Instructure, Inc. (INST) Lifted to “Strong-Buy” at BidaskClub

BidaskClub upgraded shares of Instructure, Inc. (NYSE:INST) from a buy rating to a strong-buy rating in a report issued on Friday.

A number of other brokerages have also weighed in on INST. Zacks Investment Research lowered shares of Instructure from a buy rating to a hold rating in a report on Wednesday, October 4th. Needham & Company LLC reiterated a buy rating and set a $39.00 price objective on shares of Instructure in a report on Sunday, October 1st. Jefferies Group LLC lifted their price objective on shares of Instructure from $30.00 to $37.00 and gave the company a buy rating in a report on Tuesday, August 1st. UBS AG reiterated an outperform rating and set a $38.00 price objective (up previously from $33.00) on shares of Instructure in a report on Tuesday, August 1st. Finally, Oppenheimer Holdings, Inc. reiterated an outperform rating and set a $38.00 price objective (up previously from $33.00) on shares of Instructure in a report on Wednesday, August 2nd. Two investment analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company. The company presently has an average rating of Buy and an average price target of $36.00.

Instructure (NYSE:INST) opened at 34.40 on Friday. The stock’s market cap is $1.01 billion. The company’s 50 day moving average is $31.82 and its 200 day moving average is $28.10. Instructure has a 12 month low of $17.85 and a 12 month high of $34.85.

Instructure (NYSE:INST) last announced its quarterly earnings data on Monday, July 31st. The technology company reported ($0.46) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.50) by $0.04. Instructure had a negative net margin of 38.12% and a negative return on equity of 827.22%. The company had revenue of $38.00 million during the quarter, compared to analyst estimates of $37.09 million. During the same quarter last year, the business posted ($0.44) EPS. The firm’s revenue for the quarter was up 46.7% on a year-over-year basis. On average, analysts anticipate that Instructure will post ($1.24) EPS for the current fiscal year.

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In other news, EVP Marc T. Maloy sold 2,000 shares of Instructure stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $33.52, for a total value of $67,040.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Steven A. Collins sold 3,000 shares of Instructure stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $30.64, for a total transaction of $91,920.00. Following the completion of the transaction, the director now directly owns 6,552 shares in the company, valued at approximately $200,753.28. The disclosure for this sale can be found here. Insiders have sold a total of 36,650 shares of company stock worth $1,111,538 in the last three months. Insiders own 12.80% of the company’s stock.

Institutional investors have recently modified their holdings of the company. Legal & General Group Plc grew its position in shares of Instructure by 54.6% in the 2nd quarter. Legal & General Group Plc now owns 4,076 shares of the technology company’s stock worth $121,000 after buying an additional 1,440 shares during the last quarter. American International Group Inc. grew its position in shares of Instructure by 7.1% in the 1st quarter. American International Group Inc. now owns 6,466 shares of the technology company’s stock worth $151,000 after buying an additional 426 shares during the last quarter. Tower Research Capital LLC TRC purchased a new position in shares of Instructure in the 2nd quarter worth approximately $184,000. Metropolitan Life Insurance Co. NY purchased a new position in shares of Instructure in the 1st quarter worth approximately $192,000. Finally, Essex Investment Management Co. LLC purchased a new position in shares of Instructure in the 2nd quarter worth approximately $238,000. 78.33% of the stock is currently owned by hedge funds and other institutional investors.

About Instructure

Instructure, Inc provides cloud-based learning management platform for academic institutions and companies across the world. The Company operates in the cloud-based learning management systems segment. The Company builds its learning management applications, Canvas 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.

Analyst Recommendations for Instructure (NYSE:INST)

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