Equities analysts predict that Instructure Inc (NYSE:INST) will announce $53.89 million in sales for the current quarter, according to Zacks Investment Research. Six analysts have provided estimates for Instructure’s earnings, with the lowest sales estimate coming in at $53.65 million and the highest estimate coming in at $54.03 million. Instructure reported sales of $42.95 million in the same quarter last year, which indicates a positive year over year growth rate of 25.5%. The firm is expected to issue its next quarterly earnings results after the market closes on Monday, October 29th.

On average, analysts expect that Instructure will report full year sales of $207.51 million for the current financial year, with estimates ranging from $207.30 million to $208.21 million. For the next year, analysts forecast that the firm will report sales of $260.16 million, with estimates ranging from $251.52 million to $264.58 million. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for Instructure.

Instructure (NYSE:INST) last issued its quarterly earnings results on Monday, July 30th. The technology company reported ($0.24) earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of $50.10 million for the quarter, compared to analyst estimates of $49.46 million. During the same quarter in the prior year, the company posted ($0.32) EPS. The business’s revenue for the quarter was up 30.1% compared to the same quarter last year.

INST has been the topic of several research reports. Zacks Investment Research lowered Instructure from a “hold” rating to a “sell” rating in a research report on Saturday, October 6th. DA Davidson initiated coverage on Instructure in a research report on Wednesday, August 29th. They issued a “buy” rating and a $47.00 target price on the stock. Raymond James cut their target price on Instructure from $55.00 to $50.00 and set a “strong-buy” rating on the stock in a research report on Wednesday, October 3rd. Barrington Research reaffirmed a “buy” rating and issued a $50.00 target price on shares of Instructure in a research report on Tuesday, October 16th. Finally, Needham & Company LLC increased their target price on Instructure from $50.00 to $58.00 and gave the stock a “buy” rating in a research report on Thursday, July 26th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $48.09.

Shares of INST traded down $1.15 during trading hours on Thursday, hitting $31.60. The stock had a trading volume of 1,087,107 shares, compared to its average volume of 737,223. Instructure has a 12-month low of $29.48 and a 12-month high of $49.17.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. EastBay Asset Management LLC acquired a new stake in Instructure in the 3rd quarter valued at $12,114,000. Evanson Asset Management LLC grew its stake in shares of Instructure by 37.9% during the third quarter. Evanson Asset Management LLC now owns 9,650 shares of the technology company’s stock valued at $342,000 after acquiring an additional 2,650 shares in the last quarter. Northern Trust Corp grew its stake in shares of Instructure by 40.2% during the second quarter. Northern Trust Corp now owns 377,148 shares of the technology company’s stock valued at $16,048,000 after acquiring an additional 108,061 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of Instructure by 2.7% during the second quarter. Bank of New York Mellon Corp now owns 123,394 shares of the technology company’s stock valued at $5,250,000 after acquiring an additional 3,235 shares in the last quarter. Finally, Public Employees Retirement System of Ohio grew its stake in shares of Instructure by 3.6% during the second quarter. Public Employees Retirement System of Ohio now owns 39,276 shares of the technology company’s stock valued at $1,671,000 after acquiring an additional 1,364 shares in the last quarter. Hedge funds and other institutional investors own 85.38% of the company’s stock.

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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