Instructure (NYSE:INST)‘s stock had its “buy” rating reaffirmed by equities researchers at Barrington Research in a report released on Wednesday. They presently have a $50.00 price target on the technology company’s stock. Barrington Research’s price objective suggests a potential upside of 22.58% from the stock’s current price.

INST has been the topic of several other reports. Raymond James decreased their price target on shares of Instructure from $55.00 to $50.00 and set a “strong-buy” rating on the stock in a research note on Wednesday, October 3rd. Citigroup decreased their price target on shares of Instructure from $55.00 to $50.00 and set a “buy” rating on the stock in a research note on Wednesday, October 31st. Zacks Investment Research downgraded shares of Instructure from a “buy” rating to a “hold” rating in a research note on Tuesday, December 11th. Credit Suisse Group assumed coverage on shares of Instructure in a research note on Friday, November 9th. They issued a “neutral” rating and a $42.00 price target on the stock. Finally, ValuEngine upgraded shares of Instructure from a “hold” rating to a “buy” rating in a research note on Wednesday, December 12th. Seven analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $46.18.

INST stock opened at $40.79 on Wednesday. Instructure has a 52 week low of $29.48 and a 52 week high of $49.17. The stock has a market capitalization of $1.43 billion, a P/E ratio of -23.72 and a beta of 0.51.

Instructure (NYSE:INST) last released its quarterly earnings results on Monday, October 29th. The technology company reported ($0.15) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.41) by $0.26. Instructure had a negative net margin of 24.15% and a negative return on equity of 49.49%. The business had revenue of $55.24 million for the quarter, compared to the consensus estimate of $53.93 million. During the same period in the prior year, the company posted ($0.24) earnings per share. Instructure’s revenue was up 27.9% compared to the same quarter last year. Research analysts anticipate that Instructure will post -1.4 EPS for the current fiscal year.

A number of institutional investors have recently made changes to their positions in the business. Vanguard Group Inc grew its stake in Instructure by 2.6% during the third quarter. Vanguard Group Inc now owns 1,474,891 shares of the technology company’s stock worth $52,211,000 after buying an additional 37,572 shares in the last quarter. Marshall Wace LLP acquired a new stake in Instructure during the third quarter worth about $1,782,000. Vanguard Group Inc. grew its stake in Instructure by 2.6% during the third quarter. Vanguard Group Inc. now owns 1,474,891 shares of the technology company’s stock worth $52,211,000 after buying an additional 37,572 shares in the last quarter. Mackenzie Financial Corp acquired a new stake in Instructure during the third quarter worth about $41,945,000. Finally, Summit Global Investments grew its stake in Instructure by 13.1% during the third quarter. Summit Global Investments now owns 18,100 shares of the technology company’s stock worth $641,000 after buying an additional 2,100 shares in the last quarter. Hedge funds and other institutional investors own 84.88% of the company’s stock.

Instructure Company Profile

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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