Kursverdoppelung bei Actua Corporation (vorm. Internet Capital)

InsurTech is big—well sort of: InsurTech companies coming in from outside the industry look great in niche environments but will never inhabit the same manicured suburban neighborhoods as existing insurers. They lack the size and the experience to take on risk at a large scale. They can, however, become great downtown partners, working out of their studio loft to bring insurers’ ancient technological capabilities into the 21st century. Better yet, look for an InsurTech with insurance background as not all vendors are created equal.[

http://blog.boltinc.com/...23a%7Cae116487-ded4-4b91-9ca3-978558081ec6
 

FolioDynamix and Apex Clearing Partner to Deliver Next Generation of Automated Investment Advice
Fintech firms aim to advance wealth management industry into fiduciary era with new configurable digital experience for advisor-investor collaboration

NEW YORK–Leading wealth management technology solution provider FolioDynamix announced its partnership with Apex Clearing, an independent, full-service clearing firm, to usher in a new wave of customer-centric investment technology in the wake of the DOL Fiduciary Rule. The collaboration of these two leading companies in the financial services industry combines turnkey investment technology from FolioDynamix with automated and expedited account opening and verification from Apex. This is an important step forward in the effort to evolve standard robo management into a fully configurable digital experience for advisors and investors.

http://www.foliodynamix.com/news/...on-of-automated-investment-advice
 

WEALTH MANAGEMENT INDUSTRY: BY THE NUMBERS

48% of Millennials with $100,000 in investable assets (the demographic that currently controls the largest portion of at-risk assets managed by traditional financial advisors) say they “probably will” or “definitely will” leave their current firm and advisor, compared with just 8% among all other generations of investors. Source: J.D. Power.

64% of Millennials say they prefer hybrid investment advice over either a dedicated human adviser or conventional robo-advisory services, compared with just 28% of Baby Boomers. Source: Survey of 1,300 investors by the professional services firm Accenture.

69% of Millennials say they are amenable to receiving investment advice from Google, Facebook, Amazon and other non-financial companies – tech giants who have already cracked the code on how to address the needs of what are every industry’s most important customer. Source: Accenture survey.  

In Q1 2016, the SaaS market was valued at a median 4.0x revenue multiple - a level last seen in the "double dip" pullback of Q3 2011 and substantially below the average of 5.0x since then. By the time we'd published our last results, in Q2 2016, the valuations in the market were already snapping back to equilibrium: increasing to a median of 4.4x in Q2, 5.1x in Q3, 4.3x in Q4, and 4.9x at present (Q1 2017). The same public market volatility that led to a paucity of IPOs in technology led presented a robust landscape for both strategic and financial M&A.

https://seekingalpha.com/article/...tion-redux-sane-cloud-posse-rides
 

Fair Value von 650 Millionen Dollar für Actua bzw. 21 Dollar pro Aktie.  

aus nachstehender Tabelle

Company Name Ticker Market Cap TEV / NTM Revenue TEV / LTM Revenue NTM Revenue Growth (%) LTM Revenue Growth (%) LTM EBITDA Margin LTM Gross Margin
                                                                                                    §
   Average         -    $4,997      4.5x      5.6x       21%       24%       -4%       69%          §
    Median         -    $1,956      4.2x      5.0x       18%       24%        0%       69%          §
2U, Inc. TWOU $1,760 5.9x 7.8x 31% 37% -9% 80%
8x8, Inc. EGHT $1,359 4.2x 4.9x 16% 25% 2% 74%
Adobe Systems Incorporated ADBE $63,788 8.1x 9.9x 22% 21% 32% 86%
Amber Road, Inc. AMBR $209 2.6x 3.0x 12% 9% -17% 51%
AppFolio, Inc. APPF $879 6.2x 8.1x 30% 41% -4% 58%
athenahealth, Inc. ATHN $4,417 3.5x 4.2x 19% 17% 10% 51%
Atlassian Corporation Plc TEAM $6,632 8.3x 11.7x 40% 37% 0% 88%
Bazaarvoice, Inc. BV $348 1.5x 1.5x 2% 2% -4% 62%
Benefitfocus, Inc. BNFT $843 3.3x 3.8x 14% 26% -9% 48%
Blackbaud, Inc. BLKB $3,531 4.9x 5.3x 8% 15% 17% 54%
Box, Inc. BOX $2,092 4.0x 5.0x 26% 32% -29% 72%
BroadSoft, Inc. BSFT $1,258 3.1x 3.6x 16% 22% 10% 73%
Castlight Health, Inc. CSLT $379 2.2x 2.6x 20% 35% -53% 66%
ChannelAdvisor Corporation ECOM $280 1.8x 1.9x 9% 13% -5% 76%
Citrix Systems, Inc. CTXS $13,132 4.5x 3.7x -17% 4% 30% 85%
Cornerstone OnDemand, Inc. CSOD $2,228 4.5x 5.1x 14% 25% -11% 68%
Ebix, Inc. EBIX $1,909 6.3x 7.0x 10% 12% 37% 71%
Ellie Mae, Inc. ELLI $3,373 6.7x 8.2x 22% 42% 20% 67%
FireEye, Inc. FEYE $2,221 2.8x 2.8x 1% 15% -41% 62%
Five9, Inc. FIVN $984 5.2x 6.0x 16% 26% 1% 59%
Guidewire Software, Inc. GWRE $4,183 6.8x 8.0x 18% 14% 4% 63%
Halogen Software Inc. HGN $266 2.8x 3.0x 7% 10% 9% 76%
HealthStream, Inc. HSTM $760 2.6x 2.9x 12% 8% 9% 57%
Hortonworks, Inc. HDP $591 2.1x 2.7x 29% 51% -132% 61%
HubSpot, Inc. HUBS $2,144 5.8x 7.5x 30% 49% -14% 77%
Jive Software, Inc. JIVE $344 1.2x 1.2x 0% 4% 0% 67%
K12 Inc. LRN $749 0.7x 0.7x 2% -2% 5% 37%
LivePerson, Inc. LPSN $405 1.7x 1.6x -8% -7% 4% 72%
LogMeIn, Inc. LOGM $5,084 4.9x 14.6x 198% 24% 12% 86%
Marin Software Incorporated MRIN $71 0.5x 0.4x -12% -8% -6% 65%
Medidata Solutions, Inc. MDSO $3,267 5.7x 6.8x 19% 18% 14% 76%
MicroStrategy Incorporated MSTR $2,147 3.0x 3.0x 3% -3% 23% 82%
MINDBODY, Inc. MB $1,126 5.8x 7.6x 30% 37% -10% 69%
New Relic, Inc. NEWR $1,956 5.6x 7.3x 30% 50% -22% 81%
Proofpoint, Inc. PFPT $3,232 6.5x 8.5x 31% 41% -11% 71%
Quality Systems, Inc. QSII $933 1.8x 1.8x 2% 2% 12% 55%
Qualys, Inc. QLYS $1,322 4.8x 5.4x 14% 20% 24% 79%
RealPage, Inc. RP $2,801 4.2x 5.0x 19% 21% 14% 57%
RingCentral, Inc. RNG $2,031 3.9x 5.3x 36% 28% -3% 81%
salesforce.com, inc. CRM $58,114 5.8x 7.0x 21% 26% 6% 73%
ServiceNow, Inc. NOW $14,277 7.6x 10.0x 32% 38% -5% 71%
Shopify Inc. SHOP $6,528 10.2x 15.8x 54% 90% -7% 54%
Splunk Inc. SPLK $8,311 6.1x 7.7x 26% 42% -32% 80%
SPS Commerce, Inc. SPSC $988 3.8x 4.4x 14% 22% 10% 67%
Tableau Software, Inc. DATA $3,766 3.2x 3.5x 7% 27% -12% 88%
Tangoe, Inc. TNGO $209 0.8x 0.8x 5% 6% 4% 54%
The Ultimate Software Group, Inc. ULTI $5,747 5.8x 7.3x 24% 26% 9% 62%
TrueCar, Inc. TRUE $1,372 4.1x 4.7x 15% 7% -9% 91%
Upland Software, Inc. UPLD $276 3.5x 3.9x 13% 7% 9% 63%
Veeva Systems Inc. VEEV $7,013 9.9x 11.9x 21% 33% 22% 68%
Workday, Inc. WDAY $16,997 7.7x 9.9x 29% 35% -17% 69%
Workiva Inc. WK $642 2.9x 3.4x 15% 23% -22% 71%
Xactly Corporation XTLY $367 3.0x 3.6x 18% 26% -13% 61%
Xero Limited XRO $2,542 6.7x 9.8x 46% 55% -33% 78%
Zendesk, Inc. ZEN $2,641 5.8x 7.7x 35% 49% -27% 70%

https://seekingalpha.com/article/...tion-redux-sane-cloud-posse-rides
 

hat sich gut entwickelt:

https://finance.yahoo.com/chart/...VlM2ZmIiwicmFuZ2UiOiI2bW8ifQ%3D%3D  

hat sich gut entwickelt:

https://finance.yahoo.com/chart/...IzQ1ZTNmZiIsInJhbmdlIjoiNm1vIn0%3D  

wicklung von Actua sehe ich nicht.

Da es aber passiert ist, muss e andere Gründe geben.  

größte Eigner Fidelity auf seine langeährirge Beteiligungsqoute von ca. 15% zurück ist, die durch die massiven Aktienrückkäufe der letzten 12 Monate erheblich über diesen Wert von 15% hinausgestiegen war. Und der dazu erforderliche Verkauf von 882.400 Stück war sicher kein Pappenstiel.

Owner Name
Date
Shared Held
Change (Shares)
Change (%)
Value (in 1,000s)

Owner Name
Date
Shared Held
Change (Shares)
Change (%)
Value (in 1,000s)

FMR LLC
06/30/2017 5,039,228 (882,400)    (14.9)62,738
§
http://www.nasdaq.com/symbol/acta/institutional-holdings
 

Libuda: Und ich gehe davon aus, dass Actua weiter
 
dass untern diesen Umständen, Actua nicht an hohen Kursen interessiert ist.


24.08.17 22:15
#9367  
- entsprechend den Ankündigungen - Aktien zurückkauft:

Share Repurchases: Actua’s Fourth Platform

• Total amount deployed since inception of buyback program in 2008 through June 15, 2017, is $153.4 million
• 13.3 million shares repurchased at an average price of $11.50
• Authorization of $36.4 million remaining under the $189.8 million repurchase program

www.actua.com/wp-content/uploads/2017/06/...-Meeting-FINAL.pdf  

in rückkaufe stecken:

On October 18, 2016, an additional $10.0 million was placed in escrow related to the GovDelivery sale.

http://icge.ir.edgar-online.com/efxapi/EFX_dll/...1xS&ID=11671106

 

Millionen Aktien bei der Berechnung der Marktkapitalisierung, denn Market Cap 384.192M ergeben bei einem Kurs von 12,55 eine Zahl von 30,56 Millionen Aktien.


12.55+0.10 (+0.80 %)
At close: 4:00PM EDT
12.45 0.00 (0.00%)
After hours: ‎Aug‎ ‎25, 4:22PM EDT
Full screen
Previous Close 12.45
      Open     12.45          §
       Bid§12.45 x 100
       Ask§19.95 x 200
Day's Range 12.30 - 12.60
52 Week Range 10.00 - 15.28
    Volume    67,548§
Avg. Volume 121,366
Market Cap 384.192M
      Beta      1.82§
PE Ratio (TTM) 5.94
EPS (TTM) 2.11
Earnings Date ‎May‎ ‎4‎, ‎2017 - ‎May‎ ‎8‎, ‎2017
Dividend & Yield N/A (N/A)
Ex-Dividend Date N/A
1y Target Est 16.67
Trade prices are not sourced from all markets

https://finance.yahoo.com/quote/ACTA?p=ACTA

 

läge das Umsatzmultiple sogar unter 3.  

ergäbe sich somit ein Kurspotenzial von ca. 70%.

Aufgrund der Qualität der drei Core-Companies sollte meines Erachtems das Multiple sogar etwas über dem Median Multiple liegen.  

https://www.boltinsurance.com/

Meines Erachtens etwas Drahltseiakt, weil man damit den Agency -Kunden im Hauptgeschäft Konkurrenz macht. Ich vermute daher, dass man das nicht massiv forciert, sondern nur als offen zu haltende Option betrachtet, wenn die Entwicklung in diese Richtung geht, und um Erfahrungen für Offerten im Hauptgeschäft zu sammeln.

 

einmal okay:

Actua Corporation (ACTA)
NASDAQ Global Select - NASDAQ Global Select Real Time Price. Currency in USD
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12.75+0.20 (+1.59 %)
At close: 4:00PM EDT
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Full screen

Previous Close
12.55
Open
12.55
Bid
10.30 x 100
Ask
15.10 x 100
Day's Range
12.50 - 12.85
52 Week Range
10.05 - 15.28
Volume
159,029
Avg. Volume
120,626
Market Cap
390.31M
Beta
1.82
PE Ratio (TTM)
6.04
EPS (TTM)
2.11
Earnings Date
‎May‎ ‎4‎, ‎2017 - ‎May‎ ‎8‎, ‎2017
Dividend & Yield
N/A (N/A)
Ex-Dividend Date
N/A
1y Target Est
16.67

Quelle: financeyahoo.com  

https://www.crunchbase.com/organization/relay-network#/entity  

As for how the company’s 2017 gamplan, Gillin set the bar pretty freakin’ high:
“Each of the last three years we’ve doubled in clients and revenue,” Gillin said. “For 2017 we want to double again, both from a client and revenue perspective, and we want to deliver some really cool new features and functionality.”

https://technical.ly/philly/2017/01/13/relay-ceo-matt-gillin-tv/

Wenn das keine Seifenblase ist, sollte Actua hier nachlegen, wenn ein Beteiligung nicht zu teuer ist.
 

July 13, 2017
Relay Named a Cool Vendor in Gartners 2017 Customer Service and Support Report
Leading Analyst Firm Selects Innovative, Impactful, and Intriguing Vendors in the Customer Service and Support Report

Relay Network, the company taking the guesswork out of customer service, today announced that it has been recognized as a 2017 “Cool Vendor” in the CRM Service and Support report by Gartner, Inc. The research provides application leaders and customer service business buyers with a view of five Cool Vendors that bring innovation to the customer service and support space. Gartner’s report points out, “Make the customer journey transparent not only to your staff, but also to your customers. Consider Relay to create a continuous CX across multiple channels and devices

http://relaynetwork.com/blog/relay-named-a-gartner-cool-vendor/
 

12.85+0.10 (+0.78 %)
As of 2:39PM EDT. Market open.
Full screen
Previous Close 12.75
      Open     12.80          §
       Bid§12.80 x 700
       Ask§12.85 x 200
Day's Range 12.65 - 12.98
52 Week Range 10.05 - 15.28
    Volume   104,400§
Avg. Volume 121,216
Market Cap 393.38M
      Beta      1.82§
PE Ratio (TTM) 6.08
EPS (TTM) 2.11
Earnings Date ‎May‎ ‎4‎, ‎2017 - ‎May‎ ‎8‎, ‎2017
Dividend & Yield N/A (N/A)
Ex-Dividend Date N/A
1y Target Est 16.67
Trade prices are not sourced from all markets

https://finance.yahoo.com/quote/ACTA?p=ACTA
 

Cynvenio, St. Luke's Partner on Breast Cancer Study
Aug 17, 2017
|
NEW YORK (GenomeWeb) – Cynvenio Biosystems today announced the launch of a breast cancer monitoring study in partnership with Saint Luke's Cancer Institute.

The goal of the study — which is directed at patients at high risk of relapse after neoadjuvant chemotherapy — is to evaluate the use of liquid biopsy and natural killer cell testing for the early detection of recurrent breast cancer. In the first phase, patients who are scheduled for neoadjuvant chemotherapy before surgery will get tested. In the next phase, patients will be tested after surgery.

Cynvenio offers the ClearID Breast Cancer test, which sequences 27 genes commonly mutated in breast cancer. The test analyzes cell-free DNA and circulating tumor cells before and after treatment, while assessing the correlation of natural killer cell activity to a patient's response to chemotherapy. The firm said that the study is anticipated to determine whether the surveillance of CTC and NK cells are predictive of clinical relapse following neoadjuvant therapy

https://www.genomeweb.com/business-news/...artner-breast-cancer-study
 

https://www.bleedingcool.com/2017/08/16/...cluding-todays-new-titles/  

The latest round brings Scopely to $160 million raised to date, and comes less than a year after it pulled in $55 million. The L.A.-based company says it has a valuation over $600 million and is profitable, after growing revenue ninefold over the past nine quarters.

http://variety.com/2017/digital/news/...revolution-growth-1202467227/
 

https://www.consorsbank.de/ev/aktie/actua-co-US0050941071