Instructure (NYSE:INST) was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating in a report issued on Tuesday.
INST has been the subject of a number of other reports. Barrington Research restated a “buy” rating and set a $50.00 price target on shares of Instructure in a report on Wednesday, January 9th. Citigroup decreased their price target on shares of Instructure from $55.00 to $50.00 and set a “buy” rating for the company in a report on Wednesday, October 31st. Zacks Investment Research cut shares of Instructure from a “buy” rating to a “hold” rating in a report on Tuesday, December 11th. Raymond James cut shares of Instructure from a “strong-buy” rating to an “outperform” rating in a report on Monday, January 14th. Finally, Credit Suisse Group began coverage on shares of Instructure in a report on Friday, November 9th. They set a “neutral” rating and a $42.00 price target for the company. Eight investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Instructure has a consensus rating of “Hold” and an average target price of $46.18.
INST stock opened at $39.05 on Tuesday. Instructure has a 52-week low of $29.48 and a 52-week high of $49.17. The stock has a market cap of $1.44 billion, a price-to-earnings ratio of -22.70 and a beta of 0.49.
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 K12 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 K12 schools.
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To view ValuEngine’s full report, visit ValuEngine’s official website.
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