Several brokerages have updated their recommendations and price targets on shares of Instructure (NYSE: INST) in the last few weeks:

  • 8/5/2017 – Instructure was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 8/2/2017 – Instructure had its “outperform” rating reaffirmed by analysts at Oppenheimer Holdings, Inc.. They now have a $38.00 price target on the stock, up previously from $33.00.
  • 8/1/2017 – Instructure had its “outperform” rating reaffirmed by analysts at UBS AG. They now have a $38.00 price target on the stock, up previously from $33.00.
  • 8/1/2017 – Instructure had its price target raised by analysts at Jefferies Group LLC from $30.00 to $37.00. They now have a “buy” rating on the stock.
  • 7/27/2017 – Instructure had its price target raised by analysts at First Analysis from $34.00 to $38.00. They now have an “overweight” rating on the stock.
  • 7/27/2017 – Instructure had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $39.00 price target on the stock, up previously from $33.00.
  • 7/5/2017 – Instructure was downgraded by analysts at Zacks Investment Research from a “strong-buy” rating to a “hold” rating. According to Zacks, “Instructure, Inc. provides cloud-based online education technology. It develops Canvas, a learning management application 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. The company’s platform also provides data analytics that enable real-time reaction to information and benchmarking in order to personalize curricula and increase the efficacy of the learning process. Instructure, Inc. is based in Salt Lake City, Utah. “
  • 7/3/2017 – Instructure was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong-buy” rating. They now have a $34.00 price target on the stock. According to Zacks, “Instructure, Inc. provides cloud-based online education technology. It develops Canvas, a learning management application 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. The company’s platform also provides data analytics that enable real-time reaction to information and benchmarking in order to personalize curricula and increase the efficacy of the learning process. Instructure, Inc. is based in Salt Lake City, Utah. “
  • 6/26/2017 – Instructure is now covered by analysts at SunTrust Banks, Inc.. They set a “buy” rating and a $33.00 price target on the stock.
  • 6/23/2017 – Instructure had its “outperform” rating reaffirmed by analysts at Oppenheimer Holdings, Inc.. They now have a $33.00 price target on the stock, up previously from $30.00.

Shares of Instructure, Inc. (INST) traded up 2.01% on Monday, hitting $30.45. The stock had a trading volume of 201,163 shares. Instructure, Inc. has a 1-year low of $17.85 and a 1-year high of $34.10. The firm has a 50-day moving average of $29.23 and a 200 day moving average of $25.27. The company’s market capitalization is $885.79 million.

Instructure (NYSE:INST) last announced its earnings results on Monday, July 31st. The technology company reported ($0.46) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.50) by $0.04. Instructure had a negative net margin of 38.12% and a negative return on equity of 827.22%. The company had revenue of $38 million during the quarter, compared to analyst estimates of $37.09 million. During the same period in the previous year, the business earned ($0.44) earnings per share. The firm’s quarterly revenue was up 46.7% compared to the same quarter last year. On average, equities analysts anticipate that Instructure, Inc. will post ($1.24) earnings per share for the current fiscal year.

In related news, EVP Marc T. Maloy sold 2,000 shares of the company’s stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $29.11, for a total value of $58,220.00. Following the completion of the transaction, the executive vice president now directly owns 13,272 shares in the company, valued at $386,347.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Steven B. Kaminsky sold 10,000 shares of the company’s stock in a transaction on Thursday, July 13th. The stock was sold at an average price of $30.00, for a total transaction of $300,000.00. Following the completion of the transaction, the chief financial officer now owns 150,459 shares of the company’s stock, valued at $4,513,770. The disclosure for this sale can be found here. Insiders sold 22,000 shares of company stock valued at $658,340 over the last quarter. 12.80% of the stock is owned by company insiders.

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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