Instructure Inc (INST) Receives $46.60 Average Price Target from Brokerages

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Instructure Inc (NYSE:INST) has been assigned a consensus recommendation of “Buy” from the fifteen brokerages that are covering the firm, MarketBeat.com reports. Seven investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $46.60.

INST has been the topic of several research reports. Barrington Research reissued a “buy” rating and set a $50.00 price target on shares of Instructure in a research note on Tuesday, October 16th. Zacks Investment Research upgraded shares of Instructure from a “hold” rating to a “buy” rating and set a $41.00 target price on the stock in a report on Wednesday, November 28th. Morgan Stanley cut their target price on shares of Instructure from $50.00 to $45.00 and set a “buy” rating on the stock in a report on Tuesday, October 30th. Raymond James cut their target price on shares of Instructure from $50.00 to $45.00 and set a “strong-buy” rating on the stock in a report on Tuesday, October 30th. Finally, ValuEngine cut shares of Instructure from a “buy” rating to a “hold” rating in a report on Thursday, November 1st.

Shares of INST stock traded down $0.28 during trading hours on Friday, hitting $40.51. 150,313 shares of the company’s stock were exchanged, compared to its average volume of 354,100. The company has a market capitalization of $1.43 billion, a PE ratio of -23.55 and a beta of 0.51. Instructure has a 12-month low of $29.48 and a 12-month high of $49.17.

Instructure (NYSE:INST) last posted its quarterly earnings results on Monday, October 29th. The technology company reported ($0.15) EPS for the quarter, topping the consensus estimate of ($0.41) by $0.26. The firm had revenue of $55.24 million for the quarter, compared to the consensus estimate of $53.93 million. Instructure had a negative net margin of 24.15% and a negative return on equity of 49.49%. The business’s revenue was up 27.9% compared to the same quarter last year. During the same period last year, the firm posted ($0.24) earnings per share. As a group, equities analysts forecast that Instructure will post -1.4 EPS for the current fiscal year.

A number of large investors have recently added to or reduced their stakes in INST. Rhumbline Advisers boosted its holdings in Instructure by 49.6% in the second quarter. Rhumbline Advisers now owns 30,258 shares of the technology company’s stock valued at $1,287,000 after acquiring an additional 10,029 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Instructure by 2.7% in the second quarter. Bank of New York Mellon Corp now owns 123,394 shares of the technology company’s stock valued at $5,250,000 after acquiring an additional 3,235 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in Instructure by 21.3% in the second quarter. Schwab Charles Investment Management Inc. now owns 155,458 shares of the technology company’s stock valued at $6,615,000 after acquiring an additional 27,296 shares in the last quarter. BlackRock Inc. boosted its holdings in Instructure by 45.9% in the second quarter. BlackRock Inc. now owns 2,048,534 shares of the technology company’s stock valued at $87,166,000 after acquiring an additional 644,946 shares in the last quarter. Finally, Great West Life Assurance Co. Can boosted its holdings in Instructure by 121.5% in the second quarter. Great West Life Assurance Co. Can now owns 3,101 shares of the technology company’s stock valued at $132,000 after acquiring an additional 1,701 shares in the last quarter. Institutional investors and hedge funds own 84.88% of the company’s stock.

About Instructure

Instructure, Inc, a software-as-a-service technology company, provides applications for learning, assessment, and performance management worldwide. The company offers its platform through a software-as-a-service business model. It develops Canvas, a learning management system for K–12 and higher education; Bridge, a learning and performance management suite for businesses; Arc, a next-generation online video learning platform for academic and corporate learning; and Gauge, an assessment management system for K–12 schools.

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