Instructure (INST) Price Target Increased to $43.00 by Analysts at Oppenheimer

Instructure (NYSE:INST) had its target price boosted by equities research analysts at Oppenheimer from $41.00 to $43.00 in a report issued on Tuesday. The brokerage currently has an “outperform” rating on the technology company’s stock. Oppenheimer’s price target would suggest a potential upside of 3.61% from the stock’s previous close.

Several other equities analysts have also commented on the stock. SunTrust Banks increased their price target on shares of Instructure to $47.00 and gave the company a “buy” rating in a research report on Tuesday. Morgan Stanley set a $42.00 price target on shares of Instructure and gave the company a “buy” rating in a research report on Tuesday. Needham & Company LLC increased their price target on shares of Instructure from $39.00 to $46.00 and gave the company a “strong-buy” rating in a research report on Tuesday. ValuEngine raised shares of Instructure from a “sell” rating to a “hold” rating in a research report on Friday, February 2nd. Finally, Zacks Investment Research cut shares of Instructure from a “hold” rating to a “sell” rating in a research report on Wednesday, January 31st. 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 issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $40.60.

Instructure (INST) traded up $4.15 during trading on Tuesday, reaching $41.50. 1,686,507 shares of the company were exchanged, compared to its average volume of 236,694. The company has a market cap of $1,110.00 and a price-to-earnings ratio of -23.58. Instructure has a twelve month low of $22.00 and a twelve month high of $43.80.

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

In related news, SVP Matthew Kaminer sold 5,000 shares of the stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $36.00, for a total value of $180,000.00. Following the completion of the transaction, the senior vice president now directly owns 22,498 shares in the company, valued at approximately $809,928. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Ellen Levy sold 9,000 shares of the stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $34.55, for a total transaction of $310,950.00. Following the completion of the transaction, the director now owns 17,562 shares of the company’s stock, valued at $606,767.10. The disclosure for this sale can be found here. Over the last quarter, insiders sold 44,445 shares of company stock valued at $1,594,596. 12.80% of the stock is owned by company insiders.

Large investors have recently added to or reduced their stakes in the business. Legal & General Group Plc increased its stake in Instructure by 54.6% during the 2nd quarter. Legal & General Group Plc now owns 4,076 shares of the technology company’s stock valued at $121,000 after purchasing an additional 1,440 shares in the last quarter. Oppenheimer Asset Management Inc. bought a new stake in Instructure during the 3rd quarter valued at about $213,000. Invictus RG bought a new stake in Instructure during the 4th quarter valued at about $273,000. Voya Investment Management LLC bought a new stake in Instructure during the 2nd quarter valued at about $275,000. Finally, California Public Employees Retirement System bought a new stake in Instructure during the 3rd quarter valued at about $351,000. Institutional investors and hedge funds own 78.93% of the company’s stock.

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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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