Actua Corporation (NASDAQ:ACTA) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Thursday.

According to Zacks, “Actua Corporation is a multi-vertical cloud company. The Company brings the power of the cloud to vertical markets and processes, including insurance, public sector communications and compliance. It operates in two business segments: the core reporting segment and the venture reporting segment. The Company’s core reporting segment includes those companies in which its management provides strategic direction and management assistance. Its venture reporting segment includes companies to which it generally devote less capital than it does to its core companies and, therefore, in which it holds relatively smaller ownership stakes than it does in the core companies. Actua Corporation, formerly known as ICG Group Inc Common Stock, is based in Radnor, Pennsylvania. “

Separately, BidaskClub raised Actua Corporation from a “strong sell” rating to a “sell” rating in a research report on Monday, August 14th.

Shares of Actua Corporation (NASDAQ:ACTA) opened at 12.60 on Thursday. Actua Corporation has a 12-month low of $10.09 and a 12-month high of $15.27. The firm has a 50-day moving average price of $13.09 and a 200-day moving average price of $13.78. The firm has a market cap of $390.12 million, a price-to-earnings ratio of 5.32 and a beta of 1.63.

Actua Corporation (NASDAQ:ACTA) last announced its quarterly earnings results on Wednesday, August 9th. The software maker reported ($0.14) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.01. The firm 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 business’s revenue was up 16.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.35) earnings per share. Equities research analysts anticipate that Actua Corporation will post ($0.12) EPS for the current year.

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Institutional investors have recently made changes to their positions in the company. SG Americas Securities LLC acquired a new position in shares of Actua Corporation during the first quarter worth $112,000. Trexquant Investment LP acquired a new position in shares of Actua Corporation during the second quarter worth $149,000. Tudor Investment Corp ET AL acquired a new position in shares of Actua Corporation during the second quarter worth $162,000. Bank of America Corp DE increased its position 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 during the period. Finally, Numeric Investors LLC acquired a new position in shares of Actua Corporation during the second quarter worth $191,000. 73.37% of the stock is currently owned by hedge funds and other institutional investors.

About Actua Corporation

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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