Shares of Instructure Inc (NYSE:INST) have received a consensus recommendation of “Buy” from the thirteen research firms that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, seven have issued a buy rating and two have issued a strong buy rating on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $40.78.
Several equities analysts recently commented on the company. Morgan Stanley set a $42.00 target price on Instructure and gave the company a “buy” rating in a research note on Tuesday, February 13th. Needham & Company LLC upped their target price on Instructure from $39.00 to $46.00 and gave the company a “strong-buy” rating in a research note on Tuesday, February 13th. William Blair reiterated a “market perform” rating on shares of Instructure in a research note on Tuesday, February 13th. SunTrust Banks upped their target price on Instructure to $47.00 and gave the company a “buy” rating in a research note on Tuesday, February 13th. Finally, ValuEngine upgraded Instructure from a “sell” rating to a “hold” rating in a research note on Friday, February 2nd.
In other Instructure news, Director William M. Conroy sold 5,500 shares of the business’s stock in a transaction dated Thursday, March 8th. The stock was sold at an average price of $45.88, for a total transaction of $252,340.00. Following the completion of the sale, the director now owns 33,197 shares of the company’s stock, valued at $1,523,078.36. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Ellen Levy sold 6,000 shares of the business’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $43.03, for a total value of $258,180.00. Following the sale, the director now directly owns 11,562 shares of the company’s stock, valued at approximately $497,512.86. The disclosure for this sale can be found here. In the last three months, insiders have sold 41,945 shares of company stock valued at $1,624,866. 62.50% of the stock is owned by company insiders.
A number of hedge funds have recently bought and sold shares of INST. Nine Ten Capital Management LLC boosted its position in shares of Instructure by 4.3% in the fourth quarter. Nine Ten Capital Management LLC now owns 2,758,900 shares of the technology company’s stock worth $91,320,000 after buying an additional 113,576 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Instructure by 9.2% in the third quarter. JPMorgan Chase & Co. now owns 2,619,726 shares of the technology company’s stock worth $85,403,000 after buying an additional 220,778 shares during the period. BlackRock Inc. boosted its position in shares of Instructure by 6.8% in the fourth quarter. BlackRock Inc. now owns 1,348,441 shares of the technology company’s stock worth $44,633,000 after buying an additional 85,498 shares during the period. Janus Henderson Group PLC boosted its position in shares of Instructure by 0.4% in the third quarter. Janus Henderson Group PLC now owns 1,182,196 shares of the technology company’s stock worth $39,190,000 after buying an additional 4,282 shares during the period. Finally, TimesSquare Capital Management LLC purchased a new stake in shares of Instructure in the fourth quarter worth about $25,436,000. 74.00% of the stock is owned by hedge funds and other institutional investors.
Instructure (NYSE:INST) traded down $0.70 during midday trading on Friday, hitting $44.25. The stock had a trading volume of 266,797 shares, compared to its average volume of 318,214. Instructure has a 12 month low of $22.00 and a 12 month high of $46.50.
Instructure (NYSE:INST) last released its quarterly earnings results on Monday, February 12th. The technology company reported ($0.27) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.29) by $0.02. The company had revenue of $43.80 million during the quarter, compared to analysts’ expectations of $41.43 million. Instructure had a negative return on equity of 827.22% and a negative net margin of 31.37%. The business’s revenue for the quarter was up 39.0% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.35) earnings per share. equities research analysts anticipate that Instructure will post -1.77 EPS for the current year.
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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.
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