Actua (ACTA) Lifted to “Sell” at BidaskClub

BidaskClub upgraded shares of Actua (NASDAQ:ACTA) from a strong sell rating to a sell rating in a report released on Thursday morning.

Several other research firms have also weighed in on ACTA. Zacks Investment Research raised shares of Actua from a sell rating to a hold rating in a report on Tuesday, October 10th. Barrington Research lowered shares of Actua from an outperform rating to a market perform rating in a report on Wednesday, October 4th. Finally, ValuEngine raised shares of Actua from a sell rating to a hold rating in a report on Tuesday, September 26th.

Shares of Actua (ACTA) opened at $15.45 on Thursday. Actua has a fifty-two week low of $11.85 and a fifty-two week high of $15.95.

Actua (NASDAQ:ACTA) last posted its quarterly earnings data on Thursday, November 9th. The software maker reported ($0.19) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.14) by ($0.05). Actua had a negative return on equity of 5.80% and a net margin of 67.78%. During the same quarter last year, the business posted ($0.04) EPS. sell-side analysts anticipate that Actua will post -0.59 earnings per share for the current year.

In related news, CFO Raymond Kirk Morgan sold 1,687 shares of the firm’s stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $15.45, for a total value of $26,064.15. Following the completion of the sale, the chief financial officer now owns 153,673 shares of the company’s stock, valued at $2,374,247.85. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In the last three months, insiders sold 5,061 shares of company stock valued at $72,794. 10.20% of the stock is currently owned by company insiders.

Several institutional investors have recently modified their holdings of ACTA. Russell Investments Group Ltd. acquired a new stake in shares of Actua in the third quarter valued at approximately $141,000. Trexquant Investment LP acquired a new stake in shares of Actua in the second quarter valued at approximately $149,000. Tudor Investment Corp ET AL acquired a new stake in shares of Actua in the second quarter valued at approximately $162,000. Bank of America Corp DE increased its holdings in shares of Actua 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 purchasing an additional 1,455 shares in the last quarter. Finally, Numeric Investors LLC acquired a new stake in Actua during the 2nd quarter worth $191,000. 72.53% of the stock is owned by institutional investors and hedge funds.

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Actua 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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