Instructure (INST) Lifted to Hold at ValuEngine

Instructure (NYSE:INST) was upgraded by research analysts at ValuEngine from a “sell” rating to a “hold” rating in a note issued to investors on Sunday.

A number of other research analysts have also recently weighed in on INST. Morgan Stanley raised shares of Instructure from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $35.00 to $39.00 in a research report on Monday, September 18th. Needham & Company LLC reaffirmed a “buy” rating and set a $39.00 price target on shares of Instructure in a research report on Sunday, October 1st. Zacks Investment Research cut shares of Instructure from a “buy” rating to a “hold” rating in a research report on Wednesday, October 4th. BidaskClub raised shares of Instructure from a “buy” rating to a “strong-buy” rating in a research report on Friday, October 6th. Finally, Oppenheimer reaffirmed a “buy” rating and set a $38.00 price target on shares of Instructure in a research report on Thursday, October 12th. Four investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $38.00.

Shares of Instructure (NYSE:INST) opened at $33.10 on Friday. Instructure has a 12-month low of $19.25 and a 12-month high of $36.60. The stock has a market cap of $985.55, a P/E ratio of -18.70 and a beta of 1.77.

Instructure (NYSE:INST) last released its earnings results on Monday, October 30th. The technology company reported ($0.27) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.31) by $0.04. The business had revenue of $42.95 million for the quarter, compared to analysts’ expectations of $40.57 million. Instructure had a negative net margin of 34.82% and a negative return on equity of 827.22%. The company’s quarterly revenue was up 42.5% on a year-over-year basis. During the same period last year, the company earned ($0.34) earnings per share. research analysts anticipate that Instructure will post -1.75 EPS for the current fiscal year.

In other news, Director William M. Conroy sold 8,000 shares of Instructure stock in a transaction that occurred on Monday, October 16th. The shares were sold at an average price of $33.94, for a total transaction of $271,520.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, COO Mitch Macfarlane sold 19,815 shares of Instructure stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $34.32, for a total transaction of $680,050.80. Following the sale, the chief operating officer now owns 11,964 shares in the company, valued at approximately $410,604.48. The disclosure for this sale can be found here. Insiders have sold 65,867 shares of company stock worth $2,269,015 in the last quarter. Insiders own 62.50% of the company’s stock.

Several large investors have recently modified their holdings of the stock. Russell Investments Group Ltd. increased its stake in shares of Instructure by 2.1% in the second quarter. Russell Investments Group Ltd. now owns 19,555 shares of the technology company’s stock worth $577,000 after buying an additional 410 shares during the last quarter. Schwab Charles Investment Management Inc. increased its stake in shares of Instructure by 3.5% in the first quarter. Schwab Charles Investment Management Inc. now owns 25,367 shares of the technology company’s stock worth $594,000 after buying an additional 855 shares during the last quarter. Alliancebernstein L.P. increased its stake in shares of Instructure by 7.6% in the second quarter. Alliancebernstein L.P. now owns 17,000 shares of the technology company’s stock worth $502,000 after buying an additional 1,200 shares during the last quarter. Keybank National Association OH increased its stake in shares of Instructure by 6.1% in the second quarter. Keybank National Association OH now owns 21,490 shares of the technology company’s stock worth $634,000 after buying an additional 1,238 shares during the last quarter. Finally, Legal & General Group Plc increased its stake in shares of Instructure by 54.6% in the second quarter. Legal & General Group Plc now owns 4,076 shares of the technology company’s stock worth $121,000 after buying an additional 1,440 shares during the last quarter. Institutional investors and hedge funds own 78.99% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “Instructure (INST) Lifted to Hold at ValuEngine” was first published by Chaffey Breeze and is owned by of Chaffey Breeze. If you are reading this piece on another domain, it was illegally copied and republished in violation of international trademark and copyright legislation. The legal version of this piece can be viewed at https://www.chaffeybreeze.com/2018/01/01/instructure-inst-lifted-to-hold-at-valuengine.html.

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.

Analyst Recommendations for Instructure (NYSE:INST)

Receive News & Ratings for Instructure Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Instructure and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply