Instructure (NYSE:INST) Downgraded to Market Perform at Raymond James

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Instructure (NYSE:INST) was downgraded by investment analysts at Raymond James from an “outperform” rating to a “market perform” rating in a research note issued to investors on Friday, Marketbeat reports. They presently have a $45.20 target price on the technology company’s stock. Raymond James’ target price indicates a potential upside of 4.27% from the company’s current price.

INST has been the topic of several other research reports. Barrington Research set a $110.00 price target on shares of Woodward, Inc.Common Stock and gave the company a “buy” rating in a research report on Tuesday, April 23rd. TheStreet lowered shares of UDR from a “b” rating to a “c” rating in a research report on Tuesday, April 30th. ValuEngine lowered shares of Yara International ASA from a “hold” rating to a “sell” rating in a research report on Wednesday, March 27th. Finally, Zacks Investment Research lowered shares of ExlService from a “hold” rating to a “sell” rating in a research report on Wednesday. Eight equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $46.48.

NYSE INST opened at $43.35 on Friday. The company has a 50 day simple moving average of $41.84. Instructure has a 12-month low of $29.48 and a 12-month high of $50.19. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.39 and a current ratio of 1.39.

Instructure (NYSE:INST) last posted its quarterly earnings results on Monday, April 29th. The technology company reported ($0.50) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.46) by ($0.04). Instructure had a negative net margin of 21.74% and a negative return on equity of 37.56%. The business had revenue of $58.10 million during the quarter, compared to the consensus estimate of $57.24 million. During the same period last year, the firm earned ($0.21) EPS. The business’s revenue for the quarter was up 21.0% on a year-over-year basis. Research analysts predict that Instructure will post -2.26 earnings per share for the current fiscal year.

In other news, CEO Daniel Tucker Goldsmith acquired 2,500 shares of Instructure stock in a transaction that occurred on Tuesday, May 7th. The stock was bought at an average price of $41.85 per share, with a total value of $104,625.00. Following the completion of the purchase, the chief executive officer now owns 7,379 shares in the company, valued at $308,811.15. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Joshua L. Coates sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $40.29, for a total transaction of $201,450.00. Following the transaction, the director now directly owns 5,500 shares of the company’s stock, valued at approximately $221,595. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 44,887 shares of company stock valued at $1,945,387. 9.60% of the stock is owned by corporate insiders.

A number of large investors have recently modified their holdings of the stock. Legal & General Group Plc grew its stake in Instructure by 23.7% in the 4th quarter. Legal & General Group Plc now owns 6,020 shares of the technology company’s stock worth $226,000 after buying an additional 1,153 shares in the last quarter. Menta Capital LLC purchased a new position in Instructure in the 4th quarter worth approximately $240,000. Gotham Asset Management LLC purchased a new position in Instructure in the 4th quarter worth approximately $244,000. BNP Paribas Arbitrage SA grew its stake in Instructure by 73,355.6% in the 1st quarter. BNP Paribas Arbitrage SA now owns 6,611 shares of the technology company’s stock worth $312,000 after buying an additional 6,602 shares in the last quarter. Finally, Amundi Pioneer Asset Management Inc. purchased a new position in Instructure in the 4th quarter worth approximately $360,000. 89.42% of the stock is owned by institutional investors.

About Instructure

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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