FTD Companies, Inc. (NASDAQ:FTD) was downgraded by equities researchers at BidaskClub from a “sell” rating to a “strong sell” rating in a research report issued to clients and investors on Tuesday, August 8th.
A number of other equities research analysts have also weighed in on the company. ValuEngine lowered FTD Companies from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. DA Davidson started coverage on FTD Companies in a research report on Wednesday, June 14th. They set a “buy” rating and a $23.00 price target on the stock. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $20.67.
FTD Companies (FTD) opened at 12.73 on Tuesday. The stock’s 50 day moving average price is $18.22 and its 200-day moving average price is $20.00. FTD Companies has a 12 month low of $12.35 and a 12 month high of $26.19. The firm’s market capitalization is $350.64 million.
Large investors have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. increased its stake in FTD Companies by 1.0% in the first quarter. PNC Financial Services Group Inc. now owns 5,456 shares of the company’s stock valued at $109,000 after buying an additional 56 shares during the period. BNP Paribas Arbitrage SA increased its stake in FTD Companies by 91.7% in the second quarter. BNP Paribas Arbitrage SA now owns 6,588 shares of the company’s stock valued at $132,000 after buying an additional 3,152 shares during the period. Public Employees Retirement System of Ohio increased its stake in FTD Companies by 16.2% in the first quarter. Public Employees Retirement System of Ohio now owns 8,916 shares of the company’s stock valued at $180,000 after buying an additional 1,244 shares during the period. Thrivent Financial for Lutherans bought a new stake in FTD Companies during the fourth quarter valued at approximately $220,000. Finally, Voya Investment Management LLC increased its stake in FTD Companies by 14.5% in the second quarter. Voya Investment Management LLC now owns 11,591 shares of the company’s stock valued at $232,000 after buying an additional 1,465 shares during the period. Institutional investors own 59.16% 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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