Is Textura Corp (NYSE: TXTR) still on Barrington Research's "Best Ideas List"?

While I hate to single out a single stock to comment on, I will, nonetheless, do that once again …. on Textura Corp.

In January, TheStreetInsider published two notes about Barrington Research’s opinions on Textura.

In the first note (further below), Barrington Research added Textura to its “Best Ideas List”.  The day before that note was published, Textura closed at $30.98.

In the second note (immediately below my commentary), Barrington Research said that they see “a buying opportunity in Textura” and reiterated is outperform rating and $55.00 price target.  The day before that note was published, Textura closed at $34.87.

Here’s  quote on Textura from this afternoon, April 4^th:

Textura Corp

(NYSE:TXTR)

21.53

-1.82 (-7.79%)

Real-time:   2:25PM EDT (per Google Finance)

Based on activity in Textura shares, if you bought Textura shares when Barrington first put it on its “Best Ideas List” and were lucky enough to have sold it when Barrington published its second note, you came out a winner – between the two notes, Textura stock advanced by nearly $4.00 per share.

BUT, if you bought when the first note was published and are still holding Textura, you’re a loser, big-time.  Since that second note, Textura’s shares have gone down, this afternoon trading at around $21.53. (You’d be down about $8.50 per share.)

I kind of wonder if Barrington Research continues to maintain its opinion of a $55.00 per share target-price for Textura.  Something miraculous is going to have to happen for Textura’s share price to climb to, or climb close to, that target.

Barrington Sees Buying Opportunity in Textura (TXTR); Confusion Over Acquired Revenue Write-Off

January 31, 2014 11:52 AM EST, http://www.streetinsider.com/

Barrington Research maintained an Outperform rating on Textura Corp (NYSE: TXTR) with a price target of $55.00. Analyst Jeff Houston sees opportunity after shares declined post-earnings. He ties the decline to confusion over acquired revenue write‐off.

"Textura reported fiscal Q1/14 (ended December) results yesterday after the close. Revenue and adjusted EPS were above expectations and management maintained full‐year revenue expectations. The company also introduced profitability guidance, which we expect investors to welcome with open arms because it indicates that Textura has a solid grasp on its business model and expenses—quite impressive for a company at this stage of corporate development, in our opinion," said Houston.

"While it appears that fiscal 2014 EPS guidance was below consensus, it is simply attributable to GAAP requirements to write‐off deferred revenue for the December 2nd Latista acquisition, which we and the rest of the Street did not model. Some SaaS companies choose to introduce non‐GAAP revenue in these situations," he added.

For an analyst ratings summary and ratings history on Textura Corp click here. For more ratings news on Textura Corp click here.

Shares of Textura Corp closed at $34.87 yesterday.

Textura Corp (TXTR) Added to Barrington Research's Best Ideas List

January 6, 2014 3:30 PM EST, http://www.streetinsider.com/

Barrington Research maintained an Outperform rating on Textura Corp (NYSE: TXTR) with a price target of $55.00. The stock was also added the the firm's Best Ideas List.

"A rogue short report published the day after Christmas caused a 25% sell off in Textura’s stock. While the report created an attractive buying opportunity, we view all of the issues mentioned as baseless," said analyst Jeff Houston.

"The company's disruptive technology is revolutionizing and modernizing the commercial construction industry, which is large and underpenetrated. Besides first mover advantage, patent protection, pricing power, and opportunities to cross‐sell and expand globally, we like that sub‐contractors generate most (75%) of CPM revenue and are required by Textura's GC clients to use the solution. Also, the recovering construction industry presents a tailwind. Despite execution risk, our forecast for a significant profitability ramp and continued 50% organic growth in 2015 justifies a significant valuation premium," he added.

For an analyst ratings summary and ratings history on Textura Corp click here. For more ratings news on Textura Corp click here.

Shares of Textura Corp closed at $30.98 yesterday.