Media headlines about Instructure (NYSE:INST) have trended somewhat positive recently, according to Accern Sentiment. The research firm identifies positive and negative press coverage by reviewing 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 daily sentiment score of 0.19 on Accern’s scale. Accern also assigned headlines about the technology company an impact score of 46.4680675580995 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the headlines that may have impacted Accern Sentiment Analysis’s analysis:
Instructure traded down $2.25, hitting $41.70, during mid-day trading on Monday, Marketbeat.com reports. 3,407 shares of the company’s stock traded hands, compared to its average volume of 225,632. Instructure has a 1 year low of $27.90 and a 1 year high of $46.95. The company has a market capitalization of $1.51 billion, a P/E ratio of -24.36 and a beta of 1.03.
Instructure (NYSE:INST) last posted its earnings results on Monday, April 30th. The technology company reported ($0.21) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.23) by $0.02. The firm had revenue of $47.99 million during the quarter, compared to the consensus estimate of $47.12 million. Instructure had a negative net margin of 28.33% and a negative return on equity of 162.98%. The firm’s revenue for the quarter was up 39.2% on a year-over-year basis. During the same period last year, the firm posted ($0.33) EPS. sell-side analysts predict that Instructure will post -1.62 EPS for the current year.
Several analysts recently commented on the stock. William Blair reiterated a “market perform” rating on shares of Instructure in a research note on Tuesday, May 1st. ValuEngine upgraded shares of Instructure from a “hold” rating to a “buy” rating in a research note on Wednesday, May 2nd. Morgan Stanley raised their target price on shares of Instructure from $42.00 to $50.00 and gave the company an “overweight” rating in a report on Tuesday, May 1st. Barrington Research restated a “buy” rating and set a $50.00 target price on shares of Instructure in a report on Tuesday, May 1st. Finally, Zacks Investment Research upgraded shares of Instructure from a “sell” rating to a “hold” rating and set a $47.00 target price for the company in a report on Wednesday, April 18th. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $44.70.
In other news, Director William M. Conroy sold 16,827 shares of Instructure stock in a transaction dated Thursday, May 31st. The shares were sold at an average price of $42.97, for a total transaction of $723,056.19. Following the completion of the sale, the director now directly owns 22,914 shares in the company, valued at $984,614.58. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Matthew Kaminer sold 5,000 shares of Instructure stock in a transaction dated Monday, April 2nd. The stock was sold at an average price of $40.54, for a total transaction of $202,700.00. Following the sale, the senior vice president now owns 23,705 shares of the company’s stock, valued at $961,000.70. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 59,552 shares of company stock valued at $2,497,319. Insiders own 10.40% of the company’s stock.
Instructure Company Profile
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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