Equities analysts expect Instructure Inc (NYSE:INST) to post sales of $55.84 million for the current quarter, according to Zacks. Six analysts have issued estimates for Instructure’s earnings. The lowest sales estimate is $55.70 million and the highest is $56.05 million. Instructure posted sales of $43.84 million during the same quarter last year, which suggests a positive year-over-year growth rate of 27.4%. The business is expected to announce its next earnings results on Monday, February 11th.
On average, analysts expect that Instructure will report full-year sales of $209.13 million for the current fiscal year, with estimates ranging from $209.00 million to $209.34 million. For the next year, analysts forecast that the firm will report sales of $259.51 million, with estimates ranging from $252.53 million to $266.58 million. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Instructure.
Instructure (NYSE:INST) last issued its quarterly earnings results on Monday, October 29th. The technology company reported ($0.15) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.41) by $0.26. The firm had revenue of $55.24 million during the quarter, compared to the consensus estimate of $53.93 million. Instructure had a negative return on equity of 49.49% and a negative net margin of 24.15%. The company’s revenue for the quarter was up 27.9% on a year-over-year basis. During the same quarter last year, the company posted ($0.24) EPS.
INST has been the subject of a number of research analyst reports. Raymond James dropped their price target on Instructure from $55.00 to $50.00 and set a “strong-buy” rating for the company in a research report on Wednesday, October 3rd. Zacks Investment Research downgraded Instructure from a “hold” rating to a “sell” rating in a research report on Saturday, October 6th. Barrington Research reiterated a “buy” rating and set a $50.00 price target on shares of Instructure in a research report on Tuesday, October 16th. Morgan Stanley dropped their price target on Instructure from $50.00 to $45.00 and set a “buy” rating for the company in a research report on Tuesday, October 30th. Finally, Citigroup dropped their price target on Instructure from $55.00 to $50.00 and set a “buy” rating for the company in a research report on Wednesday, October 31st. Seven equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. Instructure currently has an average rating of “Buy” and an average target price of $46.18.
Shares of INST traded down $0.28 during trading hours on Friday, reaching $40.51. 150,300 shares of the company’s stock traded hands, compared to its average volume of 354,100. The company has a market cap of $1.43 billion, a PE ratio of -23.55 and a beta of 0.51. Instructure has a 12 month low of $29.48 and a 12 month high of $49.17.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. NumerixS Investment Technologies Inc purchased a new position in shares of Instructure during the 2nd quarter valued at about $103,000. Great West Life Assurance Co. Can raised its holdings in shares of Instructure by 121.5% during the 2nd quarter. Great West Life Assurance Co. Can now owns 3,101 shares of the technology company’s stock valued at $132,000 after buying an additional 1,701 shares in the last quarter. Point72 Hong Kong Ltd purchased a new position in shares of Instructure during the 3rd quarter valued at about $162,000. Public Employees Retirement Association of Colorado purchased a new position in shares of Instructure during the 3rd quarter valued at about $200,000. Finally, Virtu Financial LLC purchased a new position in shares of Instructure during the 3rd quarter valued at about $231,000. 84.88% of the stock is currently owned by institutional investors.
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 K12 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 K12 schools.
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