FTD Companies (FTD) Shares Down 4%
FTD Companies Inc (NASDAQ:FTD)’s share price dropped 4% during mid-day trading on Monday . The company traded as low as $2.72 and last traded at $2.64. Approximately 8,808 shares traded hands during trading, a decline of 98% from the average daily volume of 405,391 shares. The stock had previously closed at $2.75.
FTD has been the subject of a number of research reports. ValuEngine upgraded FTD Companies from a “sell” rating to a “hold” rating in a report on Saturday, June 2nd. DA Davidson lowered their target price on FTD Companies to $3.50 and set a “neutral” rating for the company in a report on Friday, July 20th. Finally, Zacks Investment Research upgraded FTD Companies from a “hold” rating to a “buy” rating and set a $4.00 target price for the company in a report on Tuesday, July 24th.
The firm has a market capitalization of $76.83 million, a PE ratio of 5.89, a PEG ratio of 18.33 and a beta of 0.14.
A number of hedge funds have recently added to or reduced their stakes in FTD. California Public Employees Retirement System grew its holdings in shares of FTD Companies by 13.1% in the 1st quarter. California Public Employees Retirement System now owns 123,201 shares of the company’s stock valued at $448,000 after acquiring an additional 14,235 shares in the last quarter. KBC Group NV grew its holdings in shares of FTD Companies by 49.4% in the 1st quarter. KBC Group NV now owns 56,748 shares of the company’s stock valued at $207,000 after acquiring an additional 18,762 shares in the last quarter. A.R.T. Advisors LLC grew its holdings in shares of FTD Companies by 86.1% in the 1st quarter. A.R.T. Advisors LLC now owns 44,078 shares of the company’s stock valued at $160,000 after acquiring an additional 20,390 shares in the last quarter. Spark Investment Management LLC bought a new position in shares of FTD Companies in the 2nd quarter valued at about $129,000. Finally, Laurion Capital Management LP bought a new position in shares of FTD Companies in the 2nd quarter valued at about $131,000. Hedge funds and other institutional investors own 55.01% of the company’s stock.
FTD Companies Company Profile (NASDAQ:FTD)
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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