BidaskClub lowered shares of Actua Corporation (NASDAQ:ACTA) from a sell rating to a strong sell rating in a research report sent to investors on Saturday.

Separately, Zacks Investment Research upgraded shares of Actua Corporation from a sell rating to a hold rating in a research report on Tuesday, July 4th.

Shares of Actua Corporation (NASDAQ:ACTA) opened at 12.55 on Friday. Actua Corporation has a one year low of $9.98 and a one year high of $15.27. The stock has a market capitalization of $388.57 million, a price-to-earnings ratio of 5.30 and a beta of 1.62. The firm has a 50-day moving average of $13.28 and a 200 day moving average of $13.83.

Actua Corporation (NASDAQ:ACTA) last issued its quarterly earnings data on Wednesday, August 9th. The software maker reported ($0.14) earnings per share for the quarter, topping the consensus estimate of ($0.15) by $0.01. The business had revenue of $31.19 million during the quarter, compared to the consensus estimate of $31.57 million. Actua Corporation had a net margin of 67.78% and a negative return on equity of 5.42%. The company’s revenue was up 16.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.35) EPS. On average, equities research analysts predict that Actua Corporation will post ($0.12) EPS for the current year.

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP raised its position in 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 worth $37,510,000 after buying an additional 159,629 shares during the period. Renaissance Technologies LLC raised its position in shares of Actua Corporation by 99.7% in the second quarter. Renaissance Technologies LLC now owns 1,325,719 shares of the software maker’s stock valued at $18,626,000 after buying an additional 661,800 shares during the last quarter. State Street Corp raised its position 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 buying an additional 83,956 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Actua Corporation by 9.7% in the first quarter. Bank of New York Mellon Corp now owns 326,072 shares of the software maker’s stock valued at $4,581,000 after buying an additional 28,882 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Actua Corporation by 3.7% in the first quarter. Geode Capital Management LLC now owns 299,303 shares of the software maker’s stock valued at $4,205,000 after buying an additional 10,591 shares during the last quarter. Institutional investors own 73.37% of the company’s stock.

About Actua Corporation

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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