Equities research analysts expect Instructure Inc (NYSE:INST) to post sales of $68.10 million for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for Instructure’s earnings. The highest sales estimate is $68.52 million and the lowest is $67.83 million. Instructure posted sales of $55.24 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 23.3%. The firm is scheduled to announce its next earnings report on Monday, November 4th.
On average, analysts expect that Instructure will report full year sales of $258.92 million for the current year, with estimates ranging from $258.50 million to $259.38 million. For the next financial year, analysts anticipate that the business will report sales of $310.39 million, with estimates ranging from $300.10 million to $314.17 million. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover Instructure.
Instructure (NYSE:INST) last issued its quarterly earnings results on Monday, July 29th. The technology company reported ($0.58) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.65) by $0.07. The business had revenue of $62.87 million for the quarter, compared to analyst estimates of $62.07 million. Instructure had a negative return on equity of 41.15% and a negative net margin of 24.07%. The company’s revenue was up 25.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.24) earnings per share.
A number of research firms have recently weighed in on INST. Raymond James cut Instructure from an “outperform” rating to a “market perform” rating and set a $45.20 price target for the company. in a report on Friday, July 12th. Zacks Investment Research lowered Instructure from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th. Needham & Company LLC reissued a “buy” rating and set a $46.00 target price on shares of Instructure in a research note on Tuesday, July 30th. TheStreet lowered Instructure from a “c” rating to a “d-” rating in a research note on Tuesday, April 30th. Finally, Barrington Research reissued a “buy” rating and set a $50.00 target price on shares of Instructure in a research note on Tuesday, April 23rd. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $46.37.
Shares of NYSE INST traded down $0.98 during mid-day trading on Monday, reaching $39.19. 21,149 shares of the company’s stock were exchanged, compared to its average volume of 495,411. The firm has a market capitalization of $1.49 billion, a price-to-earnings ratio of -31.86 and a beta of 0.47. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.06 and a quick ratio of 1.39. Instructure has a 52-week low of $29.48 and a 52-week high of $50.19. The stock’s 50-day moving average is $41.64.
In related news, CEO Daniel Tucker Goldsmith bought 2,500 shares of the stock in a transaction on Tuesday, May 7th. The shares were bought at an average cost of $41.85 per share, for a total transaction of $104,625.00. Following the purchase, the chief executive officer now owns 7,379 shares of the company’s stock, valued at approximately $308,811.15. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Matthew Kaminer sold 2,000 shares of Instructure stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of $40.73, for a total value of $81,460.00. Following the completion of the transaction, the insider now owns 36,075 shares in the company, valued at $1,469,334.75. The disclosure for this sale can be found here. Insiders have sold a total of 62,000 shares of company stock worth $2,612,410 in the last three months. Corporate insiders own 9.60% of the company’s stock.
A number of hedge funds have recently modified their holdings of the stock. Ashburton Jersey Ltd acquired a new position in shares of Instructure in the second quarter worth $27,000. Aperio Group LLC purchased a new stake in shares of Instructure in the second quarter valued at $58,000. Legal & General Group Plc grew its position in shares of Instructure by 23.7% in the fourth quarter. Legal & General Group Plc now owns 6,020 shares of the technology company’s stock valued at $226,000 after purchasing an additional 1,153 shares during the period. Gotham Asset Management LLC purchased a new stake in shares of Instructure in the fourth quarter valued at $244,000. Finally, BNP Paribas Arbitrage SA grew its position in shares of Instructure by 73,355.6% in the first quarter. BNP Paribas Arbitrage SA now owns 6,611 shares of the technology company’s stock valued at $312,000 after purchasing an additional 6,602 shares during the period. 89.45% of the stock is owned by hedge funds and other institutional investors.
Instructure, Inc provides applications for learning, assessment, and performance management through a software-as-a-service business model worldwide. It develops Canvas, a learning management platform for KÂ12 and higher education; and Bridge, an employee development and engagement platform. The company's applications enhance academic and corporate learning by providing a system of engagement for teachers and learners, enabling frequent and open interactions, a streamlined workflow, and the creation and sharing of content with anytime, anywhere access to information.
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