Barrington Research Reiterates Buy Rating for Instructure (INST)

Barrington Research restated their buy rating on shares of Instructure (NYSE:INST) in a research report report published on Wednesday. The brokerage currently has a $50.00 price objective on the technology company’s stock.

A number of other research analysts have also weighed in on INST. Raymond James dropped their price objective on shares of Instructure from $55.00 to $50.00 and set a strong-buy rating on the stock in a research note on Wednesday, October 3rd. Zacks Investment Research lowered shares of Instructure from a hold rating to a sell rating in a research note on Saturday, October 6th. Morgan Stanley dropped their price objective on shares of Instructure from $50.00 to $45.00 and set a buy rating on the stock in a research note on Tuesday, October 30th. Citigroup dropped their price objective on shares of Instructure from $55.00 to $50.00 and set a buy rating on the stock in a research note on Wednesday, October 31st. Finally, ValuEngine lowered shares of Instructure from a buy rating to a hold rating in a research note on Thursday, November 1st. Seven analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of Buy and a consensus target price of $46.18.

Shares of Instructure stock traded down $0.28 during trading hours on Wednesday, reaching $40.51. The company’s stock had a trading volume of 150,313 shares, compared to its average volume of 354,100. Instructure has a one year low of $29.48 and a one year high of $49.17. The firm has a market capitalization of $1.43 billion, a price-to-earnings ratio of -23.55 and a beta of 0.51.

Instructure (NYSE:INST) last released its quarterly earnings data on Monday, October 29th. The technology company reported ($0.15) earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $53.93 million. During the same period last year, the firm earned ($0.24) earnings per share. The business’s quarterly revenue was up 27.9% compared to the same quarter last year. As a group, sell-side analysts forecast that Instructure will post -1.4 earnings per share for the current fiscal year.

Several hedge funds have recently made changes to their positions in the company. Public Employees Retirement System of Ohio raised 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 purchasing an additional 1,364 shares during the last quarter. Raymond James & Associates increased its holdings in Instructure by 7.5% during the second quarter. Raymond James & Associates now owns 22,019 shares of the technology company’s stock worth $937,000 after buying an additional 1,531 shares during the last quarter. Great West Life Assurance Co. Can increased its holdings in Instructure by 121.5% during the second quarter. Great West Life Assurance Co. Can now owns 3,101 shares of the technology company’s stock worth $132,000 after buying an additional 1,701 shares during the last quarter. Summit Global Investments increased its holdings in Instructure by 13.1% during the third quarter. Summit Global Investments now owns 18,100 shares of the technology company’s stock worth $641,000 after buying an additional 2,100 shares during the last quarter. Finally, NumerixS Investment Technologies Inc purchased a new stake in Instructure during the second quarter worth about $103,000. Institutional investors own 84.88% 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 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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Analyst Recommendations for Instructure (NYSE:INST)

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