Wall Street analysts predict that Actua Corporation (NASDAQ:ACTA) will post $32.43 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Actua Corporation’s earnings. The highest sales estimate is $32.75 million and the lowest is $32.10 million. Actua Corporation reported sales of $27.94 million in the same quarter last year, which would indicate a positive year over year growth rate of 16.1%. The company is scheduled to report its next quarterly earnings results on Thursday, November 2nd.

On average, analysts expect that Actua Corporation will report full year sales of $32.43 million for the current financial year, with estimates ranging from $127.50 million to $128.65 million. For the next fiscal year, analysts anticipate that the firm will report sales of $148.85 million per share, with estimates ranging from $147.90 million to $149.80 million. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that follow Actua Corporation.

Actua Corporation (NASDAQ:ACTA) last announced its quarterly earnings data on Wednesday, August 9th. The software maker reported ($0.14) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.15) by $0.01. Actua Corporation had a net margin of 67.78% and a negative return on equity of 5.42%. The firm had revenue of $31.19 million for the quarter, compared to the consensus estimate of $31.57 million. During the same period in the previous year, the firm posted ($0.35) earnings per share. The firm’s revenue was up 16.1% on a year-over-year basis.

A number of analysts recently weighed in on ACTA shares. Zacks Investment Research upgraded shares of Actua Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, July 4th. BidaskClub upgraded shares of Actua Corporation from a “strong sell” rating to a “sell” rating in a report on Monday, August 14th.

A number of hedge funds have recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its stake in shares of 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 valued at $37,510,000 after buying an additional 159,629 shares during the period. Renaissance Technologies LLC increased its stake 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 period. State Street Corp increased its stake 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 period. Bank of New York Mellon Corp increased its stake 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 period. Finally, Geode Capital Management LLC increased its stake 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 period. Hedge funds and other institutional investors own 73.37% of the company’s stock.

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Actua Corporation (NASDAQ ACTA) opened at 12.80 on Friday. Actua Corporation has a 12 month low of $10.09 and a 12 month high of $15.27. The company’s 50-day moving average is $13.13 and its 200-day moving average is $13.79. The stock has a market capitalization of $396.31 million, a P/E ratio of 5.40 and a beta of 1.62.

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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