Instructure (NYSE:INST) Downgraded by First Analysis to “Neutral”

First Analysis downgraded shares of Instructure (NYSE:INST) from an outperform rating to a neutral rating in a research report released on Wednesday, The Fly reports.

Other equities analysts have also recently issued reports about the company. DA Davidson reaffirmed a buy rating on shares of Instructure in a report on Monday, September 16th. William Blair reissued a market perform rating on shares of Instructure in a report on Monday, August 12th. CIBC raised Instructure from a market perform rating to an outperform rating and set a $56.00 price target for the company in a report on Monday, August 12th. Zacks Investment Research upgraded Instructure from a hold rating to a buy rating and set a $50.00 price target for the company in a research report on Friday, November 1st. Finally, Oppenheimer raised Instructure from a market perform rating to an outperform rating and set a $56.00 price objective on the stock in a research note on Monday, August 12th. Eight research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of Hold and an average target price of $48.45.

NYSE INST traded up $0.06 during trading hours on Wednesday, hitting $48.81. 119,394 shares of the company’s stock traded hands, compared to its average volume of 453,262. Instructure has a 52 week low of $33.47 and a 52 week high of $54.31. The firm has a market capitalization of $2.00 billion, a P/E ratio of -39.58 and a beta of 0.52. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.28. The business’s fifty day moving average price is $48.12 and its two-hundred day moving average price is $42.79.

Instructure (NYSE:INST) last released its quarterly earnings results on Monday, October 28th. The technology company reported ($0.11) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.19) by $0.08. The business had revenue of $68.30 million for the quarter, compared to the consensus estimate of $68.08 million. Instructure had a negative net margin of 26.64% and a negative return on equity of 44.38%. The company’s quarterly revenue was up 23.5% on a year-over-year basis. During the same period last year, the firm earned ($0.15) earnings per share. On average, sell-side analysts expect that Instructure will post -2.1 EPS for the current fiscal year.

In other Instructure news, Director Joshua L. Coates sold 1,242 shares of the business’s stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $44.97, for a total value of $55,852.74. Following the sale, the director now owns 5,500 shares in the company, valued at approximately $247,335. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Steven B. Kaminsky sold 20,000 shares of the stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $41.43, for a total transaction of $828,600.00. Following the transaction, the chief financial officer now directly owns 183,817 shares of the company’s stock, valued at approximately $7,615,538.31. The disclosure for this sale can be found here. Insiders have sold a total of 188,398 shares of company stock worth $9,056,108 in the last three months. 9.60% of the stock is owned by corporate insiders.

Several institutional investors have recently modified their holdings of INST. Royal Bank of Canada grew its holdings in Instructure by 1.3% during the 2nd quarter. Royal Bank of Canada now owns 27,796 shares of the technology company’s stock valued at $1,181,000 after buying an additional 355 shares in the last quarter. Rhumbline Advisers boosted its position in shares of Instructure by 0.8% during the 3rd quarter. Rhumbline Advisers now owns 45,113 shares of the technology company’s stock valued at $1,748,000 after acquiring an additional 338 shares during the last quarter. California Public Employees Retirement System grew its holdings in shares of Instructure by 70.4% in the third quarter. California Public Employees Retirement System now owns 66,130 shares of the technology company’s stock valued at $2,562,000 after purchasing an additional 27,330 shares in the last quarter. CDAM UK Ltd grew its holdings in shares of Instructure by 15.0% in the third quarter. CDAM UK Ltd now owns 705,457 shares of the technology company’s stock valued at $27,329,000 after purchasing an additional 92,216 shares in the last quarter. Finally, Northern Trust Corp increased its position in Instructure by 1.2% in the second quarter. Northern Trust Corp now owns 399,030 shares of the technology company’s stock worth $16,959,000 after purchasing an additional 4,821 shares during the last quarter. Hedge funds and other institutional investors own 95.01% 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 KÂ-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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