Actua Corp. (ACTA) Upgraded to Hold by TheStreet
Separately, Zacks Investment Research upgraded shares of Actua Corp. from a hold rating to a buy rating and set a $15.00 price target on the stock in a research report on Thursday, November 10th.
Shares of Actua Corp. (NASDAQ:ACTA) traded up 1.09% on Monday, reaching $13.90. Actua Corp. has a 52-week low of $7.28 and a 52-week high of $13.90. The company’s market cap is $511.92 million. The company has a 50 day moving average price of $12.45 and a 200 day moving average price of $10.55.
Actua Corp. (NASDAQ:ACTA) last announced its quarterly earnings results on Thursday, November 3rd. The company reported ($0.04) earnings per share for the quarter, topping the consensus estimate of ($0.11) by $0.07. Actua Corp. had a negative net margin of 66.44% and a negative return on equity of 9.08%. The company had revenue of $27.90 million for the quarter, compared to analysts’ expectations of $39.67 million. During the same quarter in the previous year, the business posted ($0.07) earnings per share. Actua Corp.’s quarterly revenue was up 12.0% on a year-over-year basis. On average, analysts expect that Actua Corp. will post ($0.27) EPS for the current year.
In other Actua Corp. news, CFO Raymond Kirk Morgan sold 20,000 shares of the business’s stock in a transaction on Monday, September 26th. The shares were sold at an average price of $12.02, for a total transaction of $240,400.00. Following the transaction, the chief financial officer now owns 197,856 shares in the company, valued at $2,378,229.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 9.80% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Boothbay Fund Management LLC boosted its position in 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. Bank of Montreal Can bought a new position in Actua Corp. during the second quarter worth approximately $9,311,000. 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 worth $9,452,000 after buying an additional 12,058 shares during the last quarter. 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 worth $2,240,000 after buying an additional 59,796 shares during the last quarter. 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 worth $2,908,000 after buying an additional 20,000 shares during the last quarter. Institutional investors and hedge funds 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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