Instructure (NYSE:INST) Raised to “Buy” at Zacks Investment Research

Zacks Investment Research upgraded shares of Instructure (NYSE:INST) from a hold rating to a buy rating in a research note issued to investors on Wednesday, Zacks.com reports. They currently have $49.00 price target on the technology company’s stock.

According to Zacks, “Instructure, Inc. provides cloud-based online education technology. It develops Canvas, a learning management application for the education market and Bridge, for the corporate market, to enable its customers to develop, deliver and manage face-to-face and online learning experiences. The company’s platform also provides data analytics that enable real-time reaction to information and benchmarking in order to personalize curricula and increase the efficacy of the learning process. Instructure, Inc. is based in Salt Lake City, Utah. “

Other equities analysts also recently issued reports about the company. ValuEngine downgraded Yara International ASA from a hold rating to a sell rating in a research note on Wednesday, March 27th. Barrington Research set a $110.00 target price on Woodward, Inc.Common Stock and gave the company a buy rating in a research note on Tuesday, April 23rd. Finally, TheStreet downgraded UDR from a b rating to a c rating in a research note on Tuesday, April 30th. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has an average rating of Buy and an average price target of $46.46.



INST stock traded down $0.42 during midday trading on Wednesday, reaching $45.20. The company had a trading volume of 385,200 shares, compared to its average volume of 364,417. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.39 and a quick ratio of 1.39. The stock’s 50 day moving average price is $41.84. Instructure has a fifty-two week low of $29.48 and a fifty-two week high of $50.19. The stock has a market cap of $1.57 billion, a price-to-earnings ratio of -36.75 and a beta of 0.48.

Instructure (NYSE:INST) last issued its earnings results on Monday, April 29th. The technology company reported ($0.50) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.46) by ($0.04). Instructure had a negative net margin of 21.74% and a negative return on equity of 37.56%. The company had revenue of $58.10 million during the quarter, compared to analyst estimates of $57.24 million. During the same quarter in the previous year, the firm earned ($0.21) earnings per share. The business’s revenue was up 21.0% on a year-over-year basis. As a group, analysts anticipate that Instructure will post -2.26 EPS for the current fiscal year.

In other news, Director Joshua L. Coates sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $43.00, for a total transaction of $215,000.00. Following the completion of the transaction, the director now directly owns 5,500 shares in the company, valued at $236,500. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Daniel Tucker Goldsmith acquired 2,500 shares of Instructure stock in a transaction dated Tuesday, May 7th. The shares were acquired at an average price of $41.85 per share, with a total value of $104,625.00. Following the completion of the transaction, the chief executive officer now owns 7,379 shares of the company’s stock, valued at approximately $308,811.15. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 46,288 shares of company stock valued at $2,011,948. Insiders own 9.60% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Foxhaven Asset Management LP acquired a new stake in Instructure in the fourth quarter worth approximately $40,606,000. Tensile Capital Management LLC acquired a new stake in Instructure in the fourth quarter worth approximately $33,647,000. Vista Equity Partners Management LLC lifted its position in Instructure by 670.7% in the fourth quarter. Vista Equity Partners Management LLC now owns 531,192 shares of the technology company’s stock worth $19,925,000 after purchasing an additional 462,272 shares during the period. TimesSquare Capital Management LLC lifted its position in Instructure by 43.7% in the first quarter. TimesSquare Capital Management LLC now owns 1,430,085 shares of the technology company’s stock worth $67,386,000 after purchasing an additional 434,810 shares during the period. Finally, FMR LLC lifted its position in Instructure by 50.7% in the fourth quarter. FMR LLC now owns 1,019,934 shares of the technology company’s stock worth $38,258,000 after purchasing an additional 343,103 shares during the period. Institutional investors and hedge funds own 89.42% of the company’s stock.

About Instructure

Instructure, Inc provides applications for learning, assessment, and performance management through a software-as-a-service business model worldwide. It develops Canvas, a learning management platform for K–12 and higher education; and Bridge, an employee development and engagement platform. The company's applications enhance academic and corporate learning by providing a system of engagement for teachers and learners, enabling frequent and open interactions, a streamlined workflow, and the creation and sharing of content with anytime, anywhere access to information.

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