Headlines about Instructure (NYSE:INST) have trended somewhat positive recently, Accern reports. The research group identifies positive and negative media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Instructure earned a media sentiment score of 0.13 on Accern’s scale. Accern also assigned media stories about the technology company an impact score of 46.403503425775 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the media stories that may have impacted Accern’s scoring:
- Instructure (INST) Downgraded by Zacks Investment Research (americanbankingnews.com)
- Utah learning-tech firm Instructure turns 10, opens 10th office (ksl.com)
- Instructure (INST) Upgraded to “Hold” by ValuEngine (americanbankingnews.com)
- Vision Graphics Expert Series | Exciting Interior Decor for Office Spaces (printingnews.com)
Several brokerages have recently commented on INST. Needham & Company LLC lowered Instructure from a “strong-buy” rating to a “buy” rating and lifted their target price for the stock from $46.00 to $50.00 in a research report on Wednesday, March 21st. They noted that the move was a valuation call. Zacks Investment Research lowered Instructure from a “buy” rating to a “hold” rating in a research report on Tuesday, December 26th. William Blair restated a “market perform” rating on shares of Instructure in a research report on Tuesday, February 13th. SunTrust Banks boosted their price objective on Instructure to $47.00 and gave the company a “buy” rating in a research report on Tuesday, February 13th. Finally, Oppenheimer boosted their price objective on Instructure from $41.00 to $43.00 and gave the company an “outperform” rating in a research report on Tuesday, February 13th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $42.33.
Instructure (NYSE:INST) last announced its earnings results on Monday, February 12th. The technology company reported ($0.27) earnings per share for the quarter, beating the consensus estimate of ($0.29) by $0.02. The firm had revenue of $43.80 million for the quarter, compared to the consensus estimate of $41.43 million. Instructure had a negative return on equity of 827.22% and a negative net margin of 31.37%. The firm’s revenue for the quarter was up 39.0% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.35) EPS. sell-side analysts forecast that Instructure will post -1.77 EPS for the current fiscal year.
In other news, CFO Steven B. Kaminsky sold 15,000 shares of the business’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $37.50, for a total value of $562,500.00. Following the sale, the chief financial officer now owns 159,297 shares of the company’s stock, valued at approximately $5,973,637.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Mitch Macfarlane sold 5,000 shares of the business’s stock in a transaction on Monday, January 22nd. The stock was sold at an average price of $34.00, for a total value of $170,000.00. Following the completion of the sale, the chief operating officer now directly owns 48,581 shares in the company, valued at approximately $1,651,754. The disclosure for this sale can be found here. Insiders have sold a total of 41,945 shares of company stock worth $1,624,866 in the last ninety days. 62.50% of the stock is owned by company insiders.
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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.
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