Shares of Actua Corp. (NASDAQ:ACTA) have been assigned a consensus broker rating score of 1.00 (Strong Buy) from the two brokers that provide coverage for the company, Zacks Investment Research reports. Two equities research analysts have rated the stock with a strong buy rating.
Brokerages have set a twelve-month consensus price target of $14.50 for the company and are forecasting that the company will post ($0.22) EPS for the current quarter, according to Zacks. Zacks has also assigned Actua Corp. an industry rank of 107 out of 265 based on the ratings given to its competitors.
Separately, Zacks Investment Research upgraded Actua Corp. from a “sell” rating to a “hold” rating in a research note on Friday, June 24th.
Shares of Actua Corp. (NASDAQ:ACTA) opened at 12.73 on Friday. The company has a 50-day moving average of $10.71 and a 200 day moving average of $9.79. Actua Corp. has a 12-month low of $7.28 and a 12-month high of $14.92. The company’s market cap is $468.64 million.
Actua Corp. (NASDAQ:ACTA) last posted its quarterly earnings results on Thursday, August 4th. The company reported ($0.10) earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.10). Actua Corp. had a negative return on equity of 11.06% and a negative net margin of 66.21%. The business earned $36.71 million during the quarter, compared to the consensus estimate of $37.25 million. During the same period in the prior year, the company posted ($0.41) EPS. The firm’s revenue for the quarter was up 9.5% compared to the same quarter last year. On average, equities research analysts expect that Actua Corp. will post ($0.38) EPS for the current year.
In other news, CFO Raymond Kirk Morgan sold 20,000 shares of the stock in a transaction that occurred on Monday, September 26th. The stock was sold at an average price of $12.02, for a total transaction of $240,400.00. Following the completion of the transaction, the chief financial officer now directly owns 197,856 shares in the company, valued at approximately $2,378,229.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 9.80% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Royal Bank of Canada increased its position in Actua Corp. by 73.7% in the second quarter. Royal Bank of Canada now owns 33,007 shares of the company’s stock worth $298,000 after buying an additional 14,000 shares in the last quarter. Paloma Partners Management Co purchased a new position in Actua Corp. during the second quarter worth approximately $138,000. Parametric Portfolio Associates LLC increased its position in Actua Corp. by 5.8% in the second quarter. Parametric Portfolio Associates LLC now owns 27,749 shares of the company’s stock worth $251,000 after buying an additional 1,511 shares in the last quarter. Citadel Advisors LLC purchased a new position in Actua Corp. during the second quarter worth approximately $241,000. Finally, Summit Securities Group LLC purchased a new position in Actua Corp. during the second quarter worth approximately $101,000. Hedge funds and other institutional investors own 74.47% 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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