Instructure Inc (NYSE:INST) Receives $46.77 Average PT from Brokerages

Shares of Instructure Inc (NYSE:INST) have been assigned a consensus recommendation of “Hold” from the fifteen analysts that are covering the firm, MarketBeat reports. Eight research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $45.57.

A number of research firms recently weighed in on INST. Raymond James cut shares of Instructure from an “outperform” rating to a “market perform” rating and set a $45.20 target price on the stock. in a research note on Friday, July 12th. Barrington Research reiterated a “buy” rating and issued a $50.00 price target on shares of Instructure in a research note on Tuesday, April 23rd. Zacks Investment Research cut shares of Instructure from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th. Needham & Company LLC reiterated a “buy” rating and issued a $46.00 price target on shares of Instructure in a research note on Tuesday. Finally, TheStreet cut shares of Instructure from a “c” rating to a “d-” rating in a research note on Tuesday, April 30th.

Shares of INST traded up $0.44 during trading hours on Wednesday, reaching $39.69. 574,400 shares of the stock traded hands, compared to its average volume of 382,608. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.39 and a current ratio of 1.39. Instructure has a 52-week low of $29.48 and a 52-week high of $50.19. The company’s 50-day simple moving average is $41.61. The company has a market capitalization of $1.47 billion, a P/E ratio of -32.27 and a beta of 0.48.

Instructure (NYSE:INST) last released its earnings results on Monday, July 29th. The technology company reported ($0.58) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.65) by $0.07. Instructure had a negative net margin of 21.74% and a negative return on equity of 37.56%. The company had revenue of $62.87 million for the quarter, compared to analysts’ expectations of $62.07 million. During the same quarter in the previous year, the company earned ($0.24) EPS. Instructure’s revenue for the quarter was up 25.6% on a year-over-year basis. Equities research analysts expect that Instructure will post -2.26 earnings per share for the current fiscal year.

In other news, Director Joshua L. Coates sold 5,000 shares of the company’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $40.29, for a total transaction of $201,450.00. Following the sale, the director now directly owns 5,500 shares in the company, valued at approximately $221,595. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Daniel Tucker Goldsmith bought 2,500 shares of the firm’s stock in a transaction dated Tuesday, May 7th. The shares were acquired at an average price of $41.85 per share, for a total transaction of $104,625.00. Following the completion of the transaction, the chief executive officer now directly owns 7,379 shares in the company, valued at approximately $308,811.15. The disclosure for this purchase can be found here. In the last quarter, insiders sold 62,000 shares of company stock worth $2,612,410. Corporate insiders own 9.60% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. raised its position in shares of Instructure by 5.8% during the 4th quarter. BlackRock Inc. now owns 2,198,719 shares of the technology company’s stock valued at $82,474,000 after buying an additional 120,573 shares in the last quarter. TimesSquare Capital Management LLC raised its position in shares of Instructure by 43.7% during the 1st quarter. TimesSquare Capital Management LLC now owns 1,430,085 shares of the technology company’s stock valued at $67,386,000 after buying an additional 434,810 shares in the last quarter. Janus Henderson Group PLC grew its holdings in Instructure by 3.5% during the 2nd quarter. Janus Henderson Group PLC now owns 1,318,762 shares of the technology company’s stock valued at $56,047,000 after purchasing an additional 45,100 shares during the last quarter. FMR LLC grew its holdings in Instructure by 26.0% during the 1st quarter. FMR LLC now owns 1,285,554 shares of the technology company’s stock valued at $60,575,000 after purchasing an additional 265,620 shares during the last quarter. Finally, Formula Growth Ltd. grew its holdings in Instructure by 27.7% during the 1st quarter. Formula Growth Ltd. now owns 461,637 shares of the technology company’s stock valued at $21,752,000 after purchasing an additional 100,000 shares during the last quarter. Hedge funds and other institutional investors own 89.40% of the company’s stock.

Instructure Company Profile

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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