Shares of Instructure Inc (NYSE:INST) have received an average recommendation of “Buy” from the fourteen research firms that are currently covering the stock, MarketBeat reports. Six analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $48.19.
Several equities analysts have commented on the stock. Raymond James lowered shares of Instructure from an “outperform” rating to a “market perform” rating and set a $45.20 price objective for the company. in a research report on Friday, July 12th. Needham & Company LLC lowered shares of Instructure from a “buy” rating to a “hold” rating in a research report on Tuesday, October 29th. CIBC upgraded shares of Instructure from a “market perform” rating to an “outperform” rating and set a $56.00 price objective for the company in a research report on Monday, August 12th. Zacks Investment Research upgraded shares of Instructure from a “hold” rating to a “buy” rating and set a $50.00 price objective for the company in a research report on Friday, November 1st. Finally, William Blair reiterated a “market perform” rating on shares of Instructure in a research report on Monday, August 12th.
In other news, insider Matthew Kaminer sold 5,000 shares of Instructure stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $47.50, for a total value of $237,500.00. Following the transaction, the insider now owns 46,901 shares of the company’s stock, valued at approximately $2,227,797.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Joshua L. Coates sold 10,758 shares of Instructure stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $47.47, for a total transaction of $510,682.26. Following the completion of the transaction, the director now directly owns 5,500 shares in the company, valued at approximately $261,085. The disclosure for this sale can be found here. Insiders have sold a total of 98,734 shares of company stock worth $4,394,699 in the last three months. Insiders own 9.60% of the company’s stock.
Institutional investors have recently modified their holdings of the company. Ashburton Jersey Ltd purchased a new position in shares of Instructure in the 2nd quarter worth approximately $27,000. Aperio Group LLC acquired a new stake in Instructure during the 2nd quarter valued at approximately $58,000. Ladenburg Thalmann Financial Services Inc. acquired a new stake in Instructure during the 2nd quarter valued at approximately $63,000. Cubist Systematic Strategies LLC acquired a new stake in Instructure during the 2nd quarter valued at approximately $87,000. Finally, Russell Investments Group Ltd. lifted its stake in Instructure by 100.0% during the 3rd quarter. Russell Investments Group Ltd. now owns 2,040 shares of the technology company’s stock valued at $79,000 after acquiring an additional 1,020 shares during the period. 91.00% of the stock is currently owned by hedge funds and other institutional investors.
INST stock traded up $0.32 during midday trading on Friday, reaching $47.67. 34,616 shares of the company’s stock traded hands, compared to its average volume of 576,022. Instructure has a 52-week low of $33.47 and a 52-week high of $50.19. The stock has a market cap of $1.75 billion, a P/E ratio of -38.72 and a beta of 0.47. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.28. The stock’s 50-day moving average is $41.66 and its 200 day moving average is $41.77.
Instructure (NYSE:INST) last announced its earnings results on Monday, October 28th. The technology company reported ($0.11) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.19) by $0.08. Instructure had a negative net margin of 26.64% and a negative return on equity of 44.38%. The business had revenue of $68.30 million during the quarter, compared to analysts’ expectations of $68.08 million. During the same period in the prior year, the company earned ($0.15) earnings per share. The firm’s revenue was up 23.5% on a year-over-year basis. As a group, research analysts expect that Instructure will post -2.1 EPS for the current fiscal year.
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 KÂ-12 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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