Instructure (INST) Rating Lowered to Outperform at Raymond James

Instructure (NYSE:INST) was downgraded by research analysts at Raymond James from a “strong-buy” rating to an “outperform” rating in a research note issued to investors on Monday, The Fly reports.

Other research analysts have also issued research reports about the stock. Citigroup reduced their price objective on shares of Instructure from $55.00 to $50.00 and set a “buy” rating for the company in a research note on Wednesday, October 31st. Morgan Stanley reduced their price objective on shares of Instructure from $50.00 to $45.00 and set a “buy” rating for the company in a research note on Tuesday, October 30th. Barrington Research reissued a “buy” rating and set a $50.00 target price on shares of Instructure in a research report on Tuesday, October 16th. Zacks Investment Research raised shares of Instructure from a “hold” rating to a “buy” rating and set a $39.00 target price on the stock in a research report on Wednesday, November 21st. Finally, ValuEngine raised shares of Instructure from a “hold” rating to a “buy” rating in a research report on Wednesday, December 12th. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $46.18.

NYSE INST opened at $40.51 on Monday. The company has a market cap of $1.43 billion, a P/E ratio of -23.55 and a beta of 0.51. Instructure has a 52 week low of $29.48 and a 52 week high of $49.17.

Instructure (NYSE:INST) last posted its quarterly earnings data on Monday, October 29th. The technology company reported ($0.15) EPS for the quarter, topping the consensus estimate of ($0.41) by $0.26. The firm 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%. Instructure’s revenue was up 27.9% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.24) EPS. On average, analysts forecast that Instructure will post -1.4 earnings per share for the current year.

A number of large investors have recently added to or reduced their stakes in INST. Mackenzie Financial Corp purchased a new stake in Instructure during the 3rd quarter worth approximately $41,945,000. BlackRock Inc. boosted its holdings in shares of Instructure by 45.9% in the 2nd quarter. BlackRock Inc. now owns 2,048,534 shares of the technology company’s stock valued at $87,166,000 after acquiring an additional 644,946 shares during the last quarter. Voya Investment Management LLC boosted its holdings in shares of Instructure by 5,104.5% in the 2nd quarter. Voya Investment Management LLC now owns 485,322 shares of the technology company’s stock valued at $20,650,000 after acquiring an additional 475,997 shares during the last quarter. EastBay Asset Management LLC purchased a new stake in shares of Instructure in the 3rd quarter valued at $12,114,000. Finally, Emerald Mutual Fund Advisers Trust boosted its holdings in shares of Instructure by 63.0% in the 3rd quarter. Emerald Mutual Fund Advisers Trust now owns 551,559 shares of the technology company’s stock valued at $19,525,000 after acquiring an additional 213,125 shares during the last quarter. 84.88% of the stock is currently owned by institutional investors.

Instructure Company Profile

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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