Several analysts have recently updated their ratings and price targets for Instructure (NYSE: INST):

  • 8/12/2019 – Instructure was upgraded by analysts at CIBC from a “market perform” rating to an “outperform” rating. They now have a $56.00 price target on the stock.
  • 8/12/2019 – Instructure was upgraded by analysts at Oppenheimer Holdings Inc. from a “market perform” rating to an “outperform” rating. They now have a $56.00 price target on the stock.
  • 8/12/2019 – Instructure had its “market perform” rating reaffirmed by analysts at William Blair.
  • 8/9/2019 – Instructure was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. 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. “
  • 8/8/2019 – Instructure was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $44.00 price target on the stock. 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. “
  • 7/30/2019 – Instructure had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $46.00 price target on the stock.
  • 7/17/2019 – Instructure was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. 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. “
  • 7/12/2019 – Instructure was downgraded by analysts at Raymond James from an “outperform” rating to a “market perform” rating. They now have a $45.20 price target on the stock.
  • 7/10/2019 – Instructure was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $49.00 price target on the stock. 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. “

Shares of INST stock traded up $0.97 during trading hours on Thursday, hitting $41.08. 375,100 shares of the company’s stock were exchanged, compared to its average volume of 385,675. The company has a market capitalization of $1.47 billion, a PE ratio of -33.40 and a beta of 0.47. Instructure Inc has a 12-month low of $29.48 and a 12-month high of $50.19. The business’s 50 day simple moving average is $41.51 and its 200-day simple moving average is $42.95. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.28.

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

In other news, insider Matthew Kaminer sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $39.05, for a total value of $78,100.00. Following the transaction, the insider now owns 36,075 shares in the company, valued at $1,408,728.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Joshua L. Coates sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, June 3rd. The stock was 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 owns 5,500 shares in the company, valued at approximately $221,595. The disclosure for this sale can be found here. Insiders have sold 69,000 shares of company stock worth $2,889,310 over the last three months. Insiders own 9.60% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. Bank of America Corp DE grew its position in Instructure by 55.4% in the fourth quarter. Bank of America Corp DE now owns 18,876 shares of the technology company’s stock valued at $709,000 after purchasing an additional 6,729 shares in the last quarter. Legal & General Group Plc grew its position in Instructure by 23.7% in the fourth quarter. Legal & General Group Plc now owns 6,020 shares of the technology company’s stock valued at $226,000 after purchasing an additional 1,153 shares in the last quarter. FMR LLC grew its position in Instructure by 50.7% in the fourth quarter. FMR LLC now owns 1,019,934 shares of the technology company’s stock valued at $38,258,000 after purchasing an additional 343,103 shares in the last quarter. Daiwa SB Investments Ltd. grew its position in Instructure by 8.7% in the first quarter. Daiwa SB Investments Ltd. now owns 196,339 shares of the technology company’s stock valued at $9,251,000 after purchasing an additional 15,728 shares in the last quarter. Finally, BNP Paribas Arbitrage SA grew its position in Instructure by 73,355.6% in the first quarter. BNP Paribas Arbitrage SA now owns 6,611 shares of the technology company’s stock valued at $312,000 after purchasing an additional 6,602 shares in the last quarter. Hedge funds and other institutional investors own 87.39% of the company’s stock.

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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