Northland Capital Markets Assumes Actua Corporation (ACTA) at Outperform

Northland Capital Markets assumes coverage on Actua Corporation (NASDAQ: ACTA) with a Outperform rating and a price target of $25.00.

Analyst Jeff Houston commented, "Actua (formerly ICG Group) is a diversified, pure-play vertical SaaS company focusing on P&C insurance, government communications, OSHA compliance, and financial advisors. All four units have their original CEOs in place and are similar in size (each generates $25-30 million of annual revenue) and financial profile, except for Bolt which is using cash to expand its network—a wise move, in our opinion. Corporate management focuses on optimizing and scaling operations with SaaS best practices and savvy tuck-in acquisition to drive market leadership, achieve/maintain 20%-plus organic growth, and create long-term sustainable margins. Actua does not look to exit any of its business units through acquisition or spin-off IPO."

For an analyst ratings summary and ratings history on Actua Corporation click here. For more ratings news on Actua Corporation click here.

Shares of Actua Corporation closed at $13.15 yesterday.

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