Actua Corp. (ACTA) Trading Up 4.2%
Actua Corp. (NASDAQ:ACTA)’s share price was up 4.2% during mid-day trading on Thursday . The stock traded as high as $10.65 and last traded at $10.61, with a volume of 103,084 shares trading hands. The stock had previously closed at $10.18.
Separately, Zacks Investment Research downgraded shares of Actua Corp. from a “hold” rating to a “sell” rating in a report on Wednesday, June 1st.
The company’s market capitalization is $389.86 million. The firm’s 50 day moving average is $9.91 and its 200-day moving average is $9.35.
Actua Corp. (NASDAQ:ACTA) last released its quarterly earnings data on Thursday, August 4th. The company reported ($0.10) EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.10). During the same quarter in the prior year, the firm earned ($0.41) earnings per share. The company earned $36.71 million during the quarter, compared to analyst estimates of $37.25 million. Actua Corp.’s revenue for the quarter was up 9.5% on a year-over-year basis. On average, equities analysts forecast that Actua Corp. will post ($0.38) earnings per share for the current fiscal year.
In other Actua Corp. news, CFO Raymond Kirk Morgan sold 5,000 shares of the company’s stock in a transaction on Wednesday, July 13th. The shares were sold at an average price of $9.62, for a total value of $48,100.00. Following the transaction, the chief financial officer now directly owns 230,848 shares in the company, valued at $2,220,757.76. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director H Richard Haverstick, Jr. acquired 15,000 shares of the firm’s stock in a transaction on Monday, June 20th. The stock was bought at an average price of $9.40 per share, for a total transaction of $141,000.00. Following the completion of the acquisition, the director now owns 23,149 shares of the company’s stock, 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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