Shares of Instructure Inc (NYSE:INST) have earned an average rating of “Hold” from the sixteen analysts that are currently covering the company, Marketbeat Ratings reports. Eight equities research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $46.35.
Several equities research analysts have recently commented on the company. Zacks Investment Research upgraded Instructure from a “sell” rating to a “hold” rating in a research note on Wednesday. TheStreet lowered Instructure from a “c” rating to a “d-” rating in a research note on Tuesday, April 30th. Barrington Research restated a “buy” rating and issued a $50.00 price objective on shares of Instructure in a research note on Tuesday, April 23rd. Finally, ValuEngine upgraded Instructure from a “hold” rating to a “buy” rating in a research note on Wednesday, March 27th.
Shares of NYSE:INST traded up $0.12 during midday trading on Friday, hitting $43.81. The company had a trading volume of 204,189 shares, compared to its average volume of 389,553. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.39 and a quick ratio of 1.39. The firm has a market capitalization of $1.55 billion, a price-to-earnings ratio of -35.62 and a beta of 0.47. Instructure has a 12-month low of $29.48 and a 12-month high of $50.19.
Instructure (NYSE:INST) last posted its quarterly earnings data on Monday, April 29th. The technology company reported ($0.50) EPS for the quarter, missing the consensus estimate of ($0.46) by ($0.04). The company had revenue of $58.10 million during the quarter, compared to analysts’ expectations of $57.24 million. Instructure had a negative return on equity of 37.56% and a negative net margin of 21.74%. The company’s revenue for the quarter was up 21.0% on a year-over-year basis. During the same quarter last year, the company earned ($0.21) earnings per share. On average, equities research analysts expect that Instructure will post -2.27 earnings per share for the current fiscal year.
In other Instructure news, CEO Daniel Tucker Goldsmith purchased 2,500 shares of the stock in a transaction that occurred on Tuesday, May 7th. The stock was purchased at an average price of $41.85 per share, with a total value of $104,625.00. Following the acquisition, 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 can be accessed through this link. Also, CFO Steven B. Kaminsky sold 1,400 shares of the stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $47.65, for a total transaction of $66,710.00. Following the completion of the transaction, the chief financial officer now directly owns 161,299 shares of the company’s stock, valued at approximately $7,685,897.35. The disclosure for this sale can be found here. In the last ninety days, insiders sold 48,735 shares of company stock valued at $2,257,137. 9.60% of the stock is owned by insiders.
Several large investors have recently made changes to their positions in INST. MetLife Investment Advisors LLC lifted its holdings in shares of Instructure by 55.2% in the 3rd quarter. MetLife Investment Advisors LLC now owns 22,468 shares of the technology company’s stock valued at $795,000 after acquiring an additional 7,987 shares during the last quarter. Vanguard Group Inc. lifted its stake in Instructure by 2.6% in the third quarter. Vanguard Group Inc. now owns 1,474,891 shares of the technology company’s stock worth $52,211,000 after purchasing an additional 37,572 shares during the last quarter. Marshall Wace LLP bought a new stake in Instructure in the third quarter worth about $1,782,000. Vanguard Group Inc lifted its stake in Instructure by 2.6% in the third quarter. Vanguard Group Inc now owns 1,474,891 shares of the technology company’s stock worth $52,211,000 after purchasing an additional 37,572 shares during the last quarter. Finally, Daiwa SB Investments Ltd. bought a new stake in Instructure in the fourth quarter worth about $6,775,000. 84.37% of the stock is owned by hedge funds and other institutional investors.
Instructure Company Profile
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 KÂ12 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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