Actua Corporation (NASDAQ:ACTA) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday, October 10th.
According to Zacks, “Actua Corporation is a multi-vertical cloud company. The Company brings the power of the cloud to vertical markets and processes, including insurance, public sector communications and compliance. It operates in two business segments: the core reporting segment and the venture reporting segment. The Company’s core reporting segment includes those companies in which its management provides strategic direction and management assistance. Its venture reporting segment includes companies to which it generally devote less capital than it does to its core companies and, therefore, in which it holds relatively smaller ownership stakes than it does in the core companies. Actua Corporation, formerly known as ICG Group Inc Common Stock, is based in Radnor, Pennsylvania. “
Other research analysts have also issued research reports about the company. ValuEngine upgraded Actua Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, September 26th. BidaskClub lowered Actua Corporation from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 8th. Finally, Barrington Research lowered Actua Corporation from an “outperform” rating to a “market perform” rating in a research report on Wednesday, October 4th. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. Actua Corporation currently has an average rating of “Hold” and an average target price of $17.00.
Actua Corporation (NASDAQ:ACTA) opened at 15.65 on Tuesday. Actua Corporation has a 12-month low of $11.35 and a 12-month high of $15.95. The stock’s 50 day moving average is $14.07 and its 200 day moving average is $13.83. The stock has a market capitalization of $484.56 million, a PE ratio of 6.60 and a beta of 1.64.
Actua Corporation (NASDAQ:ACTA) last announced its earnings results on Wednesday, August 9th. The software maker reported ($0.14) EPS for the quarter, beating the consensus estimate of ($0.15) by $0.01. Actua Corporation had a negative return on equity of 5.42% and a net margin of 67.78%. The business had revenue of $31.19 million for the quarter, compared to the consensus estimate of $31.57 million. During the same period last year, the business posted ($0.35) EPS. The company’s revenue was up 16.1% on a year-over-year basis. Equities analysts anticipate that Actua Corporation will post ($0.12) EPS for the current fiscal year.
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In related news, CFO Raymond Kirk Morgan sold 1,687 shares of the business’s stock in a transaction that occurred on Tuesday, October 17th. The stock was sold at an average price of $15.60, for a total transaction of $26,317.20. Following the completion of the transaction, the chief financial officer now owns 155,360 shares in the company, valued at approximately $2,423,616. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 5,061 shares of company stock valued at $68,830 in the last 90 days. Insiders own 10.20% of the company’s stock.
A number of hedge funds have recently made changes to their positions in ACTA. SG Americas Securities LLC acquired a new position in Actua Corporation during the 1st quarter worth $112,000. Trexquant Investment LP acquired a new position in Actua Corporation during the 2nd quarter worth $149,000. Tudor Investment Corp ET AL bought a new stake in shares of Actua Corporation in the 2nd quarter worth $162,000. Bank of America Corp DE raised its stake in shares of Actua Corporation by 14.2% in the 1st quarter. Bank of America Corp DE now owns 11,671 shares of the software maker’s stock worth $164,000 after buying an additional 1,455 shares in the last quarter. Finally, Numeric Investors LLC bought a new stake in shares of Actua Corporation in the 2nd quarter worth $191,000. Institutional investors own 73.12% of the company’s stock.
Actua Corporation Company Profile
Actua Corporation, formerly ICG Group, Inc, is a multi-vertical cloud technology company. The Company operates through two segments, which include the vertical cloud segment and the vertical cloud (venture) segment. The Company’s vertical cloud-based businesses include Bolt Solutions Inc (Bolt), Folio Dynamics Holdings Inc (FolioDynamix), GovDelivery Holdings, Inc (GovDelivery) and VelocityEHS Holdings, Inc (VelocityEHS), which operate in the commercial and personal property and casualty insurance, wealth management, government communications and environmental, health and safety (EH&S) markets, respectively.
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