Instructure (NYSE:INST) was downgraded by research analysts at Raymond James from an “outperform” rating to a “market perform” rating in a research report issued on Friday, The Fly reports.
A number of other brokerages have also commented on INST. TheStreet lowered shares of UDR from a “b” rating to a “c” rating in a research note on Tuesday, April 30th. Barrington Research set a $110.00 price target on shares of Woodward, Inc.Common Stock and gave the company a “buy” rating in a research note on Tuesday, April 23rd. ValuEngine lowered shares of Yara International ASA from a “hold” rating to a “sell” rating in a research note on Wednesday, March 27th. Finally, Zacks Investment Research lowered shares of ExlService from a “hold” rating to a “sell” rating in a research note on Wednesday. Eight investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $46.46.
Shares of INST opened at $45.20 on Friday. Instructure has a 52 week low of $29.48 and a 52 week high of $50.19. The firm has a market cap of $1.65 billion, a price-to-earnings ratio of -36.75 and a beta of 0.47. The firm has a 50-day moving average of $41.84. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.39 and a current ratio of 1.39.
Instructure (NYSE:INST) last announced its quarterly earnings results on Monday, April 29th. The technology company reported ($0.50) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.46) by ($0.04). Instructure had a negative net margin of 21.74% and a negative return on equity of 37.56%. The company had revenue of $58.10 million during the quarter, compared to analyst estimates of $57.24 million. During the same quarter last year, the company posted ($0.21) EPS. The firm’s quarterly revenue was up 21.0% on a year-over-year basis. Analysts anticipate that Instructure will post -2.26 earnings per share for the current year.
In related news, CEO Daniel Tucker Goldsmith acquired 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, May 7th. The stock was acquired at an average price of $41.85 per share, with a total value of $104,625.00. Following the purchase, the chief executive officer now directly owns 7,379 shares in the company, valued at $308,811.15. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Joshua L. Coates sold 5,000 shares of the stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $40.29, for a total transaction of $201,450.00. Following the completion of the transaction, the director now directly owns 5,500 shares of the company’s stock, valued at approximately $221,595. The disclosure for this sale can be found here. In the last three months, insiders sold 44,887 shares of company stock valued at $1,945,387. 9.60% of the stock is owned by insiders.
A number of large investors have recently modified their holdings of the stock. Nine Ten Capital Management LLC raised its stake in shares of Instructure by 3.5% during the fourth quarter. Nine Ten Capital Management LLC now owns 3,219,920 shares of the technology company’s stock valued at $120,779,000 after acquiring an additional 108,433 shares during the last quarter. BlackRock Inc. raised its stake in shares of Instructure by 5.8% during the fourth quarter. BlackRock Inc. now owns 2,198,719 shares of the technology company’s stock valued at $82,474,000 after acquiring an additional 120,573 shares during the last quarter. TimesSquare Capital Management LLC raised its stake in shares of Instructure by 43.7% during the first quarter. TimesSquare Capital Management LLC now owns 1,430,085 shares of the technology company’s stock valued at $67,386,000 after acquiring an additional 434,810 shares during the last quarter. FMR LLC raised its stake in shares of Instructure by 26.0% during the first quarter. FMR LLC now owns 1,285,554 shares of the technology company’s stock valued at $60,575,000 after acquiring an additional 265,620 shares during the last quarter. Finally, Janus Henderson Group PLC raised its stake in shares of Instructure by 12.4% during the first quarter. Janus Henderson Group PLC now owns 1,273,662 shares of the technology company’s stock valued at $60,015,000 after acquiring an additional 140,714 shares during the last quarter. 89.42% of the stock is owned by institutional investors and hedge funds.
Instructure Company Profile
Instructure, Inc provides applications for learning, assessment, and performance management through a software-as-a-service business model worldwide. It develops Canvas, a learning management platform for KÂ12 and higher education; and Bridge, an employee development and engagement platform. The company's applications enhance academic and corporate learning by providing a system of engagement for teachers and learners, enabling frequent and open interactions, a streamlined workflow, and the creation and sharing of content with anytime, anywhere access to information.
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