Actua Corporation (ACTA) Downgraded to “Sell” at ValuEngine

ValuEngine downgraded shares of Actua Corporation (NASDAQ:ACTA) from a hold rating to a sell rating in a report issued on Wednesday.

A number of other analysts have also commented on ACTA. Zacks Investment Research upgraded shares of Actua Corporation from a sell rating to a hold rating in a research note on Tuesday, July 4th. BidaskClub lowered shares of Actua Corporation from a sell rating to a strong sell rating in a research note on Tuesday, August 8th. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the stock. The stock currently has an average rating of Hold and a consensus target price of $16.00.

Shares of Actua Corporation (NASDAQ ACTA) traded up 1.440% during mid-day trading on Wednesday, hitting $12.325. 16,749 shares of the company were exchanged. The company has a 50 day moving average of $12.83 and a 200 day moving average of $13.71. Actua Corporation has a 52 week low of $10.09 and a 52 week high of $15.28. The company has a market capitalization of $381.61 million, a P/E ratio of 5.200 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) EPS for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.01. Actua Corporation had a net margin of 67.78% and a negative return on equity of 5.42%. The firm had revenue of $31.19 million during the quarter, compared to analyst estimates of $31.57 million. During the same period in the previous year, the business posted ($0.35) earnings per share. The business’s revenue for the quarter was up 16.1% on a year-over-year basis. Equities analysts anticipate that Actua Corporation will post ($0.12) earnings per share for the current year.

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A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Nationwide Fund Advisors grew its position in Actua Corporation by 1.0% during the first quarter. Nationwide Fund Advisors now owns 31,620 shares of the software maker’s stock valued at $444,000 after buying an additional 316 shares during the period. Schwab Charles Investment Management Inc. grew its position in Actua Corporation by 0.6% during the second quarter. Schwab Charles Investment Management Inc. now owns 127,085 shares of the software maker’s stock valued at $1,786,000 after buying an additional 703 shares during the period. Bank of America Corp DE grew its position in Actua Corporation by 14.2% during 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 during the period. American International Group Inc. grew its position in Actua Corporation by 7.1% during the first quarter. American International Group Inc. now owns 22,144 shares of the software maker’s stock valued at $311,000 after buying an additional 1,461 shares during the period. Finally, Voya Investment Management LLC grew its position in Actua Corporation by 7.2% during the second quarter. Voya Investment Management LLC now owns 24,084 shares of the software maker’s stock valued at $338,000 after buying an additional 1,608 shares during the period. Institutional investors own 73.37% 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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