Instructure (INST) Earns Daily News Sentiment Score of 0.20
Headlines about Instructure (NYSE:INST) have been trending somewhat positive recently, Accern reports. The research group rates the sentiment of press 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 nearest to one being the most favorable. Instructure earned a news impact score of 0.20 on Accern’s scale. Accern also assigned news articles about the technology company an impact score of 44.9126682489932 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the news articles that may have effected Accern’s rankings:
- Analysts Expect Instructure, Inc. (INST) Will Post Quarterly Sales of $40.60 Million (americanbankingnews.com)
- Learning Management Systems (LMS) Market : Growth Catalysts, Market Trends And Key Players 2024 (openpr.com)
- Instructure Inc Shares Up 37.6% Since SmarTrend’s Buy Recommendation (INST) (mysmartrend.com)
- Steven A. Collins Sells 3,000 Shares of Instructure, Inc. (INST) Stock (americanbankingnews.com)
A number of equities research analysts have weighed in on the company. Zacks Investment Research upgraded Instructure from a “hold” rating to a “buy” rating and set a $33.00 target price for the company in a research report on Tuesday, August 8th. BidaskClub downgraded Instructure from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 5th. Oppenheimer Holdings, Inc. restated an “outperform” rating and issued a $38.00 target price (up from $33.00) on shares of Instructure in a research report on Wednesday, August 2nd. Jefferies Group LLC upped their target price on Instructure from $30.00 to $37.00 and gave the stock a “buy” rating in a research report on Tuesday, August 1st. Finally, UBS AG restated an “outperform” rating and issued a $38.00 target price (up from $33.00) on shares of Instructure in a research report on Tuesday, August 1st. One analyst has rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $35.63.
Instructure (NYSE INST) opened at 29.70 on Friday. The company’s market cap is $872.56 million. The firm has a 50 day moving average price of $30.20 and a 200 day moving average price of $25.69. Instructure has a 12-month low of $17.85 and a 12-month high of $34.10.
Instructure (NYSE:INST) last released its quarterly earnings results on Monday, July 31st. The technology company reported ($0.46) EPS for the quarter, beating 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 million for the quarter, compared to analysts’ expectations of $37.09 million. During the same period in the prior year, the firm earned ($0.44) earnings per share. Instructure’s revenue was up 46.7% compared to the same quarter last year. On average, analysts anticipate 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 the stock in a transaction that occurred on Monday, July 17th. The shares were sold at an average price of $29.59, for a total transaction of $236,720.00. Following the sale, the director now directly owns 32,031 shares of the company’s stock, valued at $947,797.29. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Marc T. Maloy sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $29.11, for a total transaction of $58,220.00. Following the completion of the transaction, the executive vice president now directly owns 13,272 shares in the company, valued at $386,347.92. The disclosure for this sale can be found here. Insiders have sold 25,000 shares of company stock worth $750,260 over the last three months. 62.50% of the stock is owned by insiders.
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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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