Instructure (INST) PT Lowered to $45.00 at Morgan Stanley

Instructure (NYSE:INST) had its target price trimmed by Morgan Stanley from $50.00 to $45.00 in a research report released on Tuesday. The brokerage currently has a buy rating on the technology company’s stock.

INST has been the topic of several other research reports. Raymond James lowered their target price on Instructure from $55.00 to $50.00 and set a strong-buy rating on the stock in a report on Wednesday, October 3rd. MED lowered 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. DA Davidson started coverage on Instructure in a report on Wednesday, August 29th. They issued a buy rating and a $47.00 target price on the stock. Macquarie lowered Instructure from an outperform rating to a neutral rating and set a $41.00 target price on the stock. in a report on Thursday, July 19th. Finally, Zacks Investment Research lowered Instructure from a buy rating to a hold rating in a report on Wednesday, July 4th. Seven equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average price target of $47.18.

Shares of INST stock opened at $35.50 on Tuesday. Instructure has a 1-year low of $29.48 and a 1-year high of $49.17. The firm has a market cap of $1.10 billion, a P/E ratio of -20.64 and a beta of 0.90.



Instructure (NYSE:INST) last posted its earnings results on Monday, October 29th. The technology company reported ($0.15) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.41) by $0.26. The company had revenue of $55.24 million for the quarter, compared to analyst estimates of $53.93 million. Instructure had a negative return on equity of 54.63% and a negative net margin of 24.15%. Instructure’s revenue was up 27.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.24) earnings per share. Analysts expect that Instructure will post -1.57 EPS for the current fiscal year.

Several large investors have recently modified their holdings of INST. BlackRock Inc. lifted its position in shares of Instructure by 45.9% in the second 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 in the last quarter. Voya Investment Management LLC lifted its position in shares of Instructure by 5,104.5% in the second 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 in the last quarter. Emerald Advisers Inc. PA lifted its position in shares of Instructure by 201.9% in the second quarter. Emerald Advisers Inc. PA now owns 529,314 shares of the technology company’s stock valued at $22,522,000 after acquiring an additional 354,014 shares in the last quarter. EastBay Asset Management LLC purchased a new stake in shares of Instructure in the third quarter valued at $12,114,000. Finally, Wells Fargo & Company MN lifted its position in shares of Instructure by 133.2% in the second quarter. Wells Fargo & Company MN now owns 481,425 shares of the technology company’s stock valued at $20,485,000 after acquiring an additional 275,025 shares in the last quarter. Institutional investors and hedge funds own 86.30% of the company’s stock.

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.

Further Reading: Why do company’s buyback their stock?

Analyst Recommendations for Instructure (NYSE:INST)

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