Analysts predict that Instructure Inc (NYSE:INST) will report earnings of ($0.24) per share for the current quarter, Zacks reports. Six analysts have provided estimates for Instructure’s earnings, with the lowest EPS estimate coming in at ($0.24) and the highest estimate coming in at ($0.20). Instructure reported earnings of ($0.27) per share during the same quarter last year, which suggests a positive year over year growth rate of 11.1%. The firm is scheduled to report its next earnings report after the market closes on Monday, October 29th.

On average, analysts expect that Instructure will report full year earnings of ($0.90) per share for the current fiscal year, with EPS estimates ranging from ($0.91) to ($0.87). For the next financial year, analysts forecast that the business will post earnings of ($0.65) per share, with EPS estimates ranging from ($0.82) to ($0.51). Zacks’ earnings per share calculations are an average based on a survey of research firms that that provide coverage for Instructure.

Instructure (NYSE:INST) last released its quarterly earnings results on Monday, July 30th. The technology company reported ($0.24) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.43) by $0.19. Instructure had a negative return on equity of 78.26% and a negative net margin of 26.24%. The business had revenue of $50.10 million during the quarter, compared to analysts’ expectations of $49.46 million. During the same period in the previous year, the business posted ($0.32) earnings per share. The firm’s revenue for the quarter was up 30.1% compared to the same quarter last year.

Several analysts have weighed in on the company. UBS Group cut Instructure from an “outperform” rating to a “market perform” rating in a report on Tuesday, July 31st. Oppenheimer reissued a “market perform” rating and set a $41.00 price objective on shares of Instructure in a report on Tuesday, July 31st. Needham & Company LLC boosted their price objective on Instructure from $50.00 to $58.00 and gave the stock a “buy” rating in a report on Thursday, July 26th. Citigroup assumed coverage on Instructure in a report on Monday, July 16th. They set a “buy” rating and a $55.00 price objective for the company. Finally, Zacks Investment Research cut Instructure from a “hold” rating to a “sell” rating in a report on Saturday, October 6th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $48.09.

Shares of Instructure stock traded up $0.40 during trading on Friday, reaching $30.75. The company’s stock had a trading volume of 517,863 shares, compared to its average volume of 363,007. Instructure has a one year low of $29.48 and a one year high of $49.17. The stock has a market capitalization of $1.23 billion, a price-to-earnings ratio of -17.88 and a beta of 0.91.

In other Instructure news, CFO Steven B. Kaminsky sold 20,000 shares of the business’s stock in a transaction dated Monday, July 16th. The stock was sold at an average price of $45.16, for a total transaction of $903,200.00. Following the completion of the sale, the chief financial officer now directly owns 165,418 shares of the company’s stock, valued at approximately $7,470,276.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 10.40% of the company’s stock.

A number of large investors have recently made changes to their positions in INST. SG Americas Securities LLC bought a new stake in shares of Instructure in the 1st quarter valued at about $101,000. Swiss National Bank increased its stake in shares of Instructure by 116.6% in the 1st quarter. Swiss National Bank now owns 49,600 shares of the technology company’s stock valued at $2,091,000 after acquiring an additional 26,700 shares during the last quarter. Schwab Charles Investment Management Inc. increased its stake in shares of Instructure by 32.2% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 128,162 shares of the technology company’s stock valued at $5,403,000 after acquiring an additional 31,248 shares during the last quarter. Teacher Retirement System of Texas bought a new stake in shares of Instructure in the 1st quarter valued at about $266,000. Finally, Northern Trust Corp increased its stake in shares of Instructure by 14.0% in the 1st quarter. Northern Trust Corp now owns 269,087 shares of the technology company’s stock valued at $11,342,000 after acquiring an additional 33,017 shares during the last quarter. 85.44% of the stock is owned by hedge funds and other institutional investors.

About Instructure

Instructure, Inc, a software-as-a-service technology company, provides applications for learning, assessment, and performance management worldwide. The company offers its platform through a software-as-a-service business model. It develops Canvas, a learning management system for K?12 and higher education; Bridge, a learning and performance management suite for businesses; Arc, a next-generation online video learning platform for academic and corporate learning; and Gauge, an assessment management system for K?12 schools.

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