FTD Companies, Inc. (NASDAQ:FTD) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a report issued on Tuesday.

According to Zacks, “FTD Companies, Inc. operates as a floral and gifting company. The Company provides floral, gift and related products and services to consumers, retail florists, and other retail locations primarily in the U.S., Canada, the U.K., and the Republic of Ireland. Its portfolio of brands also includes Flying Flowers, Flowers Direct, and Drake Algar in the U.K. FTD Companies, Inc. is headquartered in Downers Grove, Illinois. “

FTD has been the subject of a number of other research reports. ValuEngine cut shares of FTD Companies from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. DA Davidson cut shares of FTD Companies from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $23.00 to $17.00 in a research report on Wednesday, August 9th. Finally, BidaskClub cut shares of FTD Companies from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 8th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $20.67.

FTD Companies (NASDAQ FTD) traded down 4.09% during mid-day trading on Tuesday, hitting $13.12. 222,313 shares of the stock traded hands. The stock has a 50-day moving average price of $18.83 and a 200-day moving average price of $20.18. The stock’s market cap is $361.38 million. FTD Companies has a 12 month low of $12.98 and a 12 month high of $26.19.

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Institutional investors have recently bought and sold shares of the company. Penserra Capital Management LLC boosted its position in FTD Companies by 77.6% in the first quarter. Penserra Capital Management LLC now owns 15,121 shares of the company’s stock worth $304,000 after buying an additional 6,607 shares during the last quarter. Alambic Investment Management L.P. bought a new position in FTD Companies during the first quarter worth $279,000. Principal Financial Group Inc. boosted its position in FTD Companies by 3.6% in the first quarter. Principal Financial Group Inc. now owns 130,352 shares of the company’s stock worth $2,625,000 after buying an additional 4,583 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in FTD Companies by 2.2% in the first quarter. Dimensional Fund Advisors LP now owns 2,293,214 shares of the company’s stock worth $46,185,000 after buying an additional 49,839 shares during the last quarter. Finally, Lucus Advisors LLC bought a new position in FTD Companies during the first quarter worth $320,000. 59.16% of the stock is owned by hedge funds and other institutional investors.

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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