Wall Street analysts expect that Instructure Inc (NYSE:INST) will report earnings of ($0.15) per share for the current fiscal quarter, according to Zacks Investment Research. Six analysts have made estimates for Instructure’s earnings, with the highest EPS estimate coming in at ($0.15) and the lowest estimate coming in at ($0.16). Instructure reported earnings of ($0.27) per share in the same quarter last year, which suggests a positive year over year growth rate of 44.4%. The company is expected to announce its next quarterly earnings report after the market closes on Tuesday, February 19th.

On average, analysts expect that Instructure will report full year earnings of ($0.75) per share for the current year, with EPS estimates ranging from ($0.75) to ($0.74). For the next fiscal year, analysts expect that the business will report earnings of ($0.57) per share, with EPS estimates ranging from ($0.67) to ($0.39). Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Instructure.

INST has been the topic of a number of research analyst reports. Raymond James dropped their target price on shares of Instructure from $50.00 to $45.00 and set a “strong-buy” rating on the stock in a research note on Tuesday, October 30th. Morgan Stanley dropped their target price on shares of Instructure from $50.00 to $45.00 and set a “buy” rating on the stock in a research note on Tuesday, October 30th. Zacks Investment Research upgraded shares of Instructure from a “sell” rating to a “hold” rating and set a $42.00 target price on the stock in a research note on Wednesday, October 31st. Citigroup dropped their target price on shares of Instructure from $55.00 to $50.00 and set a “buy” rating on the stock in a research note on Wednesday, October 31st. Finally, ValuEngine lowered shares of Instructure from a “buy” rating to a “hold” rating in a research report on Thursday, November 1st. Eight equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Instructure currently has a consensus rating of “Hold” and a consensus target price of $46.10.

INST traded up $2.49 during midday trading on Friday, reaching $42.61. The company had a trading volume of 579,392 shares, compared to its average volume of 339,856. The stock has a market cap of $1.49 billion, a price-to-earnings ratio of -24.77 and a beta of 0.49. Instructure has a 12-month low of $29.48 and a 12-month high of $49.17.

Several hedge funds and other institutional investors have recently bought and sold shares of INST. Mackenzie Financial Corp bought a new stake in shares of Instructure in the third quarter valued at approximately $41,945,000. Foxhaven Asset Management LP bought a new stake in Instructure during the 4th quarter worth approximately $40,606,000. Tensile Capital Management LLC bought a new stake in Instructure during the 4th quarter worth approximately $33,647,000. Vista Equity Partners Management LLC increased its holdings in Instructure by 670.7% during the 4th quarter. Vista Equity Partners Management LLC now owns 531,192 shares of the technology company’s stock worth $19,925,000 after acquiring an additional 462,272 shares during the period. Finally, Emerald Mutual Fund Advisers Trust increased its holdings in Instructure by 63.0% during the 3rd quarter. Emerald Mutual Fund Advisers Trust now owns 551,559 shares of the technology company’s stock worth $19,525,000 after acquiring an additional 213,125 shares during the period. 83.54% of the stock is currently owned by institutional investors.

About Instructure

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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