FTD Companies Inc (NASDAQ:FTD) shares hit a new 52-week low during trading on Thursday . The stock traded as low as $6.71 and last traded at $7.10, with a volume of 261000 shares traded. The stock had previously closed at $6.94.

FTD has been the subject of several recent research reports. Zacks Investment Research upgraded shares of FTD Companies from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 10th. Craig Hallum reduced their target price on shares of FTD Companies from $18.00 to $10.00 and set a “hold” rating for the company in a report on Thursday, November 9th. DA Davidson reduced their target price on shares of FTD Companies from $17.00 to $8.00 and set a “neutral” rating for the company in a report on Wednesday, November 15th. Finally, BidaskClub cut shares of FTD Companies from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 8th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. FTD Companies presently has an average rating of “Hold” and a consensus target price of $13.00.

The company has a market cap of $191.18, a price-to-earnings ratio of 8.16, a P/E/G ratio of 0.94 and a beta of 0.58. The company has a quick ratio of 0.51, a current ratio of 0.76 and a debt-to-equity ratio of 0.60.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Alliancebernstein L.P. lifted its stake in FTD Companies by 10.4% in the second quarter. Alliancebernstein L.P. now owns 1,484,390 shares of the company’s stock valued at $29,688,000 after acquiring an additional 139,851 shares during the last quarter. Clark Estates Inc. NY acquired a new stake in shares of FTD Companies during the 2nd quarter worth about $2,064,000. Thrivent Financial For Lutherans acquired a new stake in shares of FTD Companies during the 2nd quarter worth about $2,061,000. Citadel Advisors LLC lifted its stake in shares of FTD Companies by 51.9% during the 3rd quarter. Citadel Advisors LLC now owns 290,191 shares of the company’s stock worth $3,784,000 after buying an additional 99,142 shares during the last quarter. Finally, Penserra Capital Management LLC lifted its stake in shares of FTD Companies by 504.4% during the 2nd quarter. Penserra Capital Management LLC now owns 91,387 shares of the company’s stock worth $1,827,000 after buying an additional 76,266 shares during the last quarter. Institutional investors and hedge funds own 58.95% of the company’s stock.

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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.

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