Actua Corporation (NASDAQ:ACTA) was downgraded by research analysts at ValuEngine from a “hold” rating to a “sell” rating in a research report issued on Wednesday.

A number of other brokerages also recently issued reports on ACTA. Zacks Investment Research upgraded Actua Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, July 4th. BidaskClub upgraded Actua Corporation from a “strong sell” rating to a “sell” rating in a research note on Monday, August 14th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company. Actua Corporation currently has an average rating of “Hold” and a consensus target price of $16.00.

Shares of Actua Corporation (NASDAQ:ACTA) traded down 0.83% during midday trading on Wednesday, hitting $12.00. 531,665 shares of the stock were exchanged. The firm’s 50 day moving average price is $12.68 and its 200-day moving average price is $13.67. Actua Corporation has a 52-week low of $10.10 and a 52-week high of $15.28. The stock has a market cap of $371.54 million, a P/E ratio of 5.06 and a beta of 1.63.

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

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Several large investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP grew its stake in shares of Actua Corporation by 6.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,669,742 shares of the software maker’s stock valued at $37,510,000 after acquiring an additional 159,629 shares during the period. Renaissance Technologies LLC grew its stake in shares of Actua Corporation by 99.7% during the 2nd quarter. Renaissance Technologies LLC now owns 1,325,719 shares of the software maker’s stock valued at $18,626,000 after acquiring an additional 661,800 shares during the period. State Street Corp grew its stake in shares of Actua Corporation by 14.0% during the 2nd quarter. State Street Corp now owns 683,241 shares of the software maker’s stock valued at $9,597,000 after acquiring an additional 83,956 shares during the period. Bank of New York Mellon Corp grew its stake in shares of Actua Corporation by 9.7% during the 1st quarter. Bank of New York Mellon Corp now owns 326,072 shares of the software maker’s stock valued at $4,581,000 after acquiring an additional 28,882 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in Actua Corporation by 3.7% in the 1st quarter. Geode Capital Management LLC now owns 299,303 shares of the software maker’s stock worth $4,205,000 after purchasing an additional 10,591 shares in the last quarter. Institutional investors own 73.37% of the company’s stock.

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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