FTD Companies (FTD) Given “Neutral” Rating at DA Davidson

FTD Companies (NASDAQ:FTD)‘s stock had its “neutral” rating reissued by equities research analysts at DA Davidson in a research note issued on Friday, The Fly reports.

A number of other analysts have also recently commented on FTD. Zacks Investment Research upgraded shares of FTD Companies from a “sell” rating to a “hold” rating in a research report on Tuesday, January 15th. ValuEngine cut shares of FTD Companies from a “buy” rating to a “hold” rating in a research report on Friday, February 8th.

FTD stock opened at $1.26 on Friday. The firm has a market capitalization of $45.44 million, a PE ratio of 2.80, a P/E/G ratio of 1.07 and a beta of 1.59. FTD Companies has a twelve month low of $1.39 and a twelve month high of $6.71.

FTD Companies (NASDAQ:FTD) last posted its quarterly earnings results on Thursday, March 14th. The company reported ($2.44) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.12) by ($2.32). The company had revenue of $247.53 million during the quarter, compared to analyst estimates of $255.60 million. FTD Companies had a negative net margin of 29.61% and a negative return on equity of 16.67%. Sell-side analysts forecast that FTD Companies will post -0.51 earnings per share for the current year.

Several hedge funds and other institutional investors have recently made changes to their positions in FTD. Millennium Management LLC acquired a new stake in FTD Companies in the 2nd quarter valued at about $1,492,000. Paloma Partners Management Co acquired a new stake in FTD Companies in the 2nd quarter valued at about $382,000. JPMorgan Chase & Co. lifted its stake in FTD Companies by 292.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 56,004 shares of the company’s stock valued at $729,000 after purchasing an additional 41,723 shares during the last quarter. Laurion Capital Management LP acquired a new stake in FTD Companies in the 2nd quarter valued at about $131,000. Finally, Prudential Financial Inc. lifted its stake in FTD Companies by 3.1% in the 2nd quarter. Prudential Financial Inc. now owns 283,908 shares of the company’s stock valued at $5,678,000 after purchasing an additional 8,443 shares during the last quarter. Institutional investors own 44.97% of the company’s stock.

FTD Companies Company Profile

FTD Companies, Inc, together with its subsidiaries, operates as a floral and gifting company primarily in the United States, Canada, the United Kingdom, and the Republic of Ireland. It operates through four segments: Provide Commerce, Consumer, Florist, and International. The company offers floral, specialty foods, gift, and related products and services to consumers, retail florists, and other retail locations and companies.

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