Actua Corp (NASDAQ:ACTA) has been assigned a consensus broker rating score of 2.00 (Buy) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation and one has issued a strong buy recommendation on the company.
Brokers have set a 12 month consensus price target of $17.00 for the company, according to Zacks. Zacks has also given Actua an industry rank of 127 out of 265 based on the ratings given to related companies.
Several equities analysts have recently commented on ACTA shares. Zacks Investment Research lowered Actua from a “hold” rating to a “sell” rating in a report on Monday, December 18th. BidaskClub lowered Actua from a “sell” rating to a “strong sell” rating in a report on Tuesday, January 16th.
NASDAQ ACTA traded down $0.02 on Friday, hitting $1.04. 78,313 shares of the stock traded hands, compared to its average volume of 572,377. Actua has a twelve month low of $0.68 and a twelve month high of $16.05.
In other news, CFO Raymond Kirk Morgan sold 1,687 shares of the company’s stock in a transaction that occurred on Wednesday, January 17th. The stock was sold at an average price of $15.70, for a total transaction of $26,485.90. Following the completion of the transaction, the chief financial officer now directly owns 86,170 shares of the company’s stock, valued at $1,352,869. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 10.20% of the stock is currently owned by corporate insiders.
Several large investors have recently bought and sold shares of ACTA. Russell Investments Group Ltd. bought a new position in shares of Actua during the third quarter valued at approximately $141,000. SG Americas Securities LLC bought a new position in shares of Actua during the third quarter valued at approximately $197,000. Los Angeles Capital Management & Equity Research Inc. bought a new position in shares of Actua during the third quarter valued at approximately $335,000. Macquarie Group Ltd. bought a new position in shares of Actua during the third quarter valued at approximately $382,000. Finally, Trexquant Investment LP grew its holdings in shares of Actua by 144.7% during the third quarter. Trexquant Investment LP now owns 25,867 shares of the software maker’s stock valued at $396,000 after purchasing an additional 15,295 shares during the last quarter. 72.58% of the stock is owned by institutional investors.
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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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