Instructure Inc (NYSE:INST) – Research analysts at Barrington Research upped their FY2018 EPS estimates for shares of Instructure in a note issued to investors on Tuesday, October 30th. Barrington Research analyst A. Paris. Jr now anticipates that the technology company will post earnings of ($1.40) per share for the year, up from their prior forecast of ($1.56). Barrington Research has a “Buy” rating and a $50.00 price objective on the stock. Barrington Research also issued estimates for Instructure’s Q4 2018 earnings at ($0.32) EPS and FY2019 earnings at ($1.29) EPS.
Several other brokerages have also weighed in on INST. Macquarie lowered Instructure from an “outperform” rating to a “neutral” rating and set a $41.00 price objective for the company. in a report on Thursday, July 19th. Needham & Company LLC boosted their price objective on Instructure from $50.00 to $58.00 and gave the company a “buy” rating in a report on Thursday, July 26th. Citigroup assumed coverage on Instructure in a report on Monday, July 16th. They issued a “buy” rating and a $55.00 price objective for the company. Oppenheimer reissued a “market perform” rating and issued a $41.00 price objective on shares of Instructure in a report on Tuesday, July 31st. Finally, MED lowered Instructure from an “outperform” rating to a “market perform” rating in a report on Tuesday, July 31st. They noted that the move was a valuation call. Eight analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $47.10.
Shares of Instructure stock opened at $36.00 on Friday. The stock has a market capitalization of $1.24 billion, a P/E ratio of -20.93 and a beta of 0.90. Instructure has a fifty-two week low of $29.48 and a fifty-two week high of $49.17.
Instructure (NYSE:INST) last announced its earnings results on Monday, October 29th. The technology company reported ($0.15) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.41) by $0.26. Instructure had a negative return on equity of 54.63% and a negative net margin of 24.15%. The business had revenue of $55.24 million for the quarter, compared to analyst estimates of $53.93 million. During the same period in the previous year, the company earned ($0.24) earnings per share. The company’s revenue for the quarter was up 27.9% compared to the same quarter last year.
Several large investors have recently bought and sold shares of INST. NumerixS Investment Technologies Inc bought a new position in shares of Instructure during the second quarter valued at approximately $103,000. Great West Life Assurance Co. Can grew its holdings in shares of Instructure by 121.5% during the second quarter. Great West Life Assurance Co. Can now owns 3,101 shares of the technology company’s stock valued at $132,000 after purchasing an additional 1,701 shares during the last quarter. Public Employees Retirement Association of Colorado bought a new position in shares of Instructure during the third quarter valued at approximately $200,000. Amalgamated Bank bought a new position in shares of Instructure during the second quarter valued at approximately $203,000. Finally, Atria Investments LLC bought a new position in shares of Instructure during the second quarter valued at approximately $216,000. 86.30% of the stock is owned by institutional investors.
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 K12 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 K12 schools.
Featured Article: Why do companies engage in swaps?
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.