Credit Suisse Group started coverage on shares of Instructure (NYSE:INST) in a research note published on Friday morning, Marketbeat.com reports. The brokerage issued a neutral rating and a $42.00 price objective on the technology company’s stock.

Several other research firms have also recently issued reports on INST. Barrington Research reaffirmed a buy rating and set a $50.00 price objective on shares of Instructure in a research report on Tuesday, October 16th. Morgan Stanley decreased their price objective on shares of Instructure from $50.00 to $45.00 and set a buy rating for the company in a research report on Tuesday, October 30th. Raymond James decreased their price objective on shares of Instructure from $50.00 to $45.00 and set a strong-buy rating for the company in a research report on Tuesday, October 30th. Oppenheimer reiterated a market perform rating and set a $41.00 price target on shares of Instructure in a research note on Tuesday, July 31st. Finally, MED lowered shares of Instructure from an outperform rating to a market perform rating in a research note on Tuesday, July 31st. They noted that the move was a valuation call. Eight analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of Buy and an average price target of $46.18.

Shares of Instructure stock traded up $0.03 during trading on Friday, hitting $37.32. 569,299 shares of the stock were exchanged, compared to its average volume of 742,850. The stock has a market cap of $1.32 billion, a P/E ratio of -21.70 and a beta of 0.59. Instructure has a 12-month low of $29.48 and a 12-month high of $49.17.

Instructure (NYSE:INST) last released its quarterly earnings data on Monday, October 29th. The technology company reported ($0.15) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.41) by $0.26. The business had revenue of $55.24 million during the quarter, compared to analysts’ expectations of $53.93 million. Instructure had a negative net margin of 24.15% and a negative return on equity of 49.49%. The company’s revenue for the quarter was up 27.9% on a year-over-year basis. During the same period in the previous year, the company earned ($0.24) EPS. On average, sell-side analysts expect that Instructure will post -1.4 earnings per share for the current year.

A number of large investors have recently made changes to their positions in INST. NumerixS Investment Technologies Inc acquired a new stake in Instructure during the 2nd quarter worth $103,000. Great West Life Assurance Co. Can raised its stake in Instructure by 121.5% during the 2nd quarter. Great West Life Assurance Co. Can now owns 3,101 shares of the technology company’s stock worth $132,000 after acquiring an additional 1,701 shares in the last quarter. Public Employees Retirement Association of Colorado acquired a new stake in Instructure during the 3rd quarter worth $200,000. Amalgamated Bank acquired a new stake in Instructure during the 2nd quarter worth $203,000. Finally, Atria Investments LLC acquired a new stake in Instructure during the 2nd quarter worth $216,000. Hedge funds and other institutional investors own 85.88% 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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Analyst Recommendations for Instructure (NYSE:INST)

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