Instructure (NYSE:INST) was downgraded by Raymond James from an “outperform” rating to a “market perform” rating in a research note issued on Friday, Marketbeat.com reports. They currently have a $45.20 target price on the technology company’s stock. Raymond James’ price objective would indicate a potential upside of 4.27% from the stock’s previous close.
A number of other brokerages also recently weighed in on INST. ValuEngine downgraded shares of Yara International ASA from a “hold” rating to a “sell” rating in a research note on Wednesday, March 27th. Zacks Investment Research downgraded shares of ExlService from a “hold” rating to a “sell” rating in a research note on Wednesday. TheStreet downgraded shares of UDR from a “b” rating to a “c” rating in a research note on Tuesday, April 30th. Finally, Barrington Research set a $110.00 target price on shares of Woodward, Inc.Common Stock and gave the stock a “buy” rating in a research note on Tuesday, April 23rd. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Instructure currently has an average rating of “Hold” and an average price target of $46.48.
Shares of NYSE INST opened at $43.35 on Friday. Instructure has a twelve month low of $29.48 and a twelve month high of $50.19. The business’s fifty day moving average price is $41.84. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.30.
Instructure (NYSE:INST) last announced its earnings results on Monday, April 29th. The technology company reported ($0.50) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.46) by ($0.04). Instructure had a negative return on equity of 37.56% and a negative net margin of 21.74%. The firm had revenue of $58.10 million for the quarter, compared to the consensus estimate of $57.24 million. During the same period in the prior year, the business earned ($0.21) EPS. Instructure’s quarterly revenue was up 21.0% on a year-over-year basis. On average, research analysts predict that Instructure will post -2.26 EPS for the current fiscal year.
In other Instructure news, insider Matthew Kaminer sold 5,000 shares of the firm’s stock in a transaction on Tuesday, April 16th. The shares were sold at an average price of $48.00, for a total value of $240,000.00. Following the completion of the sale, the insider now directly owns 32,020 shares in the company, valued at $1,536,960. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Steven B. Kaminsky sold 2,887 shares of Instructure stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $47.55, for a total transaction of $137,276.85. Following the transaction, the chief financial officer now owns 156,467 shares of the company’s stock, valued at $7,440,005.85. The disclosure for this sale can be found here. Insiders sold 44,887 shares of company stock valued at $1,945,387 over the last 90 days. Corporate insiders own 9.60% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Nine Ten Capital Management LLC grew its holdings in shares of Instructure by 3.5% during the fourth quarter. Nine Ten Capital Management LLC now owns 3,219,920 shares of the technology company’s stock valued at $120,779,000 after buying an additional 108,433 shares during the last quarter. BlackRock Inc. grew its holdings in shares of Instructure by 5.8% during the fourth quarter. BlackRock Inc. now owns 2,198,719 shares of the technology company’s stock valued at $82,474,000 after buying an additional 120,573 shares during the last quarter. TimesSquare Capital Management LLC grew its holdings in shares of Instructure by 43.7% during the first quarter. TimesSquare Capital Management LLC now owns 1,430,085 shares of the technology company’s stock valued at $67,386,000 after buying an additional 434,810 shares during the last quarter. FMR LLC grew its holdings in shares of Instructure by 26.0% during the first quarter. FMR LLC now owns 1,285,554 shares of the technology company’s stock valued at $60,575,000 after buying an additional 265,620 shares during the last quarter. Finally, Janus Henderson Group PLC grew its holdings in shares of Instructure by 12.4% during the first quarter. Janus Henderson Group PLC now owns 1,273,662 shares of the technology company’s stock valued at $60,015,000 after buying an additional 140,714 shares during the last quarter. Hedge funds and other institutional investors own 89.42% of the company’s stock.
Instructure Company Profile
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 KÂ12 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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