Zacks: Analysts Expect Instructure Inc (INST) Will Announce Earnings of -$0.28 Per Share

Equities analysts expect that Instructure Inc (NYSE:INST) will report ($0.28) earnings per share (EPS) for the current quarter, according to Zacks. Six analysts have made estimates for Instructure’s earnings, with estimates ranging from ($0.29) to ($0.27). Instructure reported earnings of ($0.35) per share during the same quarter last year, which indicates a positive year over year growth rate of 20%. The firm is scheduled to announce its next quarterly earnings report after the market closes on Monday, February 12th.

On average, analysts expect that Instructure will report full year earnings of ($1.20) per share for the current year, with EPS estimates ranging from ($1.21) to ($1.19). For the next year, analysts expect that the company will report earnings of ($0.89) per share, with EPS estimates ranging from ($1.05) to ($0.78). Zacks’ EPS averages are an average based on a survey of sell-side analysts that follow Instructure.

A number of equities research analysts recently weighed in on the company. ValuEngine raised Instructure from a “sell” rating to a “hold” rating in a research report on Friday, February 2nd. Zacks Investment Research downgraded Instructure from a “hold” rating to a “sell” rating in a report on Wednesday, January 31st. William Blair initiated coverage on Instructure in a report on Thursday, October 26th. They set a “market perform” rating on the stock. BidaskClub downgraded Instructure from a “strong-buy” rating to a “buy” rating in a report on Tuesday, October 17th. Finally, Oppenheimer reaffirmed a “buy” rating and set a $41.00 price objective (up from $38.00) on shares of Instructure in a report on Tuesday, October 31st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. Instructure presently has an average rating of “Buy” and an average target price of $38.00.

In other news, Director Ellen Levy sold 9,000 shares of Instructure stock in a transaction that occurred 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 completion of the transaction, the director now owns 17,562 shares in the company, valued at $606,767.10. The transaction was disclosed in a 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 completion of the transaction, the senior vice president now owns 22,498 shares of the company’s stock, valued at approximately $809,928. The disclosure for this sale can be found here. Insiders have sold 24,000 shares of company stock worth $830,250 over the last ninety days. Company insiders own 12.80% of the company’s stock.

Several large investors have recently bought and sold shares of the company. Legal & General Group Plc raised its position in Instructure by 54.6% in the 2nd quarter. Legal & General Group Plc now owns 4,076 shares of the technology company’s stock worth $121,000 after purchasing an additional 1,440 shares during the last quarter. Tower Research Capital LLC TRC bought a new position in Instructure in the 2nd quarter worth approximately $184,000. Oppenheimer Asset Management Inc. bought a new position in Instructure in the 3rd quarter worth approximately $213,000. Voya Investment Management LLC bought a new position in Instructure in the 2nd quarter worth approximately $275,000. Finally, California Public Employees Retirement System bought a new position in Instructure in the 3rd quarter worth approximately $351,000. Institutional investors own 78.77% of the company’s stock.

Instructure (NYSE:INST) traded up $0.35 during mid-day trading on Wednesday, reaching $36.50. The company had a trading volume of 71,224 shares, compared to its average volume of 157,259. Instructure has a fifty-two week low of $22.00 and a fifty-two week high of $36.74. The firm has a market capitalization of $1,071.91, a P/E ratio of -20.68 and a beta of 1.70.

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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.

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Earnings History and Estimates for Instructure (NYSE:INST)

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