BidaskClub lowered shares of Instructure, Inc. (NYSE:INST) from a strong-buy rating to a buy rating in a research report sent to investors on Saturday.

Several other research analysts have also issued reports on INST. Zacks Investment Research raised Instructure from a hold rating to a strong-buy rating and set a $26.00 target price for the company in a research report on Tuesday, April 11th. Needham & Company LLC raised their price objective on Instructure from $28.00 to $33.00 and gave the company a strong-buy rating in a research report on Tuesday, May 2nd. Jefferies Group LLC raised their price objective on Instructure from $27.00 to $30.00 and gave the company a buy rating in a research report on Tuesday, May 2nd. Oppenheimer Holdings, Inc. reaffirmed an outperform rating and set a $30.00 price objective (up previously from $27.00) on shares of Instructure in a research report on Thursday, May 4th. Finally, ValuEngine raised Instructure from a sell rating to a hold rating in a research report on Friday, June 2nd. Two research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Instructure has an average rating of Buy and a consensus price target of $35.75.

Shares of Instructure (INST) traded down 2.13% during midday trading on Friday, reaching $29.85. The company’s stock had a trading volume of 361,783 shares. Instructure has a 12-month low of $17.85 and a 12-month high of $34.10. The company’s 50-day moving average price is $29.23 and its 200 day moving average price is $25.27. The company’s market capitalization is $868.34 million.

Instructure (NYSE:INST) last announced its earnings results on Monday, July 31st. The technology company reported ($0.46) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.50) by $0.04. Instructure had a negative return on equity of 827.22% and a negative net margin of 38.12%. The firm had revenue of $38 million during the quarter, compared to analyst estimates of $37.09 million. During the same quarter in the prior year, the company earned ($0.44) EPS. The business’s revenue was up 46.7% compared to the same quarter last year. On average, equities research analysts forecast that Instructure will post ($1.24) earnings per share for the current year.

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In other Instructure news, EVP Marc T. Maloy sold 3,000 shares of the stock in a transaction on Monday, May 8th. The stock was sold at an average price of $25.21, for a total transaction of $75,630.00. Following the sale, the executive vice president now directly owns 12,614 shares in the company, valued at approximately $317,998.94. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Marc T. Maloy sold 2,000 shares of the stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $29.11, for a total value of $58,220.00. Following the sale, the executive vice president now owns 13,272 shares in the company, valued at $386,347.92. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 25,000 shares of company stock valued at $733,970. 62.50% of the stock is owned by corporate insiders.

A number of hedge funds have recently modified their holdings of INST. Russell Investments Group Ltd. increased its stake in shares of Instructure by 2.1% in the second quarter. Russell Investments Group Ltd. now owns 19,555 shares of the technology company’s stock valued at $577,000 after buying an additional 410 shares in the last quarter. American International Group Inc. increased its stake in shares of Instructure by 7.1% in the first quarter. American International Group Inc. now owns 6,466 shares of the technology company’s stock valued at $151,000 after buying an additional 426 shares in the last quarter. Strs Ohio increased its stake in shares of Instructure by 1.9% in the second quarter. Strs Ohio now owns 26,800 shares of the technology company’s stock valued at $790,000 after buying an additional 500 shares in the last quarter. Schwab Charles Investment Management Inc. increased its stake in shares of Instructure by 3.5% in the first quarter. Schwab Charles Investment Management Inc. now owns 25,367 shares of the technology company’s stock valued at $594,000 after buying an additional 855 shares in the last quarter. Finally, Keybank National Association OH increased its stake in shares of Instructure by 6.9% in the first quarter. Keybank National Association OH now owns 20,252 shares of the technology company’s stock valued at $474,000 after buying an additional 1,300 shares in the last quarter. Institutional investors and hedge funds own 65.19% of the company’s stock.

Instructure Company Profile

Instructure, Inc provides cloud-based learning management platform for academic institutions and companies across the world. The Company operates in the cloud-based learning management systems segment. The Company builds its learning management applications, Canvas 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.

Analyst Recommendations for Instructure (NYSE:INST)

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