ValuEngine cut shares of Instructure (NYSE:INST) from a buy rating to a hold rating in a report released on Thursday morning, ValuEngine reports.
INST has been the subject of a number of other research reports. Raymond James cut Instructure from an outperform rating to a market perform rating and set a $45.20 price target for the company. in a report on Friday, July 12th. Oppenheimer raised Instructure from a market perform rating to an outperform rating and set a $56.00 price target for the company in a report on Monday, August 12th. DA Davidson reissued a buy rating on shares of Instructure in a report on Monday, September 16th. William Blair reissued a market perform rating on shares of Instructure in a report on Monday, August 12th. Finally, CIBC raised Instructure from a market perform rating to an outperform rating and set a $56.00 price target for the company in a report on Monday, August 12th. Seven analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock currently has an average rating of Buy and an average price target of $47.61.
NYSE INST traded down $0.62 during midday trading on Thursday, hitting $40.86. The company had a trading volume of 198,417 shares, compared to its average volume of 380,456. The company has a market capitalization of $1.54 billion, a PE ratio of -33.22 and a beta of 0.44. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.28. The firm has a 50-day moving average price of $39.87 and a 200-day moving average price of $42.14. Instructure has a twelve month low of $30.06 and a twelve month high of $50.19.
Instructure (NYSE:INST) last announced its quarterly earnings data on Monday, July 29th. The technology company reported ($0.58) earnings per share for the quarter, beating the Thomson Reuters’ 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 return on equity of 41.15% and a negative net margin of 24.07%. The company’s quarterly revenue was up 25.6% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.24) EPS. On average, equities analysts anticipate that Instructure will post -2.25 EPS for the current year.
In other Instructure news, Director Joshua L. Coates sold 5,000 shares of the company’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $39.76, for a total value of $198,800.00. Following the sale, the director now owns 5,500 shares in the company, valued at approximately $218,680. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Matthew Kaminer sold 2,000 shares of the company’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $39.05, for a total value of $78,100.00. Following the completion of the sale, the insider now owns 36,075 shares in the company, valued at approximately $1,408,728.75. The disclosure for this sale can be found here. Insiders have sold a total of 42,000 shares of company stock worth $1,718,900 in the last 90 days. 9.60% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Ashburton Jersey Ltd bought a new stake in shares of Instructure in the 2nd quarter valued at about $27,000. Aperio Group LLC bought a new stake in shares of Instructure in the 2nd quarter valued at about $58,000. Ladenburg Thalmann Financial Services Inc. bought a new stake in shares of Instructure in the 2nd quarter valued at about $63,000. Cubist Systematic Strategies LLC bought a new stake in shares of Instructure in the 2nd quarter valued at about $87,000. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Instructure during the 2nd quarter valued at about $112,000. Hedge funds and other institutional investors own 90.86% of the company’s stock.
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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