Brokerages Set Instructure Inc (INST) PT at $40.56

Shares of Instructure Inc (NYSE:INST) have been assigned a consensus recommendation of “Buy” from the thirteen ratings firms that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, seven have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $40.78.

A number of research firms have weighed in on INST. William Blair reissued a “market perform” rating on shares of Instructure in a report on Tuesday, February 13th. Oppenheimer increased their target price on Instructure from $41.00 to $43.00 and gave the company an “outperform” rating in a report on Tuesday, February 13th. SunTrust Banks increased their target price on Instructure to $47.00 and gave the company a “buy” rating in a report on Tuesday, February 13th. Morgan Stanley set a $42.00 target price on Instructure and gave the company a “buy” rating in a report on Tuesday, February 13th. Finally, Needham & Company LLC increased their target price on Instructure from $39.00 to $46.00 and gave the company a “strong-buy” rating in a report on Tuesday, February 13th.

In other news, SVP Matthew Kaminer sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $36.00, for a total value of $180,000.00. Following the transaction, the senior vice president now owns 22,498 shares of the company’s stock, valued at $809,928. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Ellen Levy sold 9,000 shares of the firm’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $34.55, for a total value of $310,950.00. Following the completion of the transaction, the director now directly owns 17,562 shares in the company, valued at approximately $606,767.10. The disclosure for this sale can be found here. Insiders sold 44,445 shares of company stock worth $1,594,596 in the last ninety days. Corporate insiders own 62.50% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the stock. Nine Ten Capital Management LLC grew its position in shares of Instructure by 4.3% during 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 purchasing an additional 113,576 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of Instructure by 9.2% during the third quarter. JPMorgan Chase & Co. now owns 2,619,726 shares of the technology company’s stock worth $85,403,000 after purchasing an additional 220,778 shares in the last quarter. BlackRock Inc. grew its position in shares of Instructure by 6.8% during the fourth quarter. BlackRock Inc. now owns 1,348,441 shares of the technology company’s stock worth $44,633,000 after purchasing an additional 85,498 shares in the last quarter. Janus Henderson Group PLC grew its position in shares of Instructure by 0.4% during the third quarter. Janus Henderson Group PLC now owns 1,182,196 shares of the technology company’s stock worth $39,190,000 after purchasing an additional 4,282 shares in the last quarter. Finally, FMR LLC grew its position in shares of Instructure by 45.9% during the second quarter. FMR LLC now owns 875,150 shares of the technology company’s stock worth $25,817,000 after purchasing an additional 275,150 shares in the last quarter. Hedge funds and other institutional investors own 78.93% of the company’s stock.

Instructure (INST) traded up $1.05 during mid-day trading on Tuesday, reaching $42.30. The company’s stock had a trading volume of 2,080,000 shares, compared to its average volume of 331,566. Instructure has a 52 week low of $22.00 and a 52 week high of $43.80. The company has a market capitalization of $1,313.25, a P/E ratio of -24.88 and a beta of 1.70.

Instructure (NYSE:INST) last posted its earnings results on Monday, February 12th. The technology company reported ($0.27) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.29) by $0.02. Instructure had a negative return on equity of 827.22% and a negative net margin of 31.37%. The company had revenue of $43.80 million for the quarter, compared to the consensus estimate of $41.43 million. During the same quarter in the prior year, the company earned ($0.35) earnings per share. Instructure’s revenue was up 39.0% on a year-over-year basis. equities analysts predict that Instructure will post -1.77 EPS for the current fiscal year.

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About Instructure

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.

Analyst Recommendations for Instructure (NYSE:INST)

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