Actua Corp. (NASDAQ:ACTA) has been given an average broker rating score of 1.00 (Strong Buy) from the two analysts that provide coverage for the company, Zacks Investment Research reports. Two investment analysts have rated the stock with a strong buy rating.
Brokers have set a 12 month consensus target price of $15.50 for the company and are expecting that the company will post ($0.17) EPS for the current quarter, according to Zacks. Zacks has also assigned Actua Corp. an industry rank of 48 out of 265 based on the ratings given to related companies.
A number of brokerages recently commented on ACTA. TheStreet upgraded Actua Corp. from a “sell” rating to a “hold” rating in a research report on Monday. Zacks Investment Research upgraded Actua Corp. from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a research report on Thursday, November 10th.
In other Actua Corp. news, CFO Raymond Kirk Morgan sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, September 14th. The stock was sold at an average price of $10.37, for a total transaction of $51,850.00. Following the transaction, the chief financial officer now owns 220,356 shares in the company, valued at $2,285,091.72. The sale was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 9.80% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in ACTA. Mycio Wealth Partners LLC acquired a new position in Actua Corp. during the second quarter valued at $135,000. Kalmar Investments Inc. DE boosted its position in Actua Corp. by 31.8% in the second quarter. Kalmar Investments Inc. DE now owns 248,012 shares of the company’s stock valued at $2,240,000 after buying an additional 59,796 shares during the period. Rice Hall James & Associates LLC boosted its position in Actua Corp. by 1.2% in the second quarter. Rice Hall James & Associates LLC now owns 1,046,745 shares of the company’s stock valued at $9,452,000 after buying an additional 12,058 shares during the period. Bank of Montreal Can acquired a new position in Actua Corp. during the second quarter valued at $9,311,000. Finally, Royce & Associates LP boosted its position in Actua Corp. by 6.6% in the second quarter. Royce & Associates LP now owns 321,983 shares of the company’s stock valued at $2,908,000 after buying an additional 20,000 shares during the period. Institutional investors and hedge funds own 72.46% of the company’s stock.
Shares of Actua Corp. (NASDAQ:ACTA) traded down 0.180% during trading on Friday, hitting $13.875. The stock had a trading volume of 29,128 shares. The company’s market capitalization is $511.00 million. The firm has a 50 day moving average of $12.53 and a 200 day moving average of $10.59. Actua Corp. has a 1-year low of $7.28 and a 1-year high of $13.95.
Actua Corp. (NASDAQ:ACTA) last announced its quarterly earnings data on Thursday, November 3rd. The company reported ($0.04) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.11) by $0.07. The firm earned $27.90 million during the quarter, compared to analyst estimates of $39.67 million. Actua Corp. had a negative return on equity of 9.08% and a negative net margin of 66.44%. The company’s revenue was up 12.0% on a year-over-year basis. During the same period last year, the company earned ($0.07) earnings per share. Analysts expect that Actua Corp. will post ($0.27) EPS for the current fiscal year.
About Actua Corp.
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.