Textura Corp Receives Buy Rating from JMP Securities (TXTR)
Textura Corp (NASDAQ:TXTR)‘s stock had its “buy” rating reaffirmed by investment analysts at JMP Securities in a note issued to investors on Monday, Stock Ratings Network reports. They currently have a $38.00 price objective on the stock. JMP Securities’ price target would suggest a potential downside of 11.79% from the stock’s previous close.
Textura Corp (NASDAQ:TXTR) traded up 3.48% on Monday, hitting $43.08. 605,836 shares of the company’s stock traded hands. Textura Corp has a 1-year low of $19.68 and a 1-year high of $44.17. The stock has a 50-day moving average of $38.27 and a 200-day moving average of $32.00. The company’s market cap is $1.031 billion.
Textura Corp (NASDAQ:TXTR) last posted its quarterly earnings results on Wednesday, August 7th. The company reported ($0.75) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.58) by $0.17. The company had revenue of $9.40 million for the quarter, compared to the consensus estimate of $9.11 million. During the same quarter in the previous year, the company posted ($0.38) earnings per share. The company’s revenue for the quarter was up 64.9% on a year-over-year basis. Analysts expect that Textura Corp will post $-1.54 EPS for the current fiscal year.
In other Textura Corp news, Insider Matt Ostanik unloaded 400,000 shares of the stock in a transaction dated Wednesday, September 25th. The stock was sold at an average price of $36.29, for a total transaction of $14,516,000.00. Following the sale, the insider now directly owns 259,822 shares in the company, valued at approximately $9,428,940. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
TXTR has been the subject of a number of other recent research reports. Analysts at Credit Suisse raised their price target on shares of Textura Corp (NASDAQ:TXTR) from $36.00 to $50.00 in a research note to investors on Monday. They now have a “buy” rating on the stock. Finally, analysts at Oppenheimer raised their price target on shares of Textura Corp (NASDAQ:TXTR) from $35.00 to $36.00 in a research note to investors on Thursday, August 8th. They now have an “outperform” rating on the stock. Five analysts have rated the stock with a buy rating, The stock has an average rating of “Buy” and a consensus price target of $36.20.
Textura Corporation is a provider of on-demand business collaboration software to the commercial construction industry.
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