Instructure (INST) Raised to Buy at Zacks Investment Research

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Zacks Investment Research upgraded shares of Instructure (NYSE:INST) from a hold rating to a buy rating in a research note issued to investors on Wednesday. The firm currently has $43.00 target price on the technology company’s 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. “

Several other research analysts have also recently commented on INST. ValuEngine cut shares of Instructure from a buy rating to a hold rating in a research report on Thursday, November 1st. Citigroup decreased their target price on shares of Instructure from $55.00 to $50.00 and set a buy rating for the company in a research report on Wednesday, October 31st. Raymond James decreased their target price on shares of Instructure from $50.00 to $45.00 and set a strong-buy rating for the company in a research report on Tuesday, October 30th. Morgan Stanley decreased their target price on shares of Instructure from $50.00 to $45.00 and set a buy rating for the company in a research report on Tuesday, October 30th. Finally, DA Davidson assumed coverage on shares of Instructure in a research report on Wednesday, August 29th. They issued a buy rating and a $47.00 target price for the company. Seven analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus target price of $46.27.

NYSE INST opened at $37.03 on Wednesday. Instructure has a 52 week low of $29.48 and a 52 week high of $49.17. The stock has a market capitalization of $1.31 billion, a price-to-earnings ratio of -21.53 and a beta of 0.58.

Instructure (NYSE:INST) last posted its 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. Instructure had a negative net margin of 24.15% and a negative return on equity of 49.49%. The firm had revenue of $55.24 million during the quarter, compared to analysts’ expectations of $53.93 million. During the same quarter in the prior year, the firm earned ($0.24) EPS. Instructure’s quarterly revenue was up 27.9% on a year-over-year basis. On average, sell-side analysts forecast that Instructure will post -1.4 earnings per share for the current year.

Several institutional investors have recently bought and sold shares of the company. Public Employees Retirement System of Ohio boosted its holdings in shares of Instructure by 3.6% in the second quarter. Public Employees Retirement System of Ohio now owns 39,276 shares of the technology company’s stock valued at $1,671,000 after acquiring an additional 1,364 shares in the last quarter. Raymond James & Associates boosted its holdings in shares of Instructure by 7.5% in the second quarter. Raymond James & Associates now owns 22,019 shares of the technology company’s stock valued at $937,000 after acquiring an additional 1,531 shares in the last quarter. Great West Life Assurance Co. Can boosted its holdings in shares of 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. Gagnon Advisors LLC boosted its holdings in shares of Instructure by 1.7% in the second quarter. Gagnon Advisors LLC now owns 121,669 shares of the technology company’s stock valued at $5,177,000 after acquiring an additional 2,070 shares in the last quarter. Finally, Summit Global Investments boosted its holdings in shares of Instructure by 13.1% in the third quarter. Summit Global Investments now owns 18,100 shares of the technology company’s stock valued at $641,000 after acquiring an additional 2,100 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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