FTD Companies, Inc. (FTD) Given Consensus Rating of “Hold” by Brokerages
FTD Companies, Inc. (NASDAQ:FTD) has earned a consensus rating of “Hold” from the seven brokerages that are covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $19.00.
Several research analysts recently weighed in on FTD shares. DA Davidson started coverage on FTD Companies in a research note on Wednesday, June 14th. They set a “buy” rating and a $23.00 target price on the stock. ValuEngine downgraded FTD Companies from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. BidaskClub downgraded FTD Companies from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Finally, Zacks Investment Research downgraded FTD Companies from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 15th.
Shares of FTD Companies (NASDAQ:FTD) traded down 1.05% on Friday, hitting $13.24. The stock had a trading volume of 78,052 shares. The company’s market cap is $364.68 million. FTD Companies has a 12 month low of $12.35 and a 12 month high of $26.19. The company’s 50 day moving average price is $15.57 and its 200-day moving average price is $18.94.
A number of hedge funds have recently made changes to their positions in FTD. PNC Financial Services Group Inc. grew its stake in FTD Companies by 1.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 5,456 shares of the company’s stock worth $109,000 after buying an additional 56 shares during the last quarter. BNP Paribas Arbitrage SA lifted its position in FTD Companies by 91.7% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 6,588 shares of the company’s stock worth $132,000 after acquiring an additional 3,152 shares during the period. Public Employees Retirement System of Ohio lifted its position in FTD Companies by 16.2% during the 1st quarter. Public Employees Retirement System of Ohio now owns 8,916 shares of the company’s stock worth $180,000 after acquiring an additional 1,244 shares during the period. Voya Investment Management LLC lifted its position in FTD Companies by 14.5% during the 2nd quarter. Voya Investment Management LLC now owns 11,591 shares of the company’s stock worth $232,000 after acquiring an additional 1,465 shares during the period. Finally, Trexquant Investment LP acquired a new stake in FTD Companies during the 1st quarter worth about $249,000. Hedge funds and other institutional investors own 58.83% of the company’s stock.
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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