In a report released today, Brian Schwartz from Oppenheimer maintained a Hold rating on Instructure Inc (INST). The company’s shares closed yesterday at $46.75, close to its 52-week high of $50.19.
Schwartz commented:
“Instructure’s first-quarter results were mostly ahead of consensus and management did not push the 1Q beat to the high end of annual guidance, which lowers estimate risks. On balance, cash flow missed expectations and the bookings performance looks uneven with international strength offset by a soft US revenue optic. By segment, the corporate business commentary was solid while the Ed Tech segment generated similar operating trends with 2018. Bottom Line: While we wait to gain more confidence that the new leadership strategy and execution are working before turning bullish, we see the seeds planted for a good improving business story on Instructure in 2H:2019. There is also an activist investor and omnipresent private equity buyer in SaaS providing decent valuation support on the name. Maintain Perform.”
According to TipRanks.com, Schwartz is a top 25 analyst with an average return of 29.3% and a 78.4% success rate. Schwartz covers the Technology sector, focusing on stocks such as Salesforce.com, MiX Telematics, and Trade Desk Inc.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Instructure Inc with a $47.75 average 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.
