Morgan Stanley Boosts Instructure (INST) Price Target to $42.00

Instructure (NYSE:INST) had its price target raised by investment analysts at Morgan Stanley from $39.00 to $42.00 in a report issued on Tuesday. The firm presently has an “overweight” rating on the technology company’s stock. Morgan Stanley’s target price would indicate a potential downside of 1.75% from the stock’s current price.

A number of other equities analysts have also commented on the company. Zacks Investment Research lowered Instructure from a “buy” rating to a “hold” rating in a research note on Friday, November 10th. Macquarie initiated coverage on Instructure in a research note on Thursday, December 7th. They set an “outperform” rating and a $41.00 price objective on the stock. William Blair initiated coverage on Instructure in a research note on Thursday, October 26th. They set a “market perform” rating on the stock. ValuEngine upgraded Instructure from a “sell” rating to a “hold” rating in a research note on Sunday, December 31st. Finally, Oppenheimer restated a “buy” rating and set a $41.00 price objective on shares of Instructure in a research note on Wednesday, December 6th. One analyst has rated the stock with a sell rating, three have issued a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $40.40.

Shares of Instructure (NYSE:INST) opened at $42.75 on Tuesday. The firm has a market capitalization of $1,110.00 and a P/E ratio of -21.22. Instructure has a fifty-two week low of $22.00 and a fifty-two week high of $43.30.

Instructure (NYSE:INST) last posted its quarterly earnings data on Monday, February 5th. The technology company reported ($0.27) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.29) by $0.02. Instructure had a negative return on equity of 827.22% and a negative net margin of 34.82%. The firm had revenue of $43.80 million for the quarter, compared to analyst estimates of $41.43 million. During the same quarter last year, the company earned ($0.35) EPS. The company’s revenue was up 39.0% on a year-over-year basis. equities research analysts anticipate that Instructure will post -1.75 EPS for the current year.

In other news, Director Ellen Levy sold 9,000 shares of Instructure stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $34.55, for a total value of $310,950.00. Following the transaction, the director now owns 17,562 shares in the company, valued at approximately $606,767.10. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Matthew Kaminer sold 5,000 shares of Instructure stock in a transaction on 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 owns 22,498 shares in the company, valued at approximately $809,928. The disclosure for this sale can be found here. In the last quarter, insiders sold 24,000 shares of company stock worth $830,250. Corporate insiders own 12.80% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of INST. Legal & General Group Plc increased its stake in shares of Instructure by 54.6% in 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 during the last quarter. Oppenheimer Asset Management Inc. bought a new position in shares of Instructure in the 3rd quarter valued at $213,000. Voya Investment Management LLC bought a new position in shares of Instructure in the 2nd quarter valued at $275,000. California Public Employees Retirement System bought a new stake in Instructure during the 3rd quarter worth $351,000. Finally, Nationwide Fund Advisors grew its position in Instructure by 98.7% during the 2nd quarter. Nationwide Fund Advisors now owns 12,035 shares of the technology company’s stock worth $355,000 after acquiring an additional 5,979 shares during the last quarter. Institutional investors 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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