Instructure Inc (INST) Given Average Recommendation of “Buy” by Brokerages

Instructure Inc (NYSE:INST) has been given a consensus rating of “Buy” by the thirteen brokerages that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $40.56.

A number of analysts recently issued reports on INST shares. ValuEngine raised Instructure from a “sell” rating to a “hold” rating in a research report on Friday, February 2nd. BidaskClub cut Instructure from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th. William Blair started coverage on Instructure in a research report on Thursday, October 26th. They set a “market perform” rating for the company. Zacks Investment Research cut Instructure from a “hold” rating to a “sell” rating in a research report on Wednesday, January 31st. Finally, Jefferies Group lifted their price objective on Instructure to $43.00 and gave the company a “buy” rating in a research report on Tuesday, October 31st.

In other Instructure news, COO Mitch Macfarlane sold 5,000 shares of the business’s stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of $34.00, for a total value of $170,000.00. Following the completion of the sale, the chief operating officer now owns 48,581 shares of the company’s stock, valued at $1,651,754. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Ellen Levy sold 9,000 shares of the business’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 sale, the director now directly owns 17,562 shares of the company’s stock, valued at approximately $606,767.10. The disclosure for this sale can be found here. Insiders sold 24,000 shares of company stock valued at $830,250 in the last ninety days. Insiders own 12.80% of the company’s stock.

Several large investors have recently made changes to their positions in the business. Alliancebernstein L.P. lifted its position in shares of Instructure by 7.6% in the second quarter. Alliancebernstein L.P. now owns 17,000 shares of the technology company’s stock worth $502,000 after buying an additional 1,200 shares during the last quarter. Legal & General Group Plc lifted its position in shares of Instructure by 54.6% in the second quarter. Legal & General Group Plc now owns 4,076 shares of the technology company’s stock worth $121,000 after buying an additional 1,440 shares during the last quarter. EAM Investors LLC lifted its position in shares of Instructure by 0.9% in the third quarter. EAM Investors LLC now owns 166,712 shares of the technology company’s stock worth $5,527,000 after buying an additional 1,486 shares during the last quarter. California Public Employees Retirement System lifted its position in shares of Instructure by 15.4% in the fourth quarter. California Public Employees Retirement System now owns 12,225 shares of the technology company’s stock worth $405,000 after buying an additional 1,627 shares during the last quarter. Finally, Swiss National Bank lifted its position in shares of Instructure by 10.6% in the fourth quarter. Swiss National Bank now owns 22,900 shares of the technology company’s stock worth $758,000 after buying an additional 2,200 shares during the last quarter. 78.93% of the stock is owned by institutional investors.

Shares of Instructure (NYSE INST) traded up $4.70 during mid-day trading on Tuesday, hitting $42.05. The stock had a trading volume of 1,344,698 shares, compared to its average volume of 224,055. Instructure has a twelve month low of $22.00 and a twelve month high of $43.80. The stock has a market capitalization of $1,110.00 and a P/E ratio of -23.84.

Instructure (NYSE:INST) last issued its quarterly earnings results on Monday, February 12th. The technology company reported ($0.27) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.29) by $0.02. The business had revenue of $43.80 million for the quarter, compared to the consensus estimate of $41.43 million. Instructure had a negative return on equity of 827.22% and a negative net margin of 34.82%. Instructure’s revenue for the quarter was up 39.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.35) earnings per share. sell-side analysts forecast that Instructure will post -1.75 EPS for the current fiscal year.

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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)

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