Instructure (NYSE:INST) Cut to Neutral at First Analysis

Instructure (NYSE:INST) was downgraded by analysts at First Analysis from an “outperform” rating to a “neutral” rating in a report released on Wednesday, The Fly reports.

INST has been the subject of a number of other research reports. Oppenheimer raised shares of Instructure from a “market perform” rating to an “outperform” rating and set a $56.00 price objective for the company in a research note on Monday, August 12th. Zacks Investment Research upgraded Instructure from a “hold” rating to a “buy” rating and set a $50.00 price target on the stock in a report on Friday, November 1st. William Blair reiterated a “market perform” rating on shares of Instructure in a report on Monday, August 12th. CIBC raised Instructure from a “market perform” rating to an “outperform” rating and set a $56.00 price target for the company in a research report on Monday, August 12th. Finally, ValuEngine upgraded Instructure from a “hold” rating to a “buy” rating in a research note on Friday, November 1st. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Instructure has a consensus rating of “Buy” and an average target price of $48.63.

Shares of NYSE INST traded down $4.62 during trading hours on Wednesday, reaching $48.34. The stock had a trading volume of 6,966,361 shares, compared to its average volume of 486,109. Instructure has a 52-week low of $33.47 and a 52-week high of $54.31. The firm has a market cap of $2.00 billion, a price-to-earnings ratio of -39.30 and a beta of 0.52. The business’s fifty day moving average price is $47.95 and its two-hundred day moving average price is $42.77. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.28.

Instructure (NYSE:INST) last released its quarterly earnings data on Monday, October 28th. The technology company reported ($0.11) earnings per share for the quarter, beating the consensus estimate of ($0.19) by $0.08. Instructure had a negative return on equity of 44.38% and a negative net margin of 26.64%. The firm had revenue of $68.30 million during the quarter, compared to the consensus estimate of $68.08 million. During the same period in the previous year, the company posted ($0.15) earnings per share. The firm’s quarterly revenue was up 23.5% on a year-over-year basis. Equities research analysts anticipate that Instructure will post -2.1 earnings per share for the current fiscal year.

In other news, CMO Marta Debellis sold 591 shares of the firm’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $53.18, for a total value of $31,429.38. Following the completion of the sale, the chief marketing officer now owns 1,526 shares of the company’s stock, valued at approximately $81,152.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Joshua L. Coates sold 15,308 shares of the business’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $52.98, for a total value of $811,017.84. Insiders have sold 188,398 shares of company stock valued at $9,056,108 in the last three months. 9.60% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in the business. Metropolitan Life Insurance Co NY grew its stake in shares of Instructure by 14.7% during the third quarter. Metropolitan Life Insurance Co NY now owns 11,731 shares of the technology company’s stock worth $454,000 after acquiring an additional 1,504 shares during the last quarter. Millennium Management LLC purchased a new position in shares of Instructure in the 3rd quarter valued at approximately $914,000. Squarepoint Ops LLC purchased a new position in shares of Instructure in the 3rd quarter valued at approximately $208,000. Barclays PLC raised its position in shares of Instructure by 13.0% in the 3rd quarter. Barclays PLC now owns 25,211 shares of the technology company’s stock valued at $976,000 after purchasing an additional 2,902 shares during the last quarter. Finally, California State Teachers Retirement System boosted its stake in Instructure by 2.6% in the 3rd quarter. California State Teachers Retirement System now owns 53,164 shares of the technology company’s stock worth $2,060,000 after purchasing an additional 1,354 shares in the last quarter. Institutional investors own 95.01% of the company’s stock.

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 KÂ-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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