Actua (NASDAQ:ACTA) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Monday.

According to Zacks, “Actua Corporation is a multi-vertical cloud company. The Company brings the power of the cloud to vertical markets and processes, including insurance, public sector communications and compliance. It operates in two business segments: the core reporting segment and the venture reporting segment. The Company’s core reporting segment includes those companies in which its management provides strategic direction and management assistance. Its venture reporting segment includes companies to which it generally devote less capital than it does to its core companies and, therefore, in which it holds relatively smaller ownership stakes than it does in the core companies. Actua Corporation, formerly known as ICG Group Inc Common Stock, is based in Radnor, Pennsylvania. “

A number of other brokerages have also commented on ACTA. ValuEngine lowered Actua from a “hold” rating to a “sell” rating in a research report on Wednesday, September 13th. BidaskClub lowered Actua from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 26th. Finally, Barrington Research lowered Actua from an “outperform” rating to a “market perform” rating in a research report on Wednesday, October 4th.

Actua (NASDAQ ACTA) remained flat at $$15.60 during mid-day trading on Monday. 223,450 shares of the stock traded hands, compared to its average volume of 151,203. Actua has a 1 year low of $11.85 and a 1 year high of $15.95.

Actua (NASDAQ:ACTA) last announced its earnings results on Thursday, November 9th. The software maker reported ($0.19) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.14) by ($0.05). Actua had a negative return on equity of 5.80% and a net margin of 67.78%. During the same quarter in the prior year, the company earned ($0.04) earnings per share. equities analysts forecast that Actua will post -1.01 EPS for the current fiscal year.

In other Actua news, CFO Raymond Kirk Morgan sold 1,687 shares of the firm’s stock in a transaction on Tuesday, October 17th. The stock was sold at an average price of $15.60, for a total value of $26,317.20. Following the completion of the sale, the chief financial officer now directly owns 155,360 shares of the company’s stock, valued at approximately $2,423,616. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold a total of 6,748 shares of company stock valued at $98,858 over the last ninety days. Corporate insiders own 10.20% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Schwab Charles Investment Management Inc. grew its holdings in shares of Actua by 5.3% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 126,382 shares of the software maker’s stock worth $1,776,000 after purchasing an additional 6,327 shares during the period. American Century Companies Inc. purchased a new position in Actua during the 2nd quarter valued at about $690,000. Renaissance Technologies LLC boosted its holdings in Actua 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. Citadel Advisors LLC boosted its holdings in Actua by 79.9% during the 3rd quarter. Citadel Advisors LLC now owns 190,841 shares of the software maker’s stock valued at $2,920,000 after acquiring an additional 84,732 shares during the period. Finally, Parametric Portfolio Associates LLC boosted its holdings in Actua by 5.4% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 53,963 shares of the software maker’s stock valued at $758,000 after acquiring an additional 2,747 shares during the period. Institutional investors and hedge funds own 72.53% of the company’s stock.

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About Actua

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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