Oppenheimer Keeps a Hold Rating on Instructure Inc (INST)

By Carrie Williams

Oppenheimer analyst Brian Schwartz maintained a Hold rating on Instructure Inc (INSTResearch Report) today. The company’s shares closed yesterday at $42.58.

Schwartz observed:

“Instructure reported mixed 4Q results. The bookings missed the Street expectation from one large slipped Bridge deal and consistent Ed Tech headwinds while cost savings drove solid margin improvements. The 2019 guidance is set below consensus, but we believe it is appropriate given the leadership and operational changes. Positively, the 2019 growth initiatives sound plentiful and intriguing, but somewhat offset by diminishing transparency on Bridge. Bottom Line: While we see the seeds planted for propelling a good improving business story on Instructure, and a lurking private equity buyer in SaaS also provides valuation support, we think new investors may avoid the name until receiving more clarity that the leadership and go-to-market changes are improving the business in the upcoming reports. Maintain Perform rating.”

According to TipRanks.com, Schwartz is a top 25 analyst with an average return of 28.0% and a 76.9% success rate. Schwartz covers the Technology sector, focusing on stocks such as Salesforce.com, MiX Telematics, and Trade Desk Inc.

Instructure Inc has an analyst consensus of Moderate Buy, with a price target consensus of $49.50, which is a 16.3% upside from current levels. In a report released today, Morgan Stanley also downgraded the stock to Hold.

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The company has a one-year high of $49.18 and a one-year low of $29.48. Currently, Instructure Inc has an average volume of 333.4K.

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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.