Instructure (NYSE:INST) issued an update on its first quarter earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of ($0.24)-($0.22) for the period, compared to the Thomson Reuters consensus estimate of ($0.26). The company issued revenue guidance of $46.8-$47.4 million, compared to the consensus revenue estimate of $44.13 million.Instructure also updated its FY18 guidance to ($1.03)-($0.97) EPS.
Shares of Instructure (INST) traded up $0.60 during mid-day trading on Monday, hitting $37.35. The stock had a trading volume of 470,994 shares, compared to its average volume of 186,703. The firm has a market capitalization of $1,120.00 and a price-to-earnings ratio of -21.22. Instructure has a fifty-two week low of $22.00 and a fifty-two week high of $38.05.
INST has been the topic of a number of research reports. Zacks Investment Research raised Instructure from a hold rating to a buy rating and set a $39.00 price objective on the stock in a report on Friday, December 1st. BidaskClub lowered Instructure from a buy rating to a hold rating in a report on Saturday, October 28th. Macquarie initiated coverage on Instructure in a report on Thursday, December 7th. They issued an outperform rating and a $41.00 price objective on the stock. ValuEngine raised Instructure from a sell rating to a hold rating in a report on Sunday, December 31st. Finally, Oppenheimer reaffirmed a buy rating and set a $41.00 target price on shares of Instructure in a report on Wednesday, December 6th. One analyst has rated the stock with a sell rating, three have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of Buy and an average target price of $38.00.
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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