Instructure Inc (NYSE:INST) Given Average Recommendation of “Buy” by Analysts

Shares of Instructure Inc (NYSE:INST) have earned a consensus rating of “Buy” from the fifteen analysts that are currently covering the firm, Marketbeat reports. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $47.88.

Several equities research analysts recently issued reports on the stock. CIBC raised shares of Instructure from a “market perform” rating to an “outperform” rating and set a $56.00 price target on the stock in a research note on Monday, August 12th. Oppenheimer raised shares of Instructure from a “market perform” rating to an “outperform” rating and set a $56.00 price target on the stock in a research note on Monday, August 12th. Needham & Company LLC reaffirmed a “buy” rating and set a $46.00 price target on shares of Instructure in a research note on Tuesday, July 30th. Raymond James downgraded shares of Instructure from an “outperform” rating to a “market perform” rating and set a $45.20 price target on the stock. in a research note on Friday, July 12th. Finally, Zacks Investment Research downgraded shares of Instructure from a “buy” rating to a “hold” rating in a research note on Friday, August 9th.

In other Instructure news, CFO Steven B. Kaminsky sold 20,000 shares of the firm’s stock in a transaction on Monday, July 22nd. The shares were sold at an average price of $41.50, for a total transaction of $830,000.00. Following the completion of the transaction, the chief financial officer now directly owns 181,617 shares of the company’s stock, valued at approximately $7,537,105.50. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Joshua L. Coates sold 10,000 shares of the firm’s stock in a transaction on Monday, June 24th. The stock was sold at an average price of $40.71, for a total transaction of $407,100.00. Following the transaction, the director now directly owns 5,500 shares of the company’s stock, valued at $223,905. The disclosure for this sale can be found here. Over the last three months, insiders have sold 79,000 shares of company stock valued at $3,296,010. 9.60% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of INST. Nomura Holdings Inc. bought a new stake in shares of Instructure during the 2nd quarter worth about $10,887,000. Royal Bank of Canada raised its position in shares of Instructure by 1.3% during the 2nd quarter. Royal Bank of Canada now owns 27,796 shares of the technology company’s stock worth $1,181,000 after buying an additional 355 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. bought a new stake in shares of Instructure during the 2nd quarter worth about $63,000. Amundi Pioneer Asset Management Inc. raised its position in shares of Instructure by 159.6% during the 2nd quarter. Amundi Pioneer Asset Management Inc. now owns 39,919 shares of the technology company’s stock worth $1,696,000 after buying an additional 24,544 shares in the last quarter. Finally, United Services Automobile Association raised its position in shares of Instructure by 12.6% during the 2nd quarter. United Services Automobile Association now owns 4,930 shares of the technology company’s stock worth $210,000 after buying an additional 551 shares in the last quarter. 84.47% of the stock is owned by institutional investors and hedge funds.

Instructure stock traded down $0.88 during midday trading on Friday, hitting $41.92. 225,783 shares of the stock were exchanged, compared to its average volume of 457,738. Instructure has a 1 year low of $29.48 and a 1 year high of $50.19. The firm has a market cap of $1.59 billion, a P/E ratio of -34.08 and a beta of 0.47. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.06 and a quick ratio of 1.06. The company has a 50 day moving average price of $41.52 and a two-hundred day moving average price of $43.00.

Instructure (NYSE:INST) last released its quarterly earnings results on Monday, July 29th. The technology company reported ($0.58) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.65) by $0.07. Instructure had a negative net margin of 24.07% and a negative return on equity of 41.15%. The firm had revenue of $62.87 million for the quarter, compared to the consensus estimate of $62.07 million. During the same quarter in the previous year, the firm posted ($0.24) EPS. The firm’s quarterly revenue was up 25.6% on a year-over-year basis. As a group, analysts predict that Instructure will post -2.25 EPS for the current year.

About Instructure

Instructure, Inc provides applications for learning, assessment, and performance management through a software-as-a-service business model worldwide. It develops Canvas, a learning management platform for K–12 and higher education; and Bridge, an employee development and engagement platform. The company's applications enhance academic and corporate learning by providing a system of engagement for teachers and learners, enabling frequent and open interactions, a streamlined workflow, and the creation and sharing of content with anytime, anywhere access to information.

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Analyst Recommendations for Instructure (NYSE:INST)

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