Instructure (NYSE:INST) Stock Rating Upgraded by CIBC

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CIBC upgraded shares of Instructure (NYSE:INST) from a market perform rating to an outperform rating in a research report sent to investors on Monday morning, FirstToMarketsRatingsTable reports. They currently have $56.00 price objective on the technology company’s stock.

Several other analysts have also issued reports on the stock. Needham & Company LLC restated a buy rating and set a $46.00 target price on shares of Instructure in a research report on Tuesday, July 30th. Oppenheimer upgraded shares of Instructure from a market perform rating to an outperform rating and set a $56.00 price target for the company in a research report on Monday. Zacks Investment Research lowered shares of Instructure from a buy rating to a hold rating in a research report on Friday, August 9th. Barrington Research reiterated a buy rating and issued a $50.00 price target on shares of Instructure in a research report on Tuesday, April 23rd. Finally, TheStreet lowered shares of Instructure from a c rating to a d- rating in a research report on Tuesday, April 30th. Six analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company has a consensus rating of Buy and a consensus price target of $47.56.

INST opened at $41.08 on Monday. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.06 and a quick ratio of 1.06. The firm has a 50 day moving average price of $41.51 and a 200-day moving average price of $42.95. Instructure has a twelve month low of $29.48 and a twelve month high of $50.19.

Instructure (NYSE:INST) last released its quarterly earnings data on Monday, July 29th. The technology company reported ($0.58) earnings per share for the quarter, beating the consensus estimate of ($0.65) by $0.07. The firm had revenue of $62.87 million during the quarter, compared to analysts’ expectations of $62.07 million. Instructure had a negative net margin of 24.07% and a negative return on equity of 41.15%. The firm’s quarterly revenue was up 25.6% on a year-over-year basis. During the same period in the previous year, the company earned ($0.24) earnings per share. Equities research analysts anticipate that Instructure will post -2.25 EPS for the current fiscal year.

In related news, insider Matthew Kaminer sold 2,000 shares of the company’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $39.05, for a total transaction of $78,100.00. Following the sale, the insider now owns 36,075 shares of the company’s stock, valued at $1,408,728.75. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Steven B. Kaminsky sold 20,000 shares of the company’s stock in a transaction on Monday, July 22nd. The shares were sold at an average price of $41.50, for a total transaction of $830,000.00. Following the sale, the chief financial officer now directly owns 181,617 shares in the company, valued at approximately $7,537,105.50. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 69,000 shares of company stock worth $2,889,310. 9.60% of the stock is owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. raised its stake in Instructure by 3.2% during the second quarter. BlackRock Inc. now owns 2,300,336 shares of the technology company’s stock valued at $97,763,000 after purchasing an additional 70,447 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Instructure by 3.1% in the second quarter. Vanguard Group Inc. now owns 1,694,060 shares of the technology company’s stock valued at $71,998,000 after acquiring an additional 50,458 shares during the period. Mackenzie Financial Corp raised its stake in shares of Instructure by 0.7% in the second quarter. Mackenzie Financial Corp now owns 1,650,138 shares of the technology company’s stock valued at $70,131,000 after acquiring an additional 12,000 shares during the period. TimesSquare Capital Management LLC raised its stake in shares of Instructure by 43.7% in the first quarter. TimesSquare Capital Management LLC now owns 1,430,085 shares of the technology company’s stock valued at $67,386,000 after acquiring an additional 434,810 shares during the period. Finally, Janus Henderson Group PLC raised its stake in shares of Instructure by 3.5% in the second quarter. Janus Henderson Group PLC now owns 1,318,762 shares of the technology company’s stock valued at $56,047,000 after acquiring an additional 45,100 shares during the period. 87.39% of the stock is currently owned by 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 KÂ?12 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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Analyst Recommendations for Instructure (NYSE:INST)

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