Equities research analysts expect Instructure Inc (NYSE:INST) to post earnings per share (EPS) of ($0.25) for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for Instructure’s earnings. The lowest EPS estimate is ($0.26) and the highest is ($0.23). Instructure reported earnings per share of ($0.32) in the same quarter last year, which suggests a positive year over year growth rate of 21.9%. The firm is expected to announce its next earnings results on Monday, July 30th.
On average, analysts expect that Instructure will report full-year earnings of ($0.90) per share for the current financial year, with EPS estimates ranging from ($0.91) to ($0.87). For the next year, analysts expect that the firm will post earnings of ($0.63) per share, with EPS estimates ranging from ($0.75) to ($0.51). Zacks’ EPS averages are a mean average based on a survey of research firms that cover Instructure.
Instructure (NYSE:INST) last released its earnings results on Monday, April 30th. The technology company reported ($0.21) earnings per share for the quarter, topping the consensus estimate of ($0.23) by $0.02. Instructure had a negative return on equity of 162.98% and a negative net margin of 28.33%. The business had revenue of $47.99 million during the quarter, compared to the consensus estimate of $47.12 million. During the same period last year, the company earned ($0.33) earnings per share. The business’s revenue for the quarter was up 39.2% compared to the same quarter last year.
Several equities analysts have recently commented on the company. Needham & Company LLC lowered Instructure from a “strong-buy” rating to a “buy” rating and raised their price target for the company from $46.00 to $50.00 in a research note on Wednesday, March 21st. They noted that the move was a valuation call. Barrington Research restated a “buy” rating and set a $50.00 price target on shares of Instructure in a research note on Tuesday, May 1st. ValuEngine upgraded Instructure from a “hold” rating to a “buy” rating in a research note on Wednesday, May 2nd. Zacks Investment Research upgraded Instructure from a “sell” rating to a “hold” rating and set a $47.00 price target on the stock in a research note on Wednesday, April 18th. Finally, William Blair restated a “market perform” rating on shares of Instructure in a research note on Tuesday, May 1st. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Instructure presently has a consensus rating of “Buy” and an average price target of $44.70.
In other Instructure news, CFO Steven B. Kaminsky sold 15,000 shares of Instructure stock in a transaction dated Monday, April 2nd. The stock was sold at an average price of $40.72, for a total value of $610,800.00. Following the transaction, the chief financial officer now owns 161,299 shares in the company, valued at $6,568,095.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Matthew Kaminer sold 5,000 shares of Instructure stock in a transaction dated Monday, April 2nd. The shares were sold at an average price of $40.54, for a total value of $202,700.00. Following the completion of the transaction, the senior vice president now owns 23,705 shares in the company, valued at approximately $961,000.70. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 59,552 shares of company stock worth $2,497,319. Insiders own 10.40% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Summit Trail Advisors LLC grew its stake in Instructure by 4,115.0% in the first quarter. Summit Trail Advisors LLC now owns 5,631,577 shares of the technology company’s stock valued at $5,632,000 after purchasing an additional 5,497,969 shares during the last quarter. WINTON GROUP Ltd purchased a new position in Instructure in the first quarter valued at about $434,000. CIBC World Markets Inc. purchased a new position in Instructure in the first quarter valued at about $230,000. Eventide Asset Management LLC grew its stake in shares of Instructure by 11.9% during the first quarter. Eventide Asset Management LLC now owns 942,000 shares of the technology company’s stock worth $39,705,000 after acquiring an additional 100,000 shares during the last quarter. Finally, Verition Fund Management LLC purchased a new stake in shares of Instructure during the first quarter worth about $418,000. Institutional investors own 82.77% of the company’s stock.
NYSE:INST opened at $41.80 on Friday. The firm has a market cap of $1.42 billion, a PE ratio of -24.30 and a beta of 1.03. Instructure has a twelve month low of $28.50 and a twelve month high of $46.95.
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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