Some of the Analysts Who Set Price Targets on Textura (NYSE: TXTR) are Bozo's!

On Thursday, November 5^th, shares of Textura (NYSE: TXTR) closed at $29.16.

The next day, a brief analyst-price-target-update note appeared on www.otcoutlook.com and here’s what that note said:

Analyst Price Target Update on Textura Corporation

November 6, 2015

Textura Corporation (NYSE:TXTR): The stock price is expected to reach $ 35.75 in the short term. The number of analysts agreeing with this consensus is 4. The higher estimate for the short term price target is at $40 while the lower estimate is at $33. The standard deviation of the price stands at $2.99.

Analysts at Zacks have given a short term rating of hold on Textura Corporation (NYSE:TXTR) with a rank of 3. The shares have received an average rating of 1 from 4 brokerage firms. 4 analysts have rated the company as a strong buy.

http://www.otcoutlook.com/analyst-price-target-update-on-textura-corporation/6141532/

Then later on, on November 9^th, Textura released its most recent quarterly results.  Its EPS beat estimates by a penny per share, but its revenues fell somewhat short.

After that news, Textura shares plunged to $23.62 (market closed on November 10^th.)

Question: do the analysts who’ve set “short term” price targets ranging from $33 to $40 actually get paid for the advice they give?  Hmmmm.

About Textura:

Textura Corporation is a provider of cloud-based virtual collaboration and productivity technology tools in the construction industry. It covers all aspects of the project lifecycle, from take-off and estimating, pre-qualification, bid management, submittals, payment, and LEED management. The Companys solutions are focused on facilitating collaboration between owners/developers, general contractors and subcontractors and were designed from inception as a software-as-a-service (SaaS) solution with on-demand architecture. The Companys collaboration solutions offer functionality, data sharing and exchange capabilities, and workflow tools that support several business processes at various stages of the construction project lifecycle, which include Construction Payment Management, Submittal Exchange, GradeBeam, Pre-Qualification Management, LATISTA, PlanSwift, Greengrade, Default Claims Management and BidOrganizer.