ValuEngine Downgrades Instructure (INST) to Hold

ValuEngine downgraded shares of Instructure (NYSE:INST) from a buy rating to a hold rating in a research report report published on Thursday morning.

A number of other research analysts have also commented on INST. Zacks Investment Research lowered shares of Instructure from a buy rating to a hold rating in a research report on Wednesday, July 4th. Citigroup initiated coverage on shares of Instructure in a research report on Monday, July 16th. They set a buy rating and a $55.00 price objective for the company. Macquarie lowered shares of Instructure from an outperform rating to a neutral rating and set a $41.00 price objective for the company. in a research report on Thursday, July 19th. Needham & Company LLC upped their price objective on shares of Instructure from $50.00 to $58.00 and gave the company a buy rating in a research report on Thursday, July 26th. Finally, UBS Group lowered shares of Instructure from an outperform rating to a market perform rating in a research report on Tuesday, July 31st. Eight investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of Buy and a consensus price target of $46.60.

Instructure stock traded down $1.11 on Thursday, reaching $34.89. 24,874 shares of the stock were exchanged, compared to its average volume of 784,317. The firm has a market cap of $1.26 billion, a price-to-earnings ratio of -20.49 and a beta of 0.59. Instructure has a twelve month low of $29.48 and a twelve month high of $49.17.

Instructure (NYSE:INST) last announced its quarterly earnings data on Monday, October 29th. The technology company reported ($0.15) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.41) by $0.26. The business had revenue of $55.24 million during the quarter, compared to analyst estimates of $53.93 million. Instructure had a negative net margin of 24.15% and a negative return on equity of 49.49%. The firm’s revenue for the quarter was up 27.9% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.24) earnings per share. Analysts forecast that Instructure will post -1.4 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio increased its stake in Instructure by 3.6% in the second quarter. Public Employees Retirement System of Ohio now owns 39,276 shares of the technology company’s stock valued at $1,671,000 after acquiring an additional 1,364 shares during the period. Raymond James & Associates increased its stake in Instructure by 7.5% in the second quarter. Raymond James & Associates now owns 22,019 shares of the technology company’s stock valued at $937,000 after acquiring an additional 1,531 shares during the period. Great West Life Assurance Co. Can increased its stake in Instructure by 121.5% in 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 acquiring an additional 1,701 shares during the period. Gagnon Advisors LLC increased its stake in Instructure by 1.7% in the second quarter. Gagnon Advisors LLC now owns 121,669 shares of the technology company’s stock valued at $5,177,000 after acquiring an additional 2,070 shares during the period. Finally, State Board of Administration of Florida Retirement System increased its stake in Instructure by 8.4% in the second quarter. State Board of Administration of Florida Retirement System now owns 28,652 shares of the technology company’s stock valued at $1,219,000 after acquiring an additional 2,210 shares during the period. 85.88% of the stock is currently owned by institutional investors and hedge funds.

About Instructure

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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