Actua Corporation (ACTA) Upgraded to “Hold” by Zacks Investment Research

Zacks Investment Research upgraded shares of Actua Corporation (NASDAQ:ACTA) from a sell rating to a hold rating in a research report released on Tuesday.

According to Zacks, “Actua Corporation is a multi-vertical cloud company. The Company brings the power of the cloud to vertical markets and processes, including insurance, public sector communications and compliance. It operates in two business segments: the core reporting segment and the venture reporting segment. The Company’s core reporting segment includes those companies in which its management provides strategic direction and management assistance. Its venture reporting segment includes companies to which it generally devote less capital than it does to its core companies and, therefore, in which it holds relatively smaller ownership stakes than it does in the core companies. Actua Corporation, formerly known as ICG Group Inc Common Stock, is based in Radnor, Pennsylvania. “

ACTA has been the subject of several other research reports. ValuEngine upgraded Actua Corporation from a sell rating to a hold rating in a research report on Tuesday, September 26th. BidaskClub cut Actua Corporation from a sell rating to a strong sell rating in a research report on Tuesday, August 8th. Finally, Barrington Research cut Actua Corporation from an outperform rating to a market perform rating in a research report on Wednesday, October 4th. One analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. Actua Corporation currently has an average rating of Hold and a consensus price target of $17.00.

Actua Corporation (NASDAQ ACTA) opened at 15.65 on Tuesday. The stock’s 50 day moving average price is $13.37 and its 200 day moving average price is $13.73. The stock has a market cap of $484.56 million, a price-to-earnings ratio of 6.60 and a beta of 1.64. Actua Corporation has a one year low of $11.20 and a one year high of $15.75.

Actua Corporation (NASDAQ:ACTA) last released its earnings results 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. Actua Corporation had a negative return on equity of 5.42% and a net margin of 67.78%. The firm had revenue of $31.19 million during the quarter, compared to analysts’ expectations of $31.57 million. During the same quarter last year, the business posted ($0.35) earnings per share. The firm’s revenue was up 16.1% on a year-over-year basis. Equities analysts predict that Actua Corporation will post ($0.12) earnings per share for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: “Actua Corporation (ACTA) Upgraded to “Hold” by Zacks Investment Research” was posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this article on another domain, it was illegally stolen and reposted in violation of U.S. and international copyright & trademark law. The correct version of this article can be accessed at https://ledgergazette.com/2017/10/11/actua-corporation-acta-upgraded-to-hold-by-zacks-investment-research.html.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC purchased a new position in Actua Corporation during the 1st quarter valued at approximately $112,000. Trexquant Investment LP purchased a new position in Actua Corporation during the 2nd quarter valued at approximately $149,000. Tudor Investment Corp ET AL purchased a new position in Actua Corporation during the 2nd quarter valued at approximately $162,000. Bank of America Corp DE grew its holdings in Actua Corporation by 14.2% during the 1st 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 purchased a new position in Actua Corporation during the 2nd quarter valued at approximately $191,000. Institutional investors and hedge funds own 73.12% of the company’s stock.

Actua Corporation Company Profile

Actua Corporation, formerly ICG Group, Inc, is a multi-vert

According to Zacks, “Actua Corporation is a multi-vertical cloud company. The Company brings the power of the cloud to vertical markets and processes, including insurance, public sector communications and compliance. It operates in two business segments: the core reporting segment and the venture reporting segment. The Company’s core reporting segment includes those companies in which its management provides strategic direction and management assistance. Its venture reporting segment includes companies to which it generally devote less capital than it does to its core companies and, therefore, in which it holds relatively smaller ownership stakes than it does in the core companies. Actua Corporation, formerly known as ICG Group Inc Common Stock, is based in Radnor, Pennsylvania. “

ACTA has been the subject of several other research reports. ValuEngine upgraded Actua Corporation from a sell rating to a hold rating in a research report on Tuesday, September 26th. BidaskClub cut Actua Corporation from a sell rating to a strong sell rating in a research report on Tuesday, August 8th. Finally, Barrington Research cut Actua Corporation from an outperform rating to a market perform rating in a research report on Wednesday, October 4th. One analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. Actua Corporation currently has an average rating of Hold and a consensus price target of $17.00.

Actua Corporation (NASDAQ ACTA) opened at 15.65 on Tuesday. The stock’s 50 day moving average price is $13.37 and its 200 day moving average price is $13.73. The stock has a market cap of $484.56 million, a price-to-earnings ratio of 6.60 and a beta of 1.64. Actua Corporation has a one year low of $11.20 and a one year high of $15.75.

Actua Corporation (NASDAQ:ACTA) last released its earnings results 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. Actua Corporation had a negative return on equity of 5.42% and a net margin of 67.78%. The firm had revenue of $31.19 million during the quarter, compared to analysts’ expectations of $31.57 million. During the same quarter last year, the business posted ($0.35) earnings per share. The firm’s revenue was up 16.1% on a year-over-year basis. Equities analysts predict that Actua Corporation will post ($0.12) earnings per share for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: “Actua Corporation (ACTA) Upgraded to “Hold” by Zacks Investment Research” was posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this article on another domain, it was illegally stolen and reposted in violation of U.S. and international copyright & trademark law. The correct version of this article can be accessed at https://ledgergazette.com/2017/10/11/actua-corporation-acta-upgraded-to-hold-by-zacks-investment-research.html.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC purchased a new position in Actua Corporation during the 1st quarter valued at approximately $112,000. Trexquant Investment LP purchased a new position in Actua Corporation during the 2nd quarter valued at approximately $149,000. Tudor Investment Corp ET AL purchased a new position in Actua Corporation during the 2nd quarter valued at approximately $162,000. Bank of America Corp DE grew its holdings in Actua Corporation by 14.2% during the 1st 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 purchased a new position in Actua Corporation during the 2nd quarter valued at approximately $191,000. Institutional investors and hedge funds own 73.12% 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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