Instructure (INST) Raised to “Hold” at Zacks Investment Research

Zacks Investment Research upgraded shares of Instructure (NYSE:INST) from a sell rating to a hold rating in a research note released on Wednesday, Zacks.com reports.

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. “

A number of other brokerages also recently issued reports on INST. Barrington Research reiterated a buy rating and issued a $50.00 price target on shares of Instructure in a research note on Tuesday, April 23rd. ValuEngine raised shares of Instructure from a hold rating to a buy rating in a report on Thursday, February 28th. Berenberg Bank initiated coverage on shares of Instructure in a report on Wednesday, March 6th. They set a hold rating and a $46.00 price objective on the stock. TheStreet raised shares of Instructure from a d rating to a c rating in a report on Wednesday, February 20th. Finally, First Analysis cut shares of Instructure from a strong-buy rating to an outperform rating and cut their price objective for the stock from $50.00 to $49.00 in a report on Wednesday, February 20th. Eight analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average target price of $45.88.

Shares of Instructure stock opened at $43.81 on Wednesday. Instructure has a 52-week low of $29.48 and a 52-week high of $50.19. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $1.58 billion, a P/E ratio of -35.62 and a beta of 0.47.

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

In other news, EVP Matthew Kaminer sold 15,000 shares of Instructure stock in a transaction on Friday, April 5th. The shares were sold at an average price of $45.79, for a total value of $686,850.00. Following the transaction, the executive vice president now directly owns 42,020 shares of the company’s stock, valued at approximately $1,924,095.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Joshua L. Coates sold 5,000 shares of Instructure stock in a transaction on Wednesday, April 3rd. The shares were sold at an average price of $46.92, for a total transaction of $234,600.00. Following the completion of the transaction, the director now directly owns 5,500 shares in the company, valued at $258,060. The disclosure for this sale can be found here. In the last three months, insiders have sold 48,735 shares of company stock worth $2,257,137. 9.60% of the stock is owned by corporate insiders.

Several institutional investors have recently made changes to their positions in INST. Quantamental Technologies LLC acquired a new position in shares of Instructure in the 4th quarter valued at $31,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Instructure by 26.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,268 shares of the technology company’s stock valued at $85,000 after acquiring an additional 481 shares during the period. Great West Life Assurance Co. Can increased its holdings in shares of Instructure by 43.6% in the 1st quarter. Great West Life Assurance Co. Can now owns 4,454 shares of the technology company’s stock valued at $209,000 after acquiring an additional 1,353 shares during the period. Raymond James Financial Services Advisors Inc. acquired a new position in shares of Instructure in the 1st quarter valued at $221,000. Finally, Legal & General Group Plc increased its holdings in shares of Instructure by 23.7% in the 4th quarter. Legal & General Group Plc now owns 6,020 shares of the technology company’s stock valued at $226,000 after acquiring an additional 1,153 shares during the period. 84.37% of the stock is currently owned by institutional investors and hedge funds.

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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