Actua Corporation (NASDAQ:ACTA) was downgraded by equities research analysts at Barrington Research from an “outperform” rating to a “market perform” rating in a report released on Wednesday.

Several other equities analysts have also recently weighed in on ACTA. Zacks Investment Research cut Actua Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, August 15th. ValuEngine downgraded shares of Actua Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, September 13th. Finally, BidaskClub lowered shares of Actua Corporation from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 26th. Two investment analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $16.00.

Shares of Actua Corporation (NASDAQ ACTA) traded up 0.33% on Wednesday, reaching $15.40. The company had a trading volume of 507,427 shares. The stock has a market cap of $476.81 million, a PE ratio of 6.50 and a beta of 1.64. Actua Corporation has a 12 month low of $11.20 and a 12 month high of $15.50. The stock has a 50-day moving average price of $12.97 and a 200-day moving average price of $13.67.

Actua Corporation (NASDAQ:ACTA) last announced its earnings results on Wednesday, August 9th. The software maker reported ($0.14) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate 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 company had revenue of $31.19 million for the quarter, compared to analysts’ expectations of $31.57 million. During the same quarter in the previous year, the firm earned ($0.35) earnings per share. Actua Corporation’s quarterly revenue was up 16.1% on a year-over-year basis. Analysts predict that Actua Corporation will post ($0.12) earnings per share for the current fiscal year.

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Several institutional investors have recently bought and sold shares of the business. Renaissance Technologies LLC boosted its stake in shares of Actua Corporation by 99.7% in the 2nd quarter. Renaissance Technologies LLC now owns 1,325,719 shares of the software maker’s stock worth $18,626,000 after buying an additional 661,800 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings 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 acquiring an additional 159,629 shares in the last quarter. OxFORD Asset Management LLP bought a new position in shares of Actua Corporation in the second quarter valued at approximately $1,375,000. State Street Corp grew its holdings 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 acquiring an additional 83,956 shares in the last quarter. Finally, Citadel Advisors LLC grew its holdings in shares of Actua Corporation by 101.6% in the second quarter. Citadel Advisors LLC now owns 106,109 shares of the software maker’s stock valued at $1,491,000 after acquiring an additional 53,480 shares in the last quarter. 73.12% of the stock is currently owned by hedge funds and other institutional investors.

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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