Shares of Instructure Inc (NYSE:INST) have been given a consensus recommendation of “Strong Buy” by the six research firms that are covering the stock. Three equities research analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $27.83.
Several research analysts have weighed in on the company. Zacks Investment Research cut Instructure from a “hold” rating to a “sell” rating in a research report on Monday, February 13th. Needham & Company LLC reiterated a “strong-buy” rating and set a $28.00 price objective on shares of Instructure in a research report on Tuesday, February 7th. Raymond James Financial, Inc. upgraded Instructure from an “outperform” rating to a “strong-buy” rating and increased their price objective for the stock from $28.00 to $29.00 in a research report on Thursday, March 16th. Finally, Jefferies Group LLC reiterated a “buy” rating and set a $27.00 price objective on shares of Instructure in a research report on Tuesday, February 7th.
Instructure (NYSE:INST) traded up 0.44% during trading on Monday, reaching $22.75. 117,218 shares of the company’s stock traded hands. Instructure has a 12 month low of $16.55 and a 12 month high of $26.92. The company’s market capitalization is $651.97 million. The firm’s 50 day moving average is $23.32 and its 200-day moving average is $22.13.
Instructure (NYSE:INST) last posted its quarterly earnings results on Monday, February 6th. The technology company reported ($0.35) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.43) by $0.08. Instructure had a negative return on equity of 208.06% and a negative net margin of 48.31%. The business had revenue of $31.55 million for the quarter, compared to analysts’ expectations of $30.77 million. During the same quarter in the prior year, the business earned ($0.43) EPS. The firm’s revenue for the quarter was up 44.7% on a year-over-year basis. Analysts expect that Instructure will post ($1.31) EPS for the current fiscal year.
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In related news, Director Steven A. Collins sold 2,000 shares of the firm’s stock in a transaction dated Thursday, February 9th. The stock was sold at an average price of $23.56, for a total value of $47,120.00. Following the sale, the director now directly owns 2,000 shares of the company’s stock, valued at $47,120. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Epic Venture Fund Iv, Llc sold 417,000 shares of the firm’s stock in a transaction dated Wednesday, February 8th. The shares were sold at an average price of $23.04, for a total value of $9,607,680.00. The disclosure for this sale can be found here. Insiders sold 637,559 shares of company stock worth $14,534,499 over the last ninety days. 62.50% of the stock is currently owned by insiders.
A number of hedge funds have recently added to or reduced their stakes in INST. Ellington Management Group LLC purchased a new stake in shares of Instructure during the fourth quarter worth approximately $311,000. Eventide Asset Management LLC purchased a new stake in shares of Instructure during the fourth quarter worth approximately $13,099,000. Janus Capital Management LLC raised its stake in shares of Instructure by 45.2% in the fourth quarter. Janus Capital Management LLC now owns 1,071,368 shares of the technology company’s stock worth $20,945,000 after buying an additional 333,462 shares during the last quarter. A.R.T. Advisors LLC purchased a new stake in shares of Instructure during the fourth quarter worth approximately $424,000. Finally, Axiom International Investors LLC DE raised its stake in shares of Instructure by 42.5% in the fourth quarter. Axiom International Investors LLC DE now owns 77,556 shares of the technology company’s stock worth $1,516,000 after buying an additional 23,126 shares during the last quarter. 50.60% of the stock is currently owned by institutional investors and hedge funds.
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.
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