Zacks: Analysts Set $17.00 Target Price for Actua Corp (ACTA)

Shares of Actua Corp (NASDAQ:ACTA) have earned a consensus broker rating score of 2.00 (Buy) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation and one has issued a strong buy recommendation on the company.

Brokerages have set a twelve-month consensus target price of $17.00 for the company, according to Zacks. Zacks has also given Actua an industry rank of 127 out of 265 based on the ratings given to related companies.

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Several research firms have recently weighed in on ACTA. BidaskClub raised shares of Actua from a “strong sell” rating to a “sell” rating in a report on Wednesday, January 31st. Zacks Investment Research raised shares of Actua from a “sell” rating to a “hold” rating in a report on Tuesday, January 16th.

In other news, CFO Raymond Kirk Morgan sold 1,687 shares of Actua stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of $15.70, for a total transaction of $26,485.90. Following the completion of the transaction, the chief financial officer now directly owns 86,170 shares of the company’s stock, valued at approximately $1,352,869. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 10.20% of the stock is owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in ACTA. ArrowMark Colorado Holdings LLC grew its stake in Actua by 16.3% in the 4th quarter. ArrowMark Colorado Holdings LLC now owns 2,015,979 shares of the software maker’s stock valued at $31,449,000 after acquiring an additional 282,972 shares during the period. Yakira Capital Management Inc. acquired a new stake in Actua in the 4th quarter valued at $3,787,000. GABELLI & Co INVESTMENT ADVISERS INC. acquired a new stake in Actua in the 4th quarter valued at $1,944,000. Gabelli Funds LLC acquired a new stake in Actua in the 4th quarter valued at $1,850,000. Finally, Renaissance Technologies LLC grew its stake in Actua by 7.6% in the 4th quarter. Renaissance Technologies LLC now owns 1,446,119 shares of the software maker’s stock valued at $22,559,000 after acquiring an additional 101,600 shares during the period. 72.58% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ:ACTA traded down $0.02 during trading on Friday, hitting $1.04. 78,313 shares of the stock traded hands, compared to its average volume of 572,377. Actua has a 52-week low of $0.68 and a 52-week high of $16.05.

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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), 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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