Instructure Inc (INST) Receives Average Recommendation of “Buy” from Analysts

Shares of Instructure Inc (NYSE:INST) have received a consensus recommendation of “Buy” from the thirteen ratings firms that are currently covering the firm, Marketbeat reports. Four investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $37.89.

Several research analysts have commented on INST shares. Zacks Investment Research cut shares of Instructure from a “buy” rating to a “hold” rating in a report on Friday, November 10th. William Blair started coverage on shares of Instructure in a report on Thursday, October 26th. They set a “market perform” rating for the company. Macquarie started coverage on shares of Instructure in a report on Thursday, December 7th. They set an “outperform” rating and a $41.00 price target for the company. Oppenheimer restated a “buy” rating and set a $41.00 price target on shares of Instructure in a report on Wednesday, December 6th. Finally, BidaskClub cut shares of Instructure from a “buy” rating to a “hold” rating in a report on Saturday, October 28th.

In related news, Director Steven A. Collins sold 6,552 shares of the firm’s stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $34.50, for a total transaction of $226,044.00. Following the transaction, the director now owns 2,522 shares of the company’s stock, valued at $87,009. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Steven B. Kaminsky sold 12,500 shares of the firm’s stock in a transaction that occurred on Tuesday, October 24th. The shares were sold at an average price of $35.00, for a total transaction of $437,500.00. Following the transaction, the chief financial officer now directly owns 143,345 shares in the company, valued at approximately $5,017,075. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 57,867 shares of company stock valued at $1,997,495. 62.50% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Alliancebernstein L.P. raised its position in Instructure by 7.6% during the second quarter. Alliancebernstein L.P. now owns 17,000 shares of the technology company’s stock valued at $502,000 after acquiring an additional 1,200 shares in the last quarter. Legal & General Group Plc raised its position in Instructure by 54.6% during the second quarter. Legal & General Group Plc now owns 4,076 shares of the technology company’s stock valued at $121,000 after acquiring an additional 1,440 shares in the last quarter. EAM Investors LLC raised its position in Instructure by 0.9% during the third quarter. EAM Investors LLC now owns 166,712 shares of the technology company’s stock valued at $5,527,000 after acquiring an additional 1,486 shares in the last quarter. Highbridge Capital Management LLC raised its position in shares of Instructure by 26.0% in the third quarter. Highbridge Capital Management LLC now owns 12,986 shares of the technology company’s stock valued at $430,000 after purchasing an additional 2,682 shares during the period. Finally, Ameriprise Financial Inc. raised its position in shares of Instructure by 5.2% in the second quarter. Ameriprise Financial Inc. now owns 73,530 shares of the technology company’s stock valued at $2,169,000 after purchasing an additional 3,642 shares during the period. 78.99% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Instructure (INST) traded up $0.10 on Friday, hitting $33.80. 202,154 shares of the company’s stock traded hands, compared to its average volume of 148,335. Instructure has a one year low of $21.40 and a one year high of $36.60. The firm has a market capitalization of $1,010.00 and a PE ratio of -19.20.

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

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About Instructure

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)

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