Analysts’ Recent Ratings Updates for Instructure (INST)

Several brokerages have updated their recommendations and price targets on shares of Instructure (NYSE: INST) in the last few weeks:

  • 4/11/2019 – Instructure was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. 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. “
  • 4/2/2019 – Instructure was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. 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. “
  • 3/27/2019 – Instructure was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. 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. “
  • 3/27/2019 – Instructure was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 3/19/2019 – Instructure was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. 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. “
  • 3/12/2019 – Instructure was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. 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. “
  • 3/6/2019 – Instructure was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 3/6/2019 – Instructure is now covered by analysts at Berenberg Bank. They set a “hold” rating and a $46.00 price target on the stock.
  • 3/6/2019 – Instructure was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. 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. “
  • 2/28/2019 – Instructure was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. 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. “
  • 2/28/2019 – Instructure was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 2/20/2019 – Instructure was downgraded by analysts at First Analysis from a “strong-buy” rating to an “outperform” rating. They now have a $49.00 price target on the stock, down previously from $50.00.
  • 2/20/2019 – Instructure was downgraded by analysts at Morgan Stanley from an “overweight” rating to an “equal weight” rating. They now have a $39.50 price target on the stock. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 2/20/2019 – Instructure was upgraded by analysts at TheStreet from a “d” rating to a “c” rating.

Shares of NYSE:INST opened at $46.54 on Tuesday. Instructure Inc has a twelve month low of $29.48 and a twelve month high of $49.17. The company has a market cap of $1.72 billion, a PE ratio of -37.84 and a beta of 0.57.

Instructure (NYSE:INST) last issued its earnings results on Tuesday, February 19th. The technology company reported ($0.01) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.14. Instructure had a negative return on equity of 33.63% and a negative net margin of 20.74%. The company had revenue of $56.25 million for the quarter, compared to analyst estimates of $55.79 million. During the same period in the prior year, the firm earned ($0.27) earnings per share. Instructure’s revenue for the quarter was up 25.7% on a year-over-year basis. Research analysts predict that Instructure Inc will post -1.99 EPS for the current fiscal year.

In related news, Director Kevin B. Thompson sold 4,794 shares of the stock in a transaction on Friday, April 5th. The stock was sold at an average price of $45.43, for a total value of $217,791.42. Following the completion of the sale, the director now directly owns 9,259 shares of the company’s stock, valued at approximately $420,636.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Matthew Kaminer sold 15,000 shares of the 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 completion of the sale, the executive vice president now directly owns 42,020 shares of the company’s stock, valued at $1,924,095.80. The disclosure for this sale can be found here. Insiders have sold 34,447 shares of company stock worth $1,598,299 over the last ninety days. 10.40% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Gotham Asset Management LLC purchased a new stake in Instructure in the 4th quarter valued at $244,000. Vista Equity Partners Management LLC grew its stake in Instructure by 670.7% in the 4th quarter. Vista Equity Partners Management LLC now owns 531,192 shares of the technology company’s stock valued at $19,925,000 after purchasing an additional 462,272 shares during the period. New York State Common Retirement Fund grew its stake in Instructure by 9.1% in the 4th quarter. New York State Common Retirement Fund now owns 133,166 shares of the technology company’s stock valued at $4,995,000 after purchasing an additional 11,158 shares during the period. Vanguard Group Inc. grew its stake in Instructure by 2.6% in the 3rd quarter. Vanguard Group Inc. now owns 1,474,891 shares of the technology company’s stock valued at $52,211,000 after purchasing an additional 37,572 shares during the period. Finally, BlackRock Inc. grew its stake in Instructure by 1.4% in the 3rd quarter. BlackRock Inc. now owns 2,078,146 shares of the technology company’s stock valued at $73,567,000 after purchasing an additional 29,612 shares during the period. 90.89% of the stock is owned by institutional investors and hedge funds.

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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