Instructure Inc (NYSE:INST) Receives Consensus Rating of “Buy” from Brokerages

Instructure Inc (NYSE:INST) has received a consensus rating of “Buy” from the fifteen research firms that are presently covering the firm, MarketBeat.com reports. Six 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 on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $47.97.

A number of brokerages recently weighed in on INST. Zacks Investment Research cut shares of Instructure from a “buy” rating to a “hold” rating in a research note on Friday, August 9th. William Blair reissued a “market perform” rating on shares of Instructure in a research note on Monday, August 12th. Raymond James lowered Instructure from an “outperform” rating to a “market perform” rating and set a $45.20 price objective for the company. in a research report on Friday, July 12th. ValuEngine upgraded Instructure from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, September 4th. Finally, CIBC upgraded Instructure from a “market perform” rating to an “outperform” rating and set a $56.00 price target for the company in a report on Monday, August 12th.

Shares of INST stock traded up $0.21 during mid-day trading on Thursday, reaching $39.23. 332,945 shares of the company were exchanged, compared to its average volume of 298,257. Instructure has a fifty-two week low of $29.48 and a fifty-two week high of $50.19. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.06 and a current ratio of 1.06. The company has a market capitalization of $1.45 billion, a P/E ratio of -31.89 and a beta of 0.45. The business’s 50 day simple moving average is $40.42 and its 200 day simple moving average is $42.74.

Instructure (NYSE:INST) last posted its earnings results on Monday, July 29th. The technology company reported ($0.58) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.65) by $0.07. The company had revenue of $62.87 million for the quarter, compared to analysts’ expectations of $62.07 million. Instructure had a negative return on equity of 41.15% and a negative net margin of 24.07%. The firm’s quarterly revenue was up 25.6% compared to the same quarter last year. During the same period last year, the business posted ($0.24) earnings per share. On average, analysts forecast that Instructure will post -2.25 EPS for the current year.

In other news, insider Matthew Kaminer sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, June 24th. The stock was sold at an average price of $40.73, for a total value of $81,460.00. Following the completion of the sale, the insider now directly owns 36,075 shares of the company’s stock, valued at $1,469,334.75. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Steven B. Kaminsky sold 20,000 shares of Instructure stock in a transaction that occurred on Monday, July 22nd. The stock was sold at an average price of $41.50, for a total value of $830,000.00. Following the sale, the chief financial officer now directly owns 181,617 shares of the company’s stock, valued at $7,537,105.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 79,000 shares of company stock valued at $3,299,860. 9.60% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently modified their holdings of the company. Ashburton Jersey Ltd bought a new position in shares of Instructure in the 2nd quarter valued at $27,000. Aperio Group LLC acquired a new stake in shares of Instructure during the 2nd quarter valued at $58,000. Ladenburg Thalmann Financial Services Inc. acquired a new position in Instructure during the 2nd quarter worth about $63,000. Cubist Systematic Strategies LLC acquired a new position in Instructure during the 2nd quarter worth about $87,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new position in Instructure during the 2nd quarter worth about $112,000. Institutional investors own 90.80% 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.

Further Reading: Purposes and Functions of the Federal Reserve

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.