SunTrust Banks Increases Instructure (INST) Price Target to $47.00

Instructure (NYSE:INST) had its price objective boosted by investment analysts at SunTrust Banks to $47.00 in a report released on Tuesday, The Fly reports. The firm currently has a “buy” rating on the technology company’s stock. SunTrust Banks’ price target suggests a potential upside of 25.84% from the stock’s current price.

INST has been the topic of a number of other research reports. Zacks Investment Research raised Instructure from a “hold” rating to a “buy” rating and set a $39.00 price objective on the stock in a report on Friday, December 1st. BidaskClub lowered Instructure from a “buy” rating to a “hold” rating in a report on Saturday, October 28th. Macquarie initiated coverage on Instructure in a report on Thursday, December 7th. They set an “outperform” rating and a $41.00 price objective on the stock. ValuEngine raised Instructure from a “sell” rating to a “hold” rating in a report on Sunday, December 31st. Finally, Oppenheimer reissued a “buy” rating and set a $41.00 price objective on shares of Instructure in a report on Wednesday, December 6th. One analyst has rated the stock with a sell rating, three have issued a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $40.40.

Instructure (NYSE INST) opened at $37.35 on Tuesday. The company has a market capitalization of $1,110.00 and a PE ratio of -21.22. Instructure has a fifty-two week low of $22.00 and a fifty-two week high of $38.05.

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

In other Instructure news, Director Ellen Levy sold 9,000 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, 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 Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Matthew Kaminer sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $36.00, for a total value of $180,000.00. Following the completion of the sale, the senior vice president now owns 22,498 shares of the company’s stock, valued at approximately $809,928. The disclosure for this sale can be found here. Insiders sold a total of 24,000 shares of company stock worth $830,250 in the last ninety days. Insiders own 12.80% of the company’s stock.

Hedge funds have recently made changes to their positions in the business. Legal & General Group Plc lifted its position 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 worth $121,000 after acquiring an additional 1,440 shares during the period. Oppenheimer Asset Management Inc. bought a new stake in shares of Instructure in the 3rd quarter worth approximately $213,000. Voya Investment Management LLC bought a new stake in shares of Instructure in the 2nd quarter worth approximately $275,000. California Public Employees Retirement System bought a new stake in shares of Instructure in the 3rd quarter worth approximately $351,000. Finally, Nationwide Fund Advisors lifted its position in shares of Instructure by 98.7% in 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 period. Institutional investors own 78.93% of the company’s stock.

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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.

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