Analysts at Macquarie assumed coverage on shares of Instructure (NYSE:INST) in a research note issued to investors on Thursday. The brokerage set an “outperform” rating and a $41.00 price target on the technology company’s stock. Macquarie’s price objective points to a potential upside of 25.57% from the company’s current price.

Several other research analysts have also commented on the company. Zacks Investment Research lowered Instructure from a “buy” rating to a “hold” rating in a research report on Friday, November 10th. William Blair initiated coverage on Instructure in a research report on Thursday, October 26th. They issued a “market perform” rating for the company. Morgan Stanley raised Instructure from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $35.00 to $39.00 in a research report on Monday, September 18th. BidaskClub lowered Instructure from a “buy” rating to a “hold” rating in a research report on Saturday, October 28th. Finally, Jefferies Group boosted their price target on Instructure to $43.00 and gave the stock a “buy” rating in a research report on Tuesday, October 31st. Three equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $38.00.

Instructure (INST) opened at $32.65 on Thursday. Instructure has a 1-year low of $18.80 and a 1-year high of $36.60.

Instructure (NYSE:INST) last issued its earnings results on Monday, October 30th. The technology company reported ($0.27) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.31) by $0.04. The business had revenue of $42.95 million during the quarter, compared to analyst estimates of $40.57 million. Instructure had a negative return on equity of 827.22% and a negative net margin of 34.82%. Instructure’s revenue was up 42.5% on a year-over-year basis. During the same period in the previous year, the company posted ($0.34) EPS. sell-side analysts forecast that Instructure will post -1.75 EPS for the current year.

In related news, Director Ellen Levy sold 9,000 shares of the company’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $34.55, for a total value of $310,950.00. Following the completion of the transaction, the director now owns 17,562 shares of the company’s stock, valued at approximately $606,767.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Marc T. Maloy sold 2,000 shares of the company’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $33.52, for a total value of $67,040.00. The disclosure for this sale can be found here. Insiders sold 62,867 shares of company stock worth $2,166,755 in the last 90 days. Company insiders own 62.50% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. increased its holdings in shares of Instructure by 9.2% in the third quarter. JPMorgan Chase & Co. now owns 2,619,726 shares of the technology company’s stock valued at $85,403,000 after purchasing an additional 220,778 shares during the last quarter. Whale Rock Capital Management LLC raised its stake in shares of Instructure by 27.6% in the second quarter. Whale Rock Capital Management LLC now owns 1,418,086 shares of the technology company’s stock valued at $41,834,000 after acquiring an additional 306,964 shares in the last quarter. SQN Investors LP raised its stake in Instructure by 89.3% in the second quarter. SQN Investors LP now owns 1,343,919 shares of the technology company’s stock valued at $39,646,000 after buying an additional 633,875 shares in the last quarter. Janus Henderson Group PLC raised its stake in Instructure by 0.4% in the third quarter. Janus Henderson Group PLC now owns 1,182,196 shares of the technology company’s stock valued at $39,190,000 after buying an additional 4,282 shares in the last quarter. Finally, FMR LLC raised its stake in Instructure by 45.9% in the second quarter. FMR LLC now owns 875,150 shares of the technology company’s stock valued at $25,817,000 after buying an additional 275,150 shares in the last quarter. 78.99% of the stock is owned by institutional investors.

COPYRIGHT VIOLATION WARNING: “Instructure (INST) Coverage Initiated by Analysts at Macquarie” was originally posted by American Banking News and is owned by of American Banking News. If you are accessing this news story on another website, it was illegally copied and republished in violation of US and international trademark and copyright legislation. The legal version of this news story can be viewed at https://www.americanbankingnews.com/2017/12/07/instructure-inst-coverage-initiated-by-analysts-at-macquarie.html.

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.

Analyst Recommendations for Instructure (NYSE:INST)

Receive News & Ratings for Instructure Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Instructure Inc. and related companies with MarketBeat.com's FREE daily email newsletter.