Equities research analysts predict that Actua Corporation (NASDAQ:ACTA) will report $32.43 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Actua Corporation’s earnings. The highest sales estimate is $32.75 million and the lowest is $32.10 million. Actua Corporation posted sales of $27.94 million during the same quarter last year, which suggests a positive year-over-year growth rate of 16.1%. The firm is expected to announce its next earnings report after the market closes on Thursday, November 9th.
On average, analysts expect that Actua Corporation will report full year sales of $32.43 million for the current fiscal year, with estimates ranging from $127.50 million to $128.65 million. For the next year, analysts forecast that the business will report sales of $148.85 million per share, with estimates ranging from $147.90 million to $149.80 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Actua Corporation.
Actua Corporation (NASDAQ:ACTA) last announced its quarterly earnings results 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. 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 for the quarter, compared to analysts’ expectations of $31.57 million. During the same period in the prior year, the business posted ($0.35) earnings per share. The business’s revenue was up 16.1% compared to the same quarter last year.
Several brokerages have weighed in on ACTA. BidaskClub raised Actua Corporation from a “strong sell” rating to a “sell” rating in a report on Monday, August 14th. Barrington Research cut Actua Corporation from an “outperform” rating to a “market perform” rating in a report on Wednesday, October 4th. ValuEngine raised Actua Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, September 26th. Finally, Zacks Investment Research raised Actua Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, September 19th. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $17.00.
Shares of Actua Corporation (NASDAQ ACTA) opened at 15.45 on Friday. The firm has a 50-day moving average price of $14.27 and a 200-day moving average price of $13.86. The company has a market capitalization of $478.36 million, a PE ratio of 6.52 and a beta of 1.64. Actua Corporation has a 12 month low of $11.35 and a 12 month high of $15.95.
In other news, CFO Raymond Kirk Morgan sold 1,687 shares of Actua Corporation stock in a transaction on Tuesday, October 17th. The stock was sold at an average price of $15.60, for a total value of $26,317.20. Following the transaction, the chief financial officer now owns 155,360 shares in the company, valued at approximately $2,423,616. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders sold a total of 5,061 shares of company stock valued at $68,830 over the last ninety days. Insiders own 10.20% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the company. SG Americas Securities LLC bought a new position in shares of Actua Corporation in the 1st quarter valued at $112,000. Trexquant Investment LP bought a new position in shares of Actua Corporation in the 2nd quarter valued at $149,000. Tudor Investment Corp ET AL bought a new position in shares of Actua Corporation in the 2nd quarter valued at $162,000. Bank of America Corp DE increased its stake in shares of Actua Corporation by 14.2% in the 1st 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 during the last quarter. Finally, Numeric Investors LLC bought a new position in shares of Actua Corporation in the 2nd quarter valued at $191,000. Institutional investors own 73.30% of the company’s stock.
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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.
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