Actua Corp. (ACTA) Trading Up 4.2%
Shares of Actua Corp. (NASDAQ:ACTA) were up 4.2% on Thursday . The stock traded as high as $10.65 and last traded at $10.61, with a volume of 103,084 shares. The stock had previously closed at $10.18.
Separately, Zacks Investment Research upgraded shares of Actua Corp. from a “sell” rating to a “hold” rating in a research note on Friday, June 24th.
The stock’s market cap is $389.86 million. The company’s 50-day moving average is $9.88 and its 200-day moving average is $9.33.
Actua Corp. (NASDAQ:ACTA) last posted its earnings results on Thursday, August 4th. The company reported ($0.10) earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.10). During the same quarter in the previous year, the company earned ($0.41) EPS. The firm earned $36.71 million during the quarter, compared to the consensus estimate of $37.25 million. The business’s revenue was up 9.5% compared to the same quarter last year. On average, equities research analysts predict that Actua Corp. will post ($0.38) earnings per share for the current year.
In other news, CFO Raymond Kirk Morgan sold 5,000 shares of the company’s stock in a transaction on Wednesday, August 17th. The shares were sold at an average price of $9.65, for a total value of $48,250.00. Following the completion of the sale, the chief financial officer now owns 225,848 shares in the company, valued at approximately $2,179,433.20. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director H Richard Haverstick, Jr. bought 15,000 shares of Actua Corp. stock in a transaction dated Monday, June 20th. The stock was purchased at an average price of $9.40 per share, with a total value of $141,000.00. Following the purchase, the director now owns 23,149 shares in the company, valued at $217,600.60. The disclosure for this purchase can be found here.
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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