Instructure (NYSE:INST) was upgraded by investment analysts at ValuEngine from a “hold” rating to a “buy” rating in a report released on Monday, February 4th.
Other research analysts also recently issued research reports about the stock. Zacks Investment Research downgraded shares of Instructure from a “buy” rating to a “hold” rating in a research report on Tuesday, December 11th. Barrington Research reiterated a “buy” rating and set a $50.00 target price on shares of Instructure in a research report on Tuesday, October 16th. Raymond James downgraded shares of Instructure from a “strong-buy” rating to an “outperform” rating in a research report on Monday, January 14th. Morgan Stanley dropped their target price on shares of Instructure from $50.00 to $45.00 and set a “buy” rating on the stock in a research report on Tuesday, October 30th. Finally, Citigroup dropped their target price on shares of Instructure from $55.00 to $50.00 and set a “buy” rating on the stock in a research report on Wednesday, October 31st. Eight equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Instructure has an average rating of “Hold” and an average target price of $45.86.
Shares of NYSE INST traded up $0.32 during midday trading on Monday, reaching $47.05. The stock had a trading volume of 691,350 shares, compared to its average volume of 411,323. The company has a market capitalization of $1.67 billion, a P/E ratio of -38.25 and a beta of 0.49. Instructure has a twelve month low of $29.48 and a twelve month high of $49.17.
Instructure (NYSE:INST) last issued its quarterly earnings results on Tuesday, February 19th. The technology company reported ($0.01) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.15) by $0.14. The firm had revenue of $56.25 million for the quarter, compared to the consensus estimate of $55.79 million. Instructure had a negative net margin of 20.74% and a negative return on equity of 33.63%. The company’s revenue for the quarter was up 25.7% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.27) EPS. On average, sell-side analysts expect that Instructure will post -1.99 earnings per share for the current year.
A number of hedge funds have recently made changes to their positions in the business. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Instructure by 26.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,268 shares of the technology company’s stock valued at $85,000 after purchasing an additional 481 shares in the last quarter. Quantamental Technologies LLC bought a new stake in Instructure during the 4th quarter valued at $31,000. Legal & General Group Plc increased its stake in Instructure by 23.7% during the 4th 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. Public Employees Retirement System of Ohio increased its stake in Instructure by 3.6% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 39,276 shares of the technology company’s stock valued at $1,671,000 after purchasing an additional 1,364 shares in the last quarter. Finally, Raymond James & Associates increased its stake in Instructure by 7.5% during the 2nd quarter. Raymond James & Associates now owns 22,019 shares of the technology company’s stock valued at $937,000 after purchasing an additional 1,531 shares in the last quarter. Institutional investors and hedge funds own 84.03% of the company’s stock.
Instructure Company Profile
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 K12 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 K12 schools.
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