TheStreet upgraded shares of Actua Corp. (NASDAQ:ACTA) from a sell rating to a hold rating in a research report released on Monday.
Separately, Zacks Investment Research upgraded Actua Corp. from a hold rating to a buy rating and set a $15.00 target price for the company in a research report on Thursday, November 10th.
Actua Corp. (NASDAQ:ACTA) opened at 13.90 on Monday. Actua Corp. has a 52-week low of $7.28 and a 52-week high of $13.95. The company’s market cap is $511.92 million. The company’s 50-day moving average price is $12.53 and its 200-day moving average price is $10.59.
Actua Corp. (NASDAQ:ACTA) last announced its earnings results on Thursday, November 3rd. The company reported ($0.04) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.11) by $0.07. Actua Corp. had a negative return on equity of 9.08% and a negative net margin of 66.44%. The business earned $27.90 million during the quarter, compared to analyst estimates of $39.67 million. During the same quarter in the previous year, the business earned ($0.07) earnings per share. The company’s revenue for the quarter was up 12.0% compared to the same quarter last year. Equities research analysts expect that Actua Corp. will post ($0.27) EPS for the current fiscal year.
In related news, CFO Raymond Kirk Morgan sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, September 26th. The stock was sold at an average price of $12.02, for a total value of $240,400.00. Following the completion of the sale, the chief financial officer now owns 197,856 shares in the company, valued at $2,378,229.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 9.80% of the stock is owned by corporate insiders.
Several hedge funds have recently made changes to their positions in the stock. Parametric Portfolio Associates LLC raised its stake in shares of Actua Corp. by 5.8% in the second quarter. Parametric Portfolio Associates LLC now owns 27,749 shares of the company’s stock worth $251,000 after buying an additional 1,511 shares during the last quarter. Citadel Advisors LLC purchased a new stake in shares of Actua Corp. during the second quarter worth about $241,000. Summit Securities Group LLC purchased a new stake in shares of Actua Corp. during the second quarter worth about $101,000. Teachers Advisors Inc. raised its stake in shares of Actua Corp. by 5.1% in the second quarter. Teachers Advisors Inc. now owns 86,077 shares of the company’s stock worth $777,000 after buying an additional 4,140 shares during the last quarter. Finally, Mycio Wealth Partners LLC purchased a new stake in shares of Actua Corp. during the second quarter worth about $135,000. Hedge funds and other institutional investors own 72.46% of the company’s stock.
Actua Corp. 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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