Actua Corporation (ACTA) Stock Rating Lowered by BidaskClub

Actua Corporation (NASDAQ:ACTA) was downgraded by stock analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a report released on Tuesday, August 8th.

Separately, Zacks Investment Research upgraded Actua Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, July 4th.

Actua Corporation (NASDAQ:ACTA) traded down 0.39% during trading on Tuesday, reaching $12.65. The company had a trading volume of 108,035 shares. Actua Corporation has a one year low of $9.42 and a one year high of $15.28. The firm has a market capitalization of $391.67 million, a P/E ratio of 5.34 and a beta of 1.62. The firm’s 50-day moving average price is $13.45 and its 200 day moving average price is $13.88.

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. Actua Corporation had a negative return on equity of 5.42% and a net margin of 67.78%. The business had revenue of $31.19 million during the quarter, compared to analyst estimates of $31.57 million. During the same quarter in the prior year, the business posted ($0.35) EPS. Actua Corporation’s revenue for the quarter was up 16.1% compared to the same quarter last year. Equities analysts forecast that Actua Corporation will post ($0.12) earnings per share for the current fiscal year.

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Several hedge funds and other institutional investors have recently modified their holdings of the stock. SG Americas Securities LLC bought a new position in Actua Corporation during the first quarter valued at approximately $112,000. Trexquant Investment LP bought a new position in Actua Corporation during the second quarter valued at approximately $149,000. Tudor Investment Corp ET AL bought a new position in Actua Corporation during the second quarter valued at approximately $162,000. Bank of America Corp DE raised its position in 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 valued at $164,000 after buying an additional 1,455 shares in the last quarter. Finally, Numeric Investors LLC bought a new position in Actua Corporation during the second quarter valued at approximately $191,000. Hedge funds and other institutional investors own 73.65% of the company’s stock.

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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