Wall Street brokerages expect that Actua Corporation (NASDAQ:ACTA) will post ($0.03) earnings per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Actua Corporation’s earnings. Actua Corporation posted earnings of ($0.04) per share in the same quarter last year, which would suggest a positive year over year growth rate of 25%. The business is scheduled to issue its next quarterly earnings report on Thursday, November 2nd.

According to Zacks, analysts expect that Actua Corporation will report full year earnings of ($0.13) per share for the current fiscal year, with EPS estimates ranging from ($0.13) to ($0.12). For the next financial year, analysts forecast that the business will report earnings of ($0.10) per share. Zacks’ earnings per share averages are an average based on a survey of research analysts that cover Actua Corporation.

Actua Corporation (NASDAQ:ACTA) last issued its quarterly earnings results on Wednesday, August 9th. The software maker reported ($0.14) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.15) by $0.01. The business had revenue of $31.19 million for the quarter, compared to the consensus estimate of $31.57 million. Actua Corporation had a negative return on equity of 5.42% and a net margin of 67.78%. The firm’s quarterly revenue was up 16.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.35) earnings per share.

Several analysts have recently commented on ACTA shares. Zacks Investment Research upgraded shares of Actua Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, July 4th. BidaskClub upgraded shares of Actua Corporation from a “strong sell” rating to a “sell” rating in a research report on Monday, August 14th.

Hedge funds have recently made changes to their positions in the stock. SG Americas Securities LLC bought a new stake in shares of Actua Corporation during the first quarter worth about $112,000. Trexquant Investment LP bought a new stake in shares of Actua Corporation during the second quarter worth about $149,000. Tudor Investment Corp ET AL bought a new stake in shares of Actua Corporation during the second quarter worth about $162,000. Bank of America Corp DE increased its stake in shares of Actua Corporation by 14.2% in the first 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 during the second quarter worth about $191,000. Hedge funds and other institutional investors own 73.37% of the company’s stock.

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Shares of Actua Corporation (NASDAQ:ACTA) traded down 0.39% during midday trading on Wednesday, hitting $12.70. The company’s stock had a trading volume of 141,311 shares. Actua Corporation has a 52-week low of $9.98 and a 52-week high of $15.27. The stock’s 50 day moving average is $13.28 and its 200-day moving average is $13.83. The firm has a market cap of $393.22 million, a P/E ratio of 5.36 and a beta of 1.62.

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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