Textura Corp (TXTR) is Downgraded by JMP Securities to Mkt Perform

Textura Corp (TXTR) was Downgraded by JMP Securities to ” Mkt Perform”. Earlier the firm had a rating of “Mkt Outperform ” on the company shares. JMP Securities advised their investors in a research report released on May 13, 2016.

Many Wall Street Analysts have commented on Textura Corp. Textura Corp was Downgraded by Barrington Research to ” Underperform” on May 3, 2016.

On the company’s financial health, Textura Corp reported $0.09 EPS for the quarter, based on the information available during the earnings call on Apr 28, 2016. Analyst had a consensus estimate of $0.09. The company had revenue of $24.70 million for the quarter, compared to analysts expectations of $24.21 million. The company’s revenue was up 28.6% compared to the same quarter last year.

Textura Corp opened for trading at $25.99 and hit $26.01 on the upside on Tuesday, eventually ending the session at $26, with a gain of 0.04% or 0.01 points. The heightened volatility saw the trading volume jump to 5,99,287 shares. Company has a market cap of $683 M.

Textura Corporation is a provider of collaboration and productivity tools for the construction industry. The Company’s solutions are focused on facilitating collaboration between owners/developers general contractors and subcontractors. The company’s collaboration solutions provide functionality data sharing and exchange capabilities and workflow tools that support several business processes undertaken by its clients. Its collaborative solutions include Construction Payment Management (CPM) Submittal Exchange GradeBeam Pre-Qualification Management (PQM) Greengrade and Latista. In addition to its collaborative solutions it offers others solutions which include PlanSwift and BidOrganizer. The Company offers its solutions to the different participants involved in construction. These participants may include owners/developers general contractors subcontractors architects material suppliers and others.

Textura Corp

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