Actua (ACTA) Upgraded to “Sell” at BidaskClub

Actua (NASDAQ:ACTA) was upgraded by stock analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a report issued on Thursday.

Several other research analysts also recently commented on ACTA. Zacks Investment Research downgraded Actua from a “hold” rating to a “sell” rating in a research report on Tuesday, August 15th. ValuEngine downgraded Actua from a “hold” rating to a “sell” rating in a research report on Wednesday, September 13th. Finally, Barrington Research cut Actua from an “outperform” rating to a “market perform” rating in a research report on Wednesday, October 4th.

Shares of Actua (ACTA) traded up $0.05 during midday trading on Thursday, reaching $15.55. The company’s stock had a trading volume of 212,932 shares, compared to its average volume of 150,378. Actua has a 52 week low of $11.85 and a 52 week high of $15.95.

Actua (NASDAQ:ACTA) last issued its quarterly earnings results on Thursday, November 9th. The software maker reported ($0.19) EPS 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 period in the prior year, the company earned ($0.04) earnings per share. equities analysts anticipate that Actua will post -0.59 earnings per share for the current year.

In other news, CFO Raymond Kirk Morgan sold 1,687 shares of the business’s stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $15.45, for a total transaction of $26,064.15. Following the sale, the chief financial officer now directly owns 153,673 shares in the company, valued at $2,374,247.85. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Over the last 90 days, insiders have sold 5,061 shares of company stock worth $72,794. 10.20% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its position in shares of Actua by 0.7% during the third quarter. Dimensional Fund Advisors LP now owns 2,688,429 shares of the software maker’s stock valued at $41,133,000 after purchasing an additional 18,687 shares during the period. Renaissance Technologies LLC increased its position in shares of Actua by 99.7% during the second quarter. Renaissance Technologies LLC now owns 1,325,719 shares of the software maker’s stock valued at $18,626,000 after purchasing an additional 661,800 shares during the period. State Street Corp increased its position in shares of Actua by 14.0% during the second quarter. State Street Corp now owns 683,241 shares of the software maker’s stock valued at $9,597,000 after purchasing an additional 83,956 shares during the period. Geode Capital Management LLC increased its position in shares of Actua by 3.7% during the first quarter. Geode Capital Management LLC now owns 299,303 shares of the software maker’s stock valued at $4,205,000 after purchasing an additional 10,591 shares during the period. Finally, Citadel Advisors LLC increased its position in shares of Actua by 79.9% during the third quarter. Citadel Advisors LLC now owns 190,841 shares of the software maker’s stock valued at $2,920,000 after purchasing an additional 84,732 shares during the period. Institutional investors and hedge funds own 72.53% of the company’s stock.

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About Actua

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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