Actua (ACTA) Downgraded to Strong Sell at BidaskClub

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

ACTA has been the subject of a number of other reports. Zacks Investment Research upgraded shares of Actua from a sell rating to a hold rating in a report on Tuesday, October 10th. Barrington Research downgraded shares of Actua from an outperform rating to a market perform rating in a report on Wednesday, October 4th. Finally, ValuEngine upgraded shares of Actua from a sell rating to a hold rating in a report on Tuesday, September 26th.

Shares of Actua (NASDAQ ACTA) traded down $0.15 during trading on Tuesday, reaching $15.70. 163,500 shares of the company’s stock were exchanged, compared to its average volume of 193,440. The company has a market capitalization of $518.65, a P/E ratio of 7.10 and a beta of 1.68. Actua has a fifty-two week low of $11.85 and a fifty-two week high of $16.05.

Actua (NASDAQ:ACTA) last announced its earnings results on Thursday, November 9th. The software maker reported ($0.19) EPS for the quarter, missing the Zacks’ 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 in the prior year, the company earned ($0.04) earnings per share. sell-side analysts forecast that Actua will post -1.01 EPS for the current fiscal year.

In other Actua news, CFO Raymond Kirk Morgan sold 1,687 shares of the business’s stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $15.45, for a total value of $26,064.15. Following the completion of the transaction, the chief financial officer now directly owns 89,544 shares in the company, valued at $1,383,454.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 10.20% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of ACTA. Schwab Charles Investment Management Inc. increased its holdings in shares of Actua by 0.6% during the second quarter. Schwab Charles Investment Management Inc. now owns 127,085 shares of the software maker’s stock valued at $1,786,000 after acquiring an additional 703 shares in the last quarter. Swiss National Bank increased its holdings in shares of Actua by 14.5% during the second quarter. Swiss National Bank now owns 59,200 shares of the software maker’s stock valued at $832,000 after acquiring an additional 7,500 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Actua by 520.9% during the second quarter. JPMorgan Chase & Co. now owns 28,922 shares of the software maker’s stock valued at $407,000 after acquiring an additional 24,264 shares in the last quarter. UBS Asset Management Americas Inc. acquired a new position in shares of Actua during the second quarter valued at about $201,000. Finally, GSA Capital Partners LLP increased its holdings in shares of Actua by 57.8% during the second quarter. GSA Capital Partners LLP now owns 47,665 shares of the software maker’s stock valued at $670,000 after acquiring an additional 17,465 shares in the last quarter. Hedge funds and other institutional investors 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), 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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