.jpg "Instructure Inc (NYSE: INST)")
Barrington analyst Alexander Paris reiterated a Buy rating on Instructure Inc (NYSE: INST) today and set a price target of $50. The company’s shares opened today at $40.45.
Paris commented:
“We view this discount as unwarranted given that Instructure’s projected growth rate is much higher at 30%/27% in 2018/2019, compared to an average of 21%/22% for the Ed Tech peer group and 19%/18% for the vertical‐focused SaaS peer group. As Instructure moves towards cash positive (2018E) and profitability (2020E), we would expect its multiple to expand versus its peers. As such, we are reiterating our OUTPERFORM investment rating and our 12‐month price target of $50, which assumes a 5.5x multiple on our 2019 revenue estimate, suggesting 25% upside from current levels.”
According to TipRanks.com, Paris is a 4-star analyst with an average return of 11.5% and a 53.9% success rate. Paris covers the Services sector, focusing on stocks such as Adtalem Global Education Inc, American Public Education, and Capella Education Company.
Instructure Inc has an analyst consensus of Strong Buy, with a price target consensus of $45.71.
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Based on Instructure Inc’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $47.99 million and GAAP net loss of $11.87 million. In comparison, last year the company earned revenue of $33.98 million and had a GAAP net loss of $12.73 million.
Based on the recent corporate insider activity of 55 insiders, corporate insider sentiment is negative on the stock.
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Instructure, Inc. is a software-as-a-service technology company, which engages in creating software. It also involves in providing cloud-based learning management platform for academic institutions and companies. The company was founded by Devlin Daley and Brian Whitmer in September, 2008 and is headquartered in Salt Lake City, UT.
