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.
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.
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