Actua Corporation (ACTA) Earning Somewhat Positive Press Coverage, Analysis Shows

News stories about Actua Corporation (NASDAQ:ACTA) have been trending somewhat positive on Thursday, according to Accern. The research group identifies positive and negative media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Actua Corporation earned a daily sentiment score of 0.11 on Accern’s scale. Accern also gave news headlines about the software maker an impact score of 45.0507931691922 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

Here are some of the headlines that may have impacted Accern Sentiment Analysis’s rankings:

Shares of Actua Corporation (ACTA) traded down 0.95% during mid-day trading on Thursday, hitting $15.70. The stock had a trading volume of 166,658 shares. The firm has a 50 day moving average of $13.46 and a 200 day moving average of $13.75. The stock has a market cap of $486.10 million, a price-to-earnings ratio of 6.62 and a beta of 1.64. Actua Corporation has a one year low of $11.20 and a one year high of $15.95.

Actua Corporation (NASDAQ:ACTA) last released its quarterly earnings data on Wednesday, August 9th. The software maker reported ($0.14) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.01. The company 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 company’s quarterly revenue was up 16.1% on a year-over-year basis. During the same period in the previous year, the business earned ($0.35) earnings per share. On average, analysts forecast that Actua Corporation will post ($0.12) earnings per share for the current year.

Several analysts have issued reports on the company. Zacks Investment Research cut Actua Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, August 15th. BidaskClub cut Actua Corporation from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 8th. Barrington Research cut Actua Corporation from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 4th. Finally, ValuEngine upgraded Actua Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, September 26th. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the company. Actua Corporation presently has a consensus rating of “Hold” and a consensus price target of $17.00.

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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.

Insider Buying and Selling by Quarter for Actua Corporation (NASDAQ:ACTA)

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