Instructure (NYSE:INST) Earning Somewhat Favorable Press Coverage, Analysis Shows

Media coverage about Instructure (NYSE:INST) has trended somewhat positive on Tuesday, Accern reports. The research firm rates the sentiment of news coverage by analyzing more than 20 million news and blog sources in real time. 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 media sentiment score of 0.16 on Accern’s scale. Accern also assigned media headlines about the technology company an impact score of 45.8754342783688 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

These are some of the news stories that may have impacted Accern’s scoring:

Instructure (INST) opened at $34.20 on Tuesday. The stock has a market cap of $1,020.00 and a PE ratio of -19.43. Instructure has a 1-year low of $21.40 and a 1-year high of $36.60.

Instructure (NYSE:INST) last posted its quarterly earnings results on Monday, October 30th. The technology company reported ($0.27) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.31) by $0.04. Instructure had a negative net margin of 34.82% and a negative return on equity of 827.22%. The firm had revenue of $42.95 million during the quarter, compared to analysts’ expectations of $40.57 million. During the same period in the prior year, the company posted ($0.34) earnings per share. The firm’s revenue for the quarter was up 42.5% on a year-over-year basis. analysts anticipate that Instructure will post -1.75 EPS for the current fiscal year.

A number of analysts have issued reports on INST shares. Zacks Investment Research lowered Instructure from a “buy” rating to a “hold” rating in a research report on Friday, November 10th. William Blair began coverage on Instructure in a research report on Thursday, October 26th. They set a “market perform” rating on the stock. Macquarie began coverage on Instructure in a research report on Thursday, December 7th. They set an “outperform” rating and a $41.00 price objective on the stock. Oppenheimer reiterated a “buy” rating and set a $41.00 target price on shares of Instructure in a research note on Wednesday, December 6th. Finally, BidaskClub downgraded shares of Instructure from a “buy” rating to a “hold” rating in a research note on Saturday, October 28th. Four research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. Instructure currently has a consensus rating of “Buy” and an average price target of $38.00.

In other Instructure news, Director Ellen Levy sold 9,000 shares of Instructure stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $34.55, for a total value of $310,950.00. Following the transaction, the director now owns 17,562 shares in the company, valued at approximately $606,767.10. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Mitch Macfarlane sold 19,815 shares of Instructure stock in a transaction on Monday, November 6th. The shares were sold at an average price of $34.32, for a total transaction of $680,050.80. Following the completion of the transaction, the chief operating officer now owns 11,964 shares in the company, valued at approximately $410,604.48. The disclosure for this sale can be found here. Over the last three months, insiders have sold 50,367 shares of company stock valued at $1,729,995. Corporate insiders own 12.80% of the company’s stock.

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Instructure Company Profile

Instructure, Inc provides cloud-based learning management platform for academic institutions and companies across the world. The Company operates in the cloud-based learning management systems segment. The Company builds its learning management applications, Canvas for the education market and Bridge for the corporate market, to enable its customers to develop, deliver and manage face-to-face and online learning experiences.

Insider Buying and Selling by Quarter for Instructure (NYSE:INST)

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