The stock of Actua Corp (NASDAQ:ACTA) is a huge mover today! The stock increased 4.77% or $0.59 during the last trading session, hitting $12.95. About 165,579 shares traded hands or 51.89% up from the average. Actua Corp (NASDAQ:ACTA) has risen 54.89% since February 26, 2016 and is uptrending. It has outperformed by 44.46% the S&P500.
The move comes after 6 months positive chart setup for the $502.68 million company. It was reported on Oct, 1 by Barchart.com. We have $16.45 PT which if reached, will make NASDAQ:ACTA worth $135.72 million more.
Analysts await Actua Corp (NASDAQ:ACTA) to report earnings on November, 3. They expect $-0.21 earnings per share, up 43.24% or $0.16 from last year’s $-0.37 per share. After $-0.21 actual earnings per share reported by Actua Corp for the previous quarter, Wall Street now forecasts 0.00% EPS growth.
According to Zacks Investment Research, “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.”
More important recent Actua Corp (NASDAQ:ACTA) news were published by: Streetinsider.com which released: “Actua Corp. (ACTA) to Sell GovDelivery in $150M Deal” on September 26, 2016, also Bizjournals.com published article titled: “ICG Group Inc. gets new name, brand”, Seekingalpha.com published: “Actua Corporation’s (ACTA) CEO Walter Buckley on Q1 2016 Results – Earnings …” on May 08, 2016. More interesting news about Actua Corp (NASDAQ:ACTA) was released by: Seekingalpha.com and their article: “Actua Corporation’s (ACTA) CEO Walter Buckley 2015 Results – Earnings Call …” with publication date: March 01, 2016.
ACTA Company Profile
Actua Corporation, formerly ICG Group, Inc., incorporated on February 2, 1999, is a multi-vertical cloud technology company. The Firm operates through two divisions, which include the vertical cloud segment and the vertical cloud (venture) segment. The Company’s vertical cloud 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. The vertical cloud (venture) businesses include InstaMed Holdings, Inc. (InstaMed) and Parchment Inc. (Parchment), which operate a cloud healthcare payments network and an education credentials technology, respectively.
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