FTD Companies (FTD) Downgraded by ValuEngine to Strong Sell

FTD Companies (NASDAQ:FTD) was downgraded by equities researchers at ValuEngine from a “sell” rating to a “strong sell” rating in a report issued on Thursday.

FTD has been the subject of several other research reports. Zacks Investment Research raised shares of FTD Companies from a “sell” rating to a “buy” rating and set a $5.00 price target for the company in a research report on Friday, April 6th. DA Davidson reduced their price target on shares of FTD Companies to $3.50 and set a “neutral” rating for the company in a research report on Wednesday, April 4th. Two investment analysts have rated the stock with a sell rating and three have issued a hold rating to the company. The stock has an average rating of “Hold” and a consensus price target of $6.75.

FTD Companies traded up $0.34, reaching $5.26, during mid-day trading on Thursday, Marketbeat.com reports. The company’s stock had a trading volume of 379,299 shares, compared to its average volume of 365,871. FTD Companies has a 12-month low of $4.70 and a 12-month high of $5.08. The firm has a market cap of $131.02 million, a price-to-earnings ratio of 11.69, a price-to-earnings-growth ratio of 0.70 and a beta of 0.28.

FTD Companies (NASDAQ:FTD) last issued its earnings results on Monday, April 2nd. The company reported $0.09 earnings per share for the quarter. FTD Companies had a negative return on equity of 0.01% and a negative net margin of 20.88%. The business had revenue of $278.09 million during the quarter, compared to analyst estimates of $273.88 million. sell-side analysts anticipate that FTD Companies will post 0.45 EPS for the current year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Crossmark Global Holdings Inc. purchased a new stake in shares of FTD Companies during the 4th quarter valued at about $127,000. Wells Fargo & Company MN increased its position in shares of FTD Companies by 43.3% during the 3rd quarter. Wells Fargo & Company MN now owns 18,648 shares of the company’s stock valued at $243,000 after purchasing an additional 5,634 shares during the last quarter. Stone Ridge Asset Management LLC purchased a new stake in shares of FTD Companies during the 4th quarter valued at about $161,000. Arizona State Retirement System purchased a new stake in shares of FTD Companies during the 4th quarter valued at about $203,000. Finally, Investors Research Corp purchased a new stake in shares of FTD Companies during the 4th quarter valued at about $214,000. 60.32% of the stock is owned by hedge funds and other institutional investors.

About FTD Companies

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

To view ValuEngine’s full report, visit ValuEngine’s official website.

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