Brokers Set Expectations for Actua Corp.’s Q1 2017 Earnings (ACTA)
Actua Corp. (NASDAQ:ACTA) – Equities researchers at Barrington Research issued their Q1 2017 earnings per share (EPS) estimates for shares of Actua Corp. in a report issued on Monday. Barrington Research analyst V. Colicchio expects that the firm will post earnings per share of ($0.08) for the quarter. Barrington Research also issued estimates for Actua Corp.’s Q2 2017 earnings at ($0.08) EPS, Q3 2017 earnings at ($0.06) EPS and Q4 2017 earnings at ($0.05) EPS.
Shares of Actua Corp. (NASDAQ:ACTA) opened at 13.30 on Wednesday. The firm has a 50-day moving average price of $12.04 and a 200-day moving average price of $10.30. The stock’s market cap is $489.12 million. Actua Corp. has a 12 month low of $7.28 and a 12 month high of $13.90.
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 analysts’ consensus estimates of ($0.11) by $0.07. The company had revenue of $27.90 million for the quarter, compared to analyst estimates of $39.67 million. Actua Corp. had a negative return on equity of 8.92% and a negative net margin of 66.44%. The firm’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.07) earnings per share.
In other news, CFO Raymond Kirk Morgan sold 5,000 shares of the stock in a transaction that occurred on Wednesday, September 14th. The shares were sold at an average price of $10.37, for a total value of $51,850.00. Following the sale, the chief financial officer now directly owns 220,356 shares in the company, valued at $2,285,091.72. The transaction 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 currently owned by insiders.
Hedge funds have recently added to or reduced their stakes in the stock. SG Americas Securities LLC acquired a new stake in Actua Corp. during the third quarter valued at approximately $105,000. Summit Securities Group LLC purchased a new stake in shares of Actua Corp. during the second quarter worth about $101,000. Los Angeles Capital Management & Equity Research Inc. raised its stake in shares of Actua Corp. by 18.6% in the third quarter. Los Angeles Capital Management & Equity Research Inc. now owns 12,394 shares of the company’s stock worth $161,000 after buying an additional 1,944 shares during the period. Emerald Acquisition Ltd. purchased a new stake in shares of Actua Corp. during the third quarter worth about $166,000. Finally, Boothbay Fund Management LLC raised its stake in shares of Actua Corp. by 8.9% in the first quarter. Boothbay Fund Management LLC now owns 14,049 shares of the company’s stock worth $127,000 after buying an additional 1,148 shares during the period. Institutional investors and hedge funds own 73.66% 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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