Actua Corp. (ACTA) Trading Up 1.4%
Actua Corp. (NASDAQ:ACTA) was up 1.4% on Wednesday . The stock traded as high as $9.99 and last traded at $9.96, with a volume of 65,407 shares trading hands. The stock had previously closed at $9.82.
Separately, Zacks Investment Research lowered Actua Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, May 3rd.
The stock’s market capitalization is $368.14 million. The company’s 50-day moving average price is $9.79 and its 200 day moving average price is $9.25.
Actua Corp. (NASDAQ:ACTA) last issued its quarterly earnings results on Thursday, August 4th. The company reported ($0.10) EPS for the quarter, hitting analysts’ consensus estimates of ($0.10). The firm had revenue of $36.71 million for the quarter, compared to analysts’ expectations of $37.25 million. During the same quarter last year, the firm earned ($0.41) earnings per share. The business’s quarterly revenue was up 9.5% compared to the same quarter last year. Equities research analysts predict that Actua Corp. will post ($0.38) EPS for the current fiscal year.
In related news, Director H Richard Haverstick, Jr. bought 15,000 shares of the firm’s stock in a transaction that occurred on Monday, June 20th. The shares were acquired at an average cost of $9.40 per share, with a total value of $141,000.00. Following the completion of the transaction, the director now owns 23,149 shares of the company’s stock, valued at $217,600.60. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Raymond Kirk Morgan sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 17th. The stock was sold at an average price of $9.65, for a total transaction of $48,250.00. Following the completion of the sale, the chief financial officer now directly owns 225,848 shares in the company, valued at $2,179,433.20. The disclosure for this sale 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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