Instructure (INST) Rating Increased to Hold at Zacks Investment Research

Share on StockTwits

Zacks Investment Research upgraded shares of Instructure (NYSE:INST) from a sell rating to a hold rating in a report released on Tuesday.

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. “

Several other research analysts have also commented on INST. ValuEngine raised shares of Instructure from a hold rating to a buy rating in a report on Wednesday, December 12th. Barrington Research reaffirmed a buy rating and issued a $50.00 price target on shares of Instructure in a report on Wednesday, January 9th. Raymond James lowered shares of Instructure from a strong-buy rating to an outperform rating in a report on Monday, January 14th. First Analysis lowered shares of Instructure from a strong-buy rating to an outperform rating and decreased their price target for the company from $50.00 to $49.00 in a report on Wednesday, February 20th. Finally, Morgan Stanley lowered shares of Instructure from an overweight rating to an equal weight rating and set a $39.50 price target for the company. in a report on Wednesday, February 20th. They noted that the move was a valuation call. Ten research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Instructure has a consensus rating of Hold and an average target price of $45.88.

Shares of INST stock opened at $44.05 on Tuesday. The firm has a market cap of $1.55 billion, a price-to-earnings ratio of -35.81 and a beta of 0.57. Instructure has a 1-year low of $29.48 and a 1-year high of $49.17.

Instructure (NYSE:INST) last announced its quarterly earnings data on Tuesday, February 19th. The technology company reported ($0.01) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.15) by $0.14. Instructure had a negative net margin of 20.74% and a negative return on equity of 33.63%. The company had revenue of $56.25 million during the quarter, compared to analyst estimates of $55.79 million. During the same period last year, the business earned ($0.27) EPS. The firm’s revenue for the quarter was up 25.7% compared to the same quarter last year. Sell-side analysts predict that Instructure will post -1.99 earnings per share for the current year.

A number of institutional investors have recently bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Instructure by 26.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,268 shares of the technology company’s stock valued at $85,000 after purchasing an additional 481 shares during the period. Quantamental Technologies LLC acquired a new position in Instructure during the 4th quarter valued at about $31,000. Legal & General Group Plc boosted its stake in Instructure by 23.7% during the 4th quarter. Legal & General Group Plc now owns 6,020 shares of the technology company’s stock valued at $226,000 after purchasing an additional 1,153 shares during the period. Summit Global Investments boosted its stake in Instructure by 13.1% during the 3rd quarter. Summit Global Investments now owns 18,100 shares of the technology company’s stock valued at $641,000 after purchasing an additional 2,100 shares during the period. Finally, Boston Advisors LLC boosted its stake in Instructure by 34.1% during the 4th quarter. Boston Advisors LLC now owns 9,998 shares of the technology company’s stock valued at $375,000 after purchasing an additional 2,543 shares during the period. 91.80% of the stock is owned by hedge funds and other institutional investors.

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.

Read More: Balance Sheet

Get a free copy of the Zacks research report on Instructure (INST)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Instructure (NYSE:INST)

Receive News & Ratings for Instructure Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Instructure and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Wells Fargo & Co  Stake Lessened by First National Bank Sioux Falls
Wells Fargo & Co Stake Lessened by First National Bank Sioux Falls
Zacks: Analysts Expect Bloomin’ Brands Inc  Will Post Quarterly Sales of $1.04 Billion
Zacks: Analysts Expect Bloomin’ Brands Inc Will Post Quarterly Sales of $1.04 Billion
First Western Financial  Upgraded to “Hold” at Zacks Investment Research
First Western Financial Upgraded to “Hold” at Zacks Investment Research
Providence Capital Advisors LLC Decreases Holdings in Alphabet Inc
Providence Capital Advisors LLC Decreases Holdings in Alphabet Inc
Papa John’s Int’l  Downgraded to Hold at BidaskClub
Papa John’s Int’l Downgraded to Hold at BidaskClub
Clark Estates Inc. NY Purchases New Stake in Ennis, Inc.
Clark Estates Inc. NY Purchases New Stake in Ennis, Inc.


© 2006-2019 Ticker Report