Instructure (NYSE:INST) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday. The brokerage currently has a $39.00 price target on the technology company’s stock. Zacks Investment Research‘s price target would suggest a potential upside of 12.55% from the company’s previous close.

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. “

A number of other equities analysts have also recently commented on the company. Barrington Research reaffirmed a “buy” rating and issued a $50.00 target price on shares of Instructure in a report on Tuesday, October 16th. Raymond James decreased their target price on Instructure from $55.00 to $50.00 and set a “strong-buy” rating on the stock in a report on Wednesday, October 3rd. DA Davidson assumed coverage on Instructure in a research note on Wednesday, August 29th. They issued a “buy” rating and a $47.00 price target for the company. Morgan Stanley cut their price target on Instructure from $50.00 to $45.00 and set a “buy” rating for the company in a research note on Tuesday, October 30th. Finally, Credit Suisse Group assumed coverage on Instructure in a research note on Friday, November 9th. They issued a “neutral” rating and a $42.00 price target for the company. Seven investment 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. Instructure presently has a consensus rating of “Buy” and a consensus target price of $45.91.

Shares of Instructure stock opened at $34.65 on Wednesday. Instructure has a one year low of $29.48 and a one year high of $49.17. The firm has a market capitalization of $1.29 billion, a P/E ratio of -20.15 and a beta of 0.59.

Instructure (NYSE:INST) last announced its earnings results on Monday, October 29th. The technology company reported ($0.15) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.41) by $0.26. Instructure had a negative return on equity of 49.49% and a negative net margin of 24.15%. The company had revenue of $55.24 million for the quarter, compared to analysts’ expectations of $53.93 million. During the same period last year, the firm earned ($0.24) EPS. Instructure’s revenue for the quarter was up 27.9% compared to the same quarter last year. On average, analysts anticipate that Instructure will post -1.4 earnings per share for the current year.

Hedge funds have recently modified their holdings of the business. NumerixS Investment Technologies Inc purchased a new stake in Instructure in the 2nd quarter worth $103,000. Great West Life Assurance Co. Can increased its stake in Instructure by 121.5% in the 2nd quarter. Great West Life Assurance Co. Can now owns 3,101 shares of the technology company’s stock worth $132,000 after buying an additional 1,701 shares in the last quarter. Point72 Hong Kong Ltd purchased a new stake in Instructure in the 3rd quarter worth $162,000. Amalgamated Bank purchased a new stake in Instructure in the 2nd quarter worth $203,000. Finally, Atria Investments LLC purchased a new stake in Instructure in the 2nd quarter worth $216,000. Institutional investors and hedge funds own 85.20% 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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