Instructure (NYSE:INST)‘s stock had its “market perform” rating restated by research analysts at William Blair in a note issued to investors on Monday, Zacks.com reports. William Blair also issued estimates for Instructure’s Q3 2019 earnings at ($0.63) EPS, Q4 2019 earnings at ($0.53) EPS, FY2019 earnings at ($2.25) EPS, FY2020 earnings at ($1.95) EPS and FY2021 earnings at ($1.64) EPS.

A number of other research analysts have also issued reports on INST. Raymond James lowered Instructure from an “outperform” rating to a “market perform” rating and set a $45.20 target price on the stock. in a research report on Friday, July 12th. Barrington Research reissued a “buy” rating and issued a $50.00 price objective on shares of Instructure in a research note on Tuesday, April 23rd. TheStreet downgraded Instructure from a “c” rating to a “d-” rating in a research note on Tuesday, April 30th. Oppenheimer raised Instructure from a “market perform” rating to an “outperform” rating and set a $56.00 price objective for the company in a research note on Monday. Finally, Zacks Investment Research downgraded Instructure from a “buy” rating to a “hold” rating in a research note on Friday, August 9th. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Instructure has an average rating of “Buy” and a consensus target price of $47.56.

Shares of NYSE:INST opened at $40.37 on Monday. Instructure has a 1 year low of $29.48 and a 1 year high of $50.19. The stock has a market cap of $1.47 billion, a price-to-earnings ratio of -32.82 and a beta of 0.47. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.28. The company’s 50 day simple moving average is $41.50.

Instructure (NYSE:INST) last announced its earnings results on Monday, July 29th. The technology company reported ($0.58) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.65) by $0.07. Instructure had a negative return on equity of 41.15% and a negative net margin of 24.07%. The firm had revenue of $62.87 million for the quarter, compared to analyst estimates of $62.07 million. During the same quarter last year, the firm posted ($0.24) EPS. The business’s revenue was up 25.6% on a year-over-year basis. As a group, analysts forecast that Instructure will post -2.25 earnings per share for the current year.

In other Instructure news, insider Matthew Kaminer sold 2,000 shares of the firm’s stock in a transaction on Monday, June 24th. The stock was sold at an average price of $40.73, for a total value of $81,460.00. Following the completion of the sale, the insider now directly owns 36,075 shares of the company’s stock, valued at approximately $1,469,334.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Joshua L. Coates sold 5,000 shares of the firm’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $39.76, for a total value of $198,800.00. Following the completion of the sale, the director now directly owns 5,500 shares of the company’s stock, valued at $218,680. The disclosure for this sale can be found here. Over the last three months, insiders sold 69,000 shares of company stock valued at $2,889,310. 9.60% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently modified their holdings of the business. Ashburton Jersey Ltd acquired a new stake in shares of Instructure in the 2nd quarter worth $27,000. Legal & General Group Plc grew its holdings in shares of Instructure by 23.7% during the 4th quarter. Legal & General Group Plc now owns 6,020 shares of the technology company’s stock worth $226,000 after purchasing an additional 1,153 shares during the period. Aperio Group LLC purchased a new position in shares of Instructure during the 2nd quarter worth $58,000. Bank of New York Mellon Corp grew its holdings in shares of Instructure by 1.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 131,883 shares of the technology company’s stock worth $5,605,000 after purchasing an additional 1,470 shares during the period. Finally, Swiss National Bank grew its holdings in shares of Instructure by 3.1% during the 2nd quarter. Swiss National Bank now owns 56,000 shares of the technology company’s stock worth $2,380,000 after purchasing an additional 1,700 shares during the period. 87.39% 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 K–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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Analyst Recommendations for Instructure (NYSE:INST)

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