Instructure’s (INST) “Buy” Rating Reiterated at Barrington Research

Barrington Research restated their buy rating on shares of Instructure (NYSE:INST) in a report issued on Tuesday morning. The brokerage currently has a $50.00 target price on the technology company’s stock.

A number of other equities analysts have also commented on the stock. Zacks Investment Research lowered shares of Instructure from a hold rating to a sell rating in a report on Saturday, October 6th. Raymond James reduced their target price on shares of Instructure from $55.00 to $50.00 and set a strong-buy rating on the stock in a report on Wednesday, October 3rd. DA Davidson began coverage on shares of Instructure in a report on Wednesday, August 29th. They set a buy rating and a $47.00 target price on the stock. Oppenheimer reaffirmed a market perform rating and set a $41.00 target price on shares of Instructure in a report on Tuesday, July 31st. Finally, MED lowered shares of Instructure from an outperform rating to a market perform rating in a report on Tuesday, July 31st. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Instructure presently has a consensus rating of Buy and an average price target of $48.09.

Shares of NYSE:INST opened at $31.97 on Tuesday. The firm has a market capitalization of $1.14 billion, a PE ratio of -18.59 and a beta of 0.90. Instructure has a one year low of $29.48 and a one year high of $49.17.

Instructure (NYSE:INST) last issued its quarterly earnings results on Monday, July 30th. The technology company reported ($0.24) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.43) by $0.19. The firm had revenue of $50.10 million for the quarter, compared to analyst estimates of $49.46 million. Instructure had a negative net margin of 26.24% and a negative return on equity of 78.26%. The business’s revenue for the quarter was up 30.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.32) EPS. On average, equities research analysts expect that Instructure will post -1.57 earnings per share for the current fiscal year.

Several large investors have recently bought and sold shares of the company. Public Employees Retirement System of Ohio lifted its position in shares of Instructure by 3.6% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 39,276 shares of the technology company’s stock worth $1,671,000 after purchasing an additional 1,364 shares during the period. Raymond James & Associates lifted its position in shares of Instructure by 7.5% in the 2nd quarter. Raymond James & Associates now owns 22,019 shares of the technology company’s stock worth $937,000 after purchasing an additional 1,531 shares during the period. Great West Life Assurance Co. Can lifted its position in shares of Instructure by 121.5% in the 2nd quarter. Great West Life Assurance Co. Can now owns 3,101 shares of the technology company’s stock worth $132,000 after purchasing an additional 1,701 shares during the period. New York State Common Retirement Fund lifted its position in shares of Instructure by 1.3% in the 1st quarter. New York State Common Retirement Fund now owns 141,066 shares of the technology company’s stock worth $5,946,000 after purchasing an additional 1,749 shares during the period. Finally, Gagnon Advisors LLC lifted its position in shares of Instructure by 1.7% in the 2nd quarter. Gagnon Advisors LLC now owns 121,669 shares of the technology company’s stock worth $5,177,000 after purchasing an additional 2,070 shares during the period. 85.42% of the stock is owned by hedge funds and other institutional investors.

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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