Instructure, Inc. (INST) Stock Rating Upgraded by Zacks Investment Research

Instructure, Inc. (NYSE:INST) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Thursday. The brokerage currently has a $37.00 price objective on the technology company’s stock. Zacks Investment Research‘s price target would suggest a potential upside of 10.45% from the stock’s previous close.

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. “

Other research analysts also recently issued reports about the company. Jefferies Group LLC lifted their target price on Instructure from $30.00 to $37.00 and gave the company a “buy” rating in a research note on Tuesday, August 1st. BidaskClub downgraded Instructure from a “buy” rating to a “hold” rating in a research note on Thursday. Oppenheimer Holdings, Inc. reiterated a “buy” rating and issued a $38.00 target price on shares of Instructure in a research note on Thursday, October 12th. Needham & Company LLC reiterated a “buy” rating and issued a $39.00 target price (up from $33.00) on shares of Instructure in a research note on Thursday, July 27th. Finally, William Blair began coverage on Instructure in a research note on Thursday, October 26th. They issued a “market perform” rating on the stock. Four analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $37.44.

Instructure (NYSE INST) opened at $33.50 on Thursday. Instructure has a 12 month low of $18.30 and a 12 month high of $36.00.

Instructure (NYSE:INST) last announced its earnings results on Monday, October 30th. The technology company reported ($0.27) earnings per share for the quarter, beating the consensus estimate of ($0.31) by $0.04. Instructure had a negative return on equity of 827.22% and a negative net margin of 34.82%. The company had revenue of $42.95 million for the quarter, compared to the consensus estimate of $40.57 million. During the same period last year, the business posted ($0.34) EPS. The company’s revenue was up 42.5% on a year-over-year basis. analysts expect that Instructure will post -1.75 EPS for the current fiscal year.

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In related news, COO Mitch Macfarlane sold 19,815 shares of Instructure stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $34.32, for a total value of $680,050.80. Following the sale, the chief operating officer now directly owns 11,964 shares in the company, valued at $410,604.48. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director William M. Conroy sold 8,000 shares of Instructure stock in a transaction that occurred on Monday, October 16th. The shares were sold at an average price of $33.94, for a total value of $271,520.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 65,517 shares of company stock worth $2,208,263. Company insiders own 62.50% of the company’s stock.

Several institutional investors have recently bought and sold shares of INST. Russell Investments Group Ltd. raised its holdings in Instructure by 2.1% during the second quarter. Russell Investments Group Ltd. now owns 19,555 shares of the technology company’s stock worth $577,000 after purchasing an additional 410 shares during the last quarter. American International Group Inc. raised its holdings in Instructure by 7.1% during the first quarter. American International Group Inc. now owns 6,466 shares of the technology company’s stock worth $151,000 after purchasing an additional 426 shares during the last quarter. Strs Ohio raised its holdings in Instructure by 1.9% during the second quarter. Strs Ohio now owns 26,800 shares of the technology company’s stock worth $790,000 after purchasing an additional 500 shares during the last quarter. Schwab Charles Investment Management Inc. raised its holdings in Instructure by 3.5% during the first quarter. Schwab Charles Investment Management Inc. now owns 25,367 shares of the technology company’s stock worth $594,000 after purchasing an additional 855 shares during the last quarter. Finally, Alliancebernstein L.P. raised its holdings in Instructure by 7.6% during the second quarter. Alliancebernstein L.P. now owns 17,000 shares of the technology company’s stock worth $502,000 after purchasing an additional 1,200 shares during the last quarter. Hedge funds and other institutional investors own 77.92% of the company’s stock.

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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