust Banks, Inc. initiated coverage on Instructure in a research report on Monday, June 26th. They set a “buy” rating and a $33.00 target price on the stock. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and set a $33.00 target price (up previously from $30.00) on shares of Instructure in a research report on Friday, June 23rd. Needham & Company LLC increased their target price on Instructure from $28.00 to $33.00 and gave the company a “strong-buy” rating in a research report on Tuesday, May 2nd. Finally, Jefferies Group LLC increased their target price on Instructure from $27.00 to $30.00 and gave the company a “buy” rating in a research report on Tuesday, May 2nd. Two research analysts have rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the company’s stock. Instructure has a consensus rating of “Buy” and a consensus price target of $31.71.
Instructure (NYSE:INST) opened at 29.60 on Monday. Instructure has a 12 month low of $17.85 and a 12 month high of $30.10. The stock’s market cap is $855.94 million. The stock’s 50 day moving average price is $26.72 and its 200-day moving average price is $23.58.
Instructure (NYSE:INST) last announced its quarterly earnings data on Monday, May 1st. The technology company reported ($0.33) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.37) by $0.04. Instructure had a negative return on equity of 385.77% and a negative net margin of 43.24%. The firm had revenue of $34 million for the quarter, compared to analyst estimates of $32.96 million. During the same quarter in the prior year, the company posted ($0.42) earnings per share. Instructure’s quarterly revenue was up 45.9% on a year-over-year basis. Equities research analysts predict that Instructure will post ($1.27) EPS for the current year.
In related news, EVP Marc T. Maloy sold 3,000 shares of the company’s stock in a transaction on Monday, May 8th. The stock was sold at an average price of $25.21, for a total transaction of $75,630.00. Following the transaction, the executive vice president now owns 12,614 shares of the company’s stock, valued at $317,998.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Steven B. Kaminsky sold 17,781 shares of the company’s stock in a transaction on Thursday, May 4th. The stock was sold at an average price of $24.59, for a total value of $437,234.79. Following the transaction, the chief financial officer now directly owns 151,064 shares in the company, valued at approximately $3,714,663.76. The disclosure for this sale can be found here. Insiders have sold 40,781 shares of company stock worth $1,071,085 in the last ninety days. 12.80% of the stock is currently 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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