FTD Companies (NASDAQ:FTD) had its target price cut by DA Davidson from $17.00 to $8.00 in a research report sent to investors on Wednesday, November 15th. They currently have a neutral rating on the stock.
FTD has been the subject of several other research reports. BidaskClub downgraded FTD Companies from a hold rating to a sell rating in a research note on Thursday, July 27th. Zacks Investment Research upgraded FTD Companies from a strong sell rating to a hold rating in a research note on Tuesday, October 10th. Finally, Craig Hallum decreased their target price on FTD Companies from $18.00 to $10.00 and set a hold rating for the company in a research note on Thursday, November 9th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. The company presently has a consensus rating of Hold and an average price target of $13.00.
Shares of FTD Companies (FTD) traded up $0.25 during midday trading on Wednesday, reaching $7.00. The company’s stock had a trading volume of 364,973 shares, compared to its average volume of 169,207. The company has a quick ratio of 0.51, a current ratio of 0.76 and a debt-to-equity ratio of 0.60. FTD Companies has a 1 year low of $6.47 and a 1 year high of $26.19. The stock has a market capitalization of $185.94, a P/E ratio of 7.94, a P/E/G ratio of 0.92 and a beta of 0.37.
A number of large investors have recently made changes to their positions in the stock. Alliancebernstein L.P. raised its holdings in FTD Companies by 10.4% in the 2nd quarter. Alliancebernstein L.P. now owns 1,484,390 shares of the company’s stock valued at $29,688,000 after acquiring an additional 139,851 shares in the last quarter. Clark Estates Inc. NY acquired a new stake in FTD Companies during the 2nd quarter valued at $2,064,000. Thrivent Financial For Lutherans acquired a new stake in FTD Companies during the 2nd quarter valued at $2,061,000. Citadel Advisors LLC increased its holdings in FTD Companies by 51.9% during the 3rd quarter. Citadel Advisors LLC now owns 290,191 shares of the company’s stock valued at $3,784,000 after purchasing an additional 99,142 shares in the last quarter. Finally, Penserra Capital Management LLC increased its holdings in FTD Companies by 504.4% during the 2nd quarter. Penserra Capital Management LLC now owns 91,387 shares of the company’s stock valued at $1,827,000 after purchasing an additional 76,266 shares in the last quarter. Hedge funds and other institutional investors own 58.98% of the company’s stock.
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About FTD Companies
FTD Companies, Inc (FTD) is a floral and gifting company. The Company operates through four segments: Consumer, Florist, International and Provide Commerce. Through its Consumer segment, FTD is a direct marketer of floral and gift products for consumers, primarily in the United States and Canada. Through its Florist segment, the Company is a provider of products and services to its floral network members, which include traditional retail florists and other non-florist retail locations, primarily in the United States and Canada.
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