Barrington Believes Instructure Inc (INST) Still Has Room to Grow


In a report released today, Alexander Paris from Barrington maintained a Buy rating on Instructure Inc (INST), with a price target of $50. The company’s shares opened today at $47.31, close to its 52-week high of $49.18.

Paris commented:

“We believe that as Instructure moves towards profitability, its valuation multiple will continue to expand and close the gap versus its peers. As such, we are reiterating our OUTPERFORM investment rating and price target of $50. Company Description Instructure, Inc. provides applications for learning, assessment, development and engagement. The firm develops, delivers, manages and tracks engaging academic and employee development programs. It operates in a single operating segment, cloud-based learning management, assessment and performance systems. The company was founded by Devlin Daley and Brian Whitmer in September 2008 and is headquartered in Salt Lake City, UT.”

According to TipRanks.com, Paris is a 4-star analyst with an average return of 8.6% and a 52.2% success rate. Paris covers the Services sector, focusing on stocks such as Adtalem Global Education Inc, American Public Education, and Strategic Education Inc.

Currently, the analyst consensus on Instructure Inc is a Moderate Buy with an average price target of $47.75, implying a 0.9% upside from current levels. In a report released today, D.A. Davidson also maintained a Buy rating on the stock with a $47 price target.

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Based on Instructure Inc’s latest earnings release for the quarter ending December 31, the company reported a quarterly GAAP net loss of $7.59 million. In comparison, last year the company had a GAAP net loss of $11.87 million.

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Instructure, Inc. provides applications for learning, assessment, development and engagement. The firm develops, delivers, manages and tracks engaging academic and employee development programs. It operates in a single operating segment, cloud-based learning management, assessment and performance systems.

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