Shares of Actua Corporation (NASDAQ:ACTA) have been assigned a consensus broker rating score of 1.00 (Strong Buy) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. Two research analysts have rated the stock with a strong buy recommendation.

Brokerages have set a twelve-month consensus price target of $17.00 for the company and are anticipating that the company will post ($0.03) EPS for the current quarter, according to Zacks. Zacks has also assigned Actua Corporation an industry rank of 180 out of 265 based on the ratings given to related companies.

A number of research analysts have recently weighed in on the company. ValuEngine raised Actua Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday. Zacks Investment Research downgraded Actua Corporation from a “hold” rating to a “sell” rating in a research note on Monday, September 25th. Finally, BidaskClub downgraded Actua Corporation from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 26th.

Several hedge funds have recently bought and sold shares of the company. Dimensional Fund Advisors LP lifted its stake in shares of Actua Corporation by 6.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,669,742 shares of the software maker’s stock valued at $37,510,000 after purchasing an additional 159,629 shares during the period. Renaissance Technologies LLC lifted its stake in shares of Actua Corporation by 99.7% in the 2nd quarter. Renaissance Technologies LLC now owns 1,325,719 shares of the software maker’s stock valued at $18,626,000 after purchasing an additional 661,800 shares during the period. State Street Corp lifted its stake in shares of Actua Corporation by 14.0% in the 2nd quarter. State Street Corp now owns 683,241 shares of the software maker’s stock valued at $9,597,000 after purchasing an additional 83,956 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Actua Corporation by 9.7% in the 1st quarter. Bank of New York Mellon Corp now owns 326,072 shares of the software maker’s stock valued at $4,581,000 after purchasing an additional 28,882 shares during the period. Finally, Geode Capital Management LLC lifted its stake in shares of Actua Corporation by 3.7% in the 1st quarter. Geode Capital Management LLC now owns 299,303 shares of the software maker’s stock valued at $4,205,000 after purchasing an additional 10,591 shares during the period. 73.12% of the stock is currently owned by institutional investors.

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Shares of Actua Corporation (NASDAQ:ACTA) traded up 0.33% during trading on Wednesday, hitting $15.30. The company had a trading volume of 213,569 shares. Actua Corporation has a 12-month low of $10.19 and a 12-month high of $15.45. The firm has a 50 day moving average of $12.61 and a 200 day moving average of $13.66. The stock has a market cap of $473.72 million, a PE ratio of 6.46 and a beta of 1.63.

Actua Corporation (NASDAQ:ACTA) last posted its quarterly earnings data on Wednesday, August 9th. The software maker reported ($0.14) earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter was up 16.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.35) EPS. On average, analysts forecast that Actua Corporation will post ($0.12) earnings per share for the current fiscal year.

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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