Instructure (NYSE:INST) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday.

According to Zacks, “Instructure, Inc. provides cloud-based online education technology. It develops Canvas, a learning management application 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. The company’s platform also provides data analytics that enable real-time reaction to information and benchmarking in order to personalize curricula and increase the efficacy of the learning process. Instructure, Inc. is based in Salt Lake City, Utah. “

Several other research firms also recently weighed in on INST. BidaskClub raised Instructure from a “buy” rating to a “strong-buy” rating in a report on Friday, October 6th. William Blair began coverage on Instructure in a report on Thursday, October 26th. They issued a “market perform” rating for the company. Oppenheimer reissued a “buy” rating and issued a $41.00 price objective (up from $38.00) on shares of Instructure in a report on Tuesday, October 31st. Jefferies Group increased their price objective on Instructure to $43.00 and gave the company a “buy” rating in a report on Tuesday, October 31st. Finally, Needham & Company LLC reissued a “buy” rating and issued a $39.00 price objective on shares of Instructure in a report on Sunday, October 1st. Four investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $38.00.

Shares of Instructure (NYSE:INST) opened at $33.40 on Tuesday. Instructure has a one year low of $19.10 and a one year high of $36.60. The firm has a market cap of $994.50 and a P/E ratio of -18.98.

Instructure (NYSE:INST) last announced its quarterly earnings results on Monday, October 30th. The technology company reported ($0.27) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.31) by $0.04. The firm had revenue of $42.95 million during the quarter, compared to the consensus estimate of $40.57 million. Instructure had a negative return on equity of 827.22% and a negative net margin of 34.82%. The firm’s quarterly revenue was up 42.5% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.34) earnings per share. analysts forecast that Instructure will post -1.75 EPS for the current fiscal year.

In related news, EVP Marc T. Maloy sold 2,000 shares of Instructure stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $33.52, for a total transaction of $67,040.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Ellen Levy sold 9,000 shares of Instructure stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $34.55, for a total value of $310,950.00. Following the sale, the director now owns 17,562 shares of the company’s stock, valued at approximately $606,767.10. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 67,867 shares of company stock valued at $2,336,055. Corporate insiders own 12.80% of the company’s stock.

Institutional investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. boosted its stake in Instructure by 9.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,619,726 shares of the technology company’s stock worth $85,403,000 after buying an additional 220,778 shares during the last quarter. Whale Rock Capital Management LLC boosted its stake in Instructure by 27.6% in the 2nd quarter. Whale Rock Capital Management LLC now owns 1,418,086 shares of the technology company’s stock worth $41,834,000 after buying an additional 306,964 shares during the last quarter. SQN Investors LP boosted its stake in Instructure by 89.3% in the 2nd quarter. SQN Investors LP now owns 1,343,919 shares of the technology company’s stock worth $39,646,000 after buying an additional 633,875 shares during the last quarter. Janus Henderson Group PLC boosted its stake in Instructure by 0.4% in the 3rd quarter. Janus Henderson Group PLC now owns 1,182,196 shares of the technology company’s stock worth $39,190,000 after buying an additional 4,282 shares during the last quarter. Finally, FMR LLC boosted its stake in Instructure by 45.9% in the 2nd quarter. FMR LLC now owns 875,150 shares of the technology company’s stock worth $25,817,000 after buying an additional 275,150 shares during the last quarter. Hedge funds and other institutional investors own 78.99% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “Instructure (INST) Rating Lowered to Hold at Zacks Investment Research” was reported by TheOlympiaReport and is the property of of TheOlympiaReport. If you are accessing this news story on another publication, it was illegally copied and reposted in violation of international trademark & copyright laws. The original version of this news story can be read at https://theolympiareport.com/2017/12/28/instructure-inst-rating-lowered-to-hold-at-zacks-investment-research.html.

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)

Receive News & Ratings for Instructure Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Instructure and related companies with MarketBeat.com's FREE daily email newsletter.