Actua Corporation (NASDAQ:ACTA) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Tuesday.

According to Zacks, “Actua Corporation is a multi-vertical cloud company. The Company brings the power of the cloud to vertical markets and processes, including insurance, public sector communications and compliance. It operates in two business segments: the core reporting segment and the venture reporting segment. The Company’s core reporting segment includes those companies in which its management provides strategic direction and management assistance. Its venture reporting segment includes companies to which it generally devote less capital than it does to its core companies and, therefore, in which it holds relatively smaller ownership stakes than it does in the core companies. Actua Corporation, formerly known as ICG Group Inc Common Stock, is based in Radnor, Pennsylvania. “

Separately, BidaskClub raised Actua Corporation from a “strong sell” rating to a “sell” rating in a report on Monday.

Actua Corporation (NASDAQ ACTA) traded down 3.41% during trading on Tuesday, reaching $12.75. The company had a trading volume of 95,041 shares. The firm’s 50-day moving average price is $13.56 and its 200 day moving average price is $13.91. The firm has a market capitalization of $394.77 million, a P/E ratio of 5.38 and a beta of 1.62. Actua Corporation has a one year low of $9.42 and a one year high of $15.27.

Actua Corporation (NASDAQ:ACTA) last posted its quarterly earnings results on Wednesday, August 9th. The software maker reported ($0.14) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.15) by $0.01. The business had revenue of $31.19 million for the quarter, compared to analysts’ expectations of $31.57 million. Actua Corporation had a negative return on equity of 5.42% and a net margin of 67.78%. The business’s quarterly revenue was up 16.1% on a year-over-year basis. During the same period last year, the firm earned ($0.35) earnings per share. Equities analysts forecast that Actua Corporation will post ($0.12) earnings per share for the current fiscal year.

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Several large investors have recently modified their holdings of the company. Dimensional Fund Advisors LP boosted its stake in shares of Actua Corporation by 6.4% in the second quarter. Dimensional Fund Advisors LP now owns 2,669,742 shares of the software maker’s stock valued at $37,510,000 after buying an additional 159,629 shares during the period. Renaissance Technologies LLC boosted its stake in shares of Actua Corporation by 99.7% in the second quarter. Renaissance Technologies LLC now owns 1,325,719 shares of the software maker’s stock valued at $18,626,000 after buying an additional 661,800 shares during the period. State Street Corp boosted its stake in shares of Actua Corporation by 14.0% in the second quarter. State Street Corp now owns 683,241 shares of the software maker’s stock valued at $9,597,000 after buying an additional 83,956 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Actua Corporation by 9.7% in the first quarter. Bank of New York Mellon Corp now owns 326,072 shares of the software maker’s stock valued at $4,581,000 after buying an additional 28,882 shares during the period. Finally, Geode Capital Management LLC boosted its stake in shares of Actua Corporation by 3.7% in the first quarter. Geode Capital Management LLC now owns 299,303 shares of the software maker’s stock valued at $4,205,000 after buying an additional 10,591 shares during the period. 73.65% of the stock is currently owned by hedge funds and other institutional investors.

About Actua Corporation

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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