Somewhat Positive News Coverage Somewhat Unlikely to Impact Instructure (INST) Share Price
News articles about Instructure (NYSE:INST) have trended somewhat positive recently, according to Accern Sentiment. Accern identifies negative and positive 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 one, with scores nearest to one being the most favorable. Instructure earned a coverage optimism score of 0.14 on Accern’s scale. Accern also gave press coverage about the technology company an impact score of 47.2937859873493 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the news stories that may have effected Accern Sentiment’s analysis:
- Instructure (INST) Cut to Buy at Needham & Company LLC (americanbankingnews.com)
- Free Research Report as Instructure’s Quarterly Revenues Increased 38.96% (finance.yahoo.com)
- Instructure Commemorates Ten Years, Opens Tenth Global Office (finance.yahoo.com)
- INST Stock Is Winning with Its Learning Management Platform (profitconfidential.com)
- Head to Head Contrast: Instructure (INST) & RingCentral (RNG) (americanbankingnews.com)
A number of research analysts recently commented on the stock. Needham & Company LLC downgraded shares of Instructure from a “strong-buy” rating to a “buy” rating and increased their price target for the company from $46.00 to $50.00 in a report on Wednesday. They noted that the move was a valuation call. Morgan Stanley set a $42.00 price target on shares of Instructure and gave the company a “buy” rating in a report on Tuesday, February 13th. William Blair reaffirmed a “market perform” rating on shares of Instructure in a report on Tuesday, February 13th. SunTrust Banks increased their price target on shares of Instructure to $47.00 and gave the company a “buy” rating in a report on Tuesday, February 13th. Finally, ValuEngine raised shares of Instructure from a “sell” rating to a “hold” rating in a report on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $42.33.
Instructure (NYSE:INST) last announced its quarterly earnings data on Monday, February 12th. The technology company reported ($0.27) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.29) by $0.02. The business had revenue of $43.80 million during the quarter, compared to the consensus estimate of $41.43 million. Instructure had a negative net margin of 31.37% and a negative return on equity of 827.22%. The firm’s quarterly revenue was up 39.0% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.35) earnings per share. equities analysts anticipate that Instructure will post -1.77 earnings per share for the current fiscal year.
In other news, COO Mitch Macfarlane sold 5,445 shares of Instructure stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $37.07, for a total transaction of $201,846.15. Following the completion of the sale, the chief operating officer now owns 50,526 shares of the company’s stock, valued at $1,872,998.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Matthew Kaminer sold 5,000 shares of Instructure stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $36.00, for a total transaction of $180,000.00. Following the sale, the senior vice president now directly owns 22,498 shares of the company’s stock, valued at approximately $809,928. The disclosure for this sale can be found here. In the last three months, insiders sold 41,945 shares of company stock valued at $1,624,866. 12.80% of the stock is owned by 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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