Instructure (INST) Downgraded by ValuEngine

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.



Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Royce & Associates LP lifted its stake in shares of Instructure by 25.6% in the fourth quarter. Royce & Associates LP now owns 49,000 shares of the technology company’s stock valued at $1,838,000 after buying an additional 10,000 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Instructure by 9.0% in the fourth quarter. Bank of New York Mellon Corp now owns 132,428 shares of the technology company’s stock valued at $4,968,000 after buying an additional 10,941 shares during the period. BlackRock Inc. lifted its stake in shares of Instructure by 5.8% in 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 period. New York State Common Retirement Fund lifted its stake in shares of Instructure by 9.1% in the fourth quarter. New York State Common Retirement Fund now owns 133,166 shares of the technology company’s stock valued at $4,995,000 after buying an additional 11,158 shares during the period. Finally, First Washington CORP lifted its stake in shares of Instructure by 28.8% in the fourth quarter. First Washington CORP now owns 106,080 shares of the technology company’s stock valued at $3,979,000 after buying an additional 23,720 shares during the period. Institutional investors and hedge funds own 83.54% of the company’s stock.

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Instructure (NYSE:INST)

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