FY2017 Earnings Forecast for Instructure, Inc. Issued By Jefferies Group (INST)

Instructure, Inc. (NYSE:INST) – Jefferies Group boosted their FY2017 EPS estimates for shares of Instructure in a research note issued to investors on Tuesday. Jefferies Group analyst J. Difucci now forecasts that the technology company will earn ($1.74) per share for the year, up from their previous estimate of ($1.76). Jefferies Group has a “Buy” rating and a $43.00 price objective on the stock. Jefferies Group also issued estimates for Instructure’s Q4 2017 earnings at ($0.42) EPS, Q1 2018 earnings at ($0.31) EPS, Q2 2018 earnings at ($0.38) EPS, Q3 2018 earnings at ($0.37) EPS, FY2018 earnings at ($1.45) EPS, Q1 2019 earnings at ($0.23) EPS, Q2 2019 earnings at ($0.28) EPS, Q3 2019 earnings at ($0.23) EPS and FY2019 earnings at ($1.03) EPS.

Instructure (NYSE:INST) last announced its quarterly earnings data on Monday, October 30th. The technology company reported ($0.27) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $42.95 million during the quarter, compared to analysts’ expectations of $40.57 million. During the same quarter in the prior year, the company posted ($0.34) EPS. The business’s revenue was up 42.5% on a year-over-year basis.

Several other research analysts also recently issued reports on the company. Zacks Investment Research raised Instructure from a “hold” rating to a “buy” rating and set a $33.00 price objective for the company in a research note on Tuesday, August 8th. Needham & Company LLC reaffirmed a “buy” rating and set a $39.00 price objective on shares of Instructure in a research report on Sunday, October 1st. BidaskClub lowered shares of Instructure from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 17th. Finally, Oppenheimer reissued a “buy” rating and set a $41.00 target price (up from $38.00) on shares of Instructure in a research note on Tuesday, October 31st. Four research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $37.44.

Shares of Instructure (INST) traded down $0.30 during midday trading on Friday, reaching $34.45. The company’s stock had a trading volume of 9,758 shares, compared to its average volume of 252,106. Instructure has a 12-month low of $18.80 and a 12-month high of $36.60.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Janus Henderson Group PLC acquired a new stake in Instructure in the second quarter valued at about $34,748,000. SQN Investors LP boosted its stake in Instructure by 89.3% during the 2nd quarter. SQN Investors LP now owns 1,343,919 shares of the technology company’s stock worth $39,646,000 after acquiring an additional 633,875 shares during the last quarter. Renaissance Technologies LLC boosted its stake in Instructure by 519.2% during the 2nd quarter. Renaissance Technologies LLC now owns 664,590 shares of the technology company’s stock worth $19,605,000 after acquiring an additional 557,255 shares during the last quarter. Allianz Asset Management GmbH raised its holdings in shares of Instructure by 269.1% in the third quarter. Allianz Asset Management GmbH now owns 430,868 shares of the technology company’s stock valued at $14,283,000 after purchasing an additional 314,120 shares during the last quarter. Finally, Whale Rock Capital Management LLC lifted its holdings in shares of Instructure by 27.6% in the 2nd quarter. Whale Rock Capital Management LLC now owns 1,418,086 shares of the technology company’s stock worth $41,834,000 after purchasing an additional 306,964 shares in the last quarter. Hedge funds and other institutional investors own 78.90% of the company’s stock.

In other news, EVP Marc T. Maloy sold 2,000 shares of the business’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $33.52, for a total value of $67,040.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Mitch Macfarlane sold 7,650 shares of the business’s stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of $30.12, for a total value of $230,418.00. Following the transaction, the chief operating officer now owns 12,298 shares in the company, valued at $370,415.76. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 61,517 shares of company stock valued at $2,086,223. Insiders own 12.80% of the company’s stock.

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About Instructure

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.

Earnings History and Estimates for Instructure (NYSE:INST)

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