FTD Companies, Inc. (FTD) Receives Average Recommendation of “Hold” from Analysts
FTD Companies, Inc. (NASDAQ:FTD) has been given an average rating of “Hold” by the seven analysts that are currently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $19.00.
Several equities research analysts recently commented on the company. Zacks Investment Research cut FTD Companies from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 15th. DA Davidson downgraded FTD Companies from a “buy” rating to a “neutral” rating and cut their target price for the stock from $23.00 to $17.00 in a research report on Wednesday, August 9th. Finally, BidaskClub lowered FTD Companies from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 8th.
Large investors have recently bought and sold shares of the company. GMT Capital Corp grew its stake in shares of FTD Companies by 14.6% in the 1st quarter. GMT Capital Corp now owns 2,144,670 shares of the company’s stock worth $43,194,000 after purchasing an additional 273,536 shares during the last quarter. Alliancebernstein L.P. raised its holdings in shares of FTD Companies by 14.9% in the 1st quarter. Alliancebernstein L.P. now owns 1,344,539 shares of the company’s stock worth $27,079,000 after purchasing an additional 174,370 shares in the last quarter. Clark Estates Inc. NY bought a new stake in shares of FTD Companies in the 2nd quarter worth approximately $2,064,000. Thrivent Financial For Lutherans bought a new stake in shares of FTD Companies in the 2nd quarter worth approximately $2,061,000. Finally, Penserra Capital Management LLC raised its holdings in shares of FTD Companies by 504.4% in the 2nd quarter. Penserra Capital Management LLC now owns 91,387 shares of the company’s stock worth $1,827,000 after purchasing an additional 76,266 shares in the last quarter. Institutional investors own 58.83% of the company’s stock.
FTD Companies (NASDAQ:FTD) traded down 2.22% during midday trading on Wednesday, hitting $13.24. The company had a trading volume of 85,716 shares. The stock’s market cap is $364.68 million. The company’s 50 day moving average is $13.20 and its 200 day moving average is $17.67. FTD Companies has a 12-month low of $12.35 and a 12-month high of $26.19.
ILLEGAL ACTIVITY NOTICE: This piece of content was first reported by American Banking News and is owned by of American Banking News. If you are reading this piece of content on another website, it was illegally copied and republished in violation of US and international copyright & trademark laws. The correct version of this piece of content can be viewed at https://www.americanbankingnews.com/2017/10/04/ftd-companies-inc-ftd-receives-average-recommendation-of-hold-from-analysts.html.
FTD Companies Company Profile
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.
Receive News & Ratings for FTD Companies Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FTD Companies Inc. and related companies with MarketBeat.com's FREE daily email newsletter.