FTD Companies (FTD) Shares Down 13.7%
FTD Companies Inc (NASDAQ:FTD) fell 13.7% on Monday . The company traded as low as $2.61 and last traded at $2.99. 17,768 shares traded hands during trading, a decline of 89% from the average session volume of 164,995 shares. The stock had previously closed at $2.63.
A number of research firms recently weighed in on FTD. ValuEngine raised FTD Companies from a “hold” rating to a “buy” rating in a report on Monday, July 2nd. DA Davidson decreased their price objective on FTD Companies to $3.50 and set a “neutral” rating on the stock in a research report on Friday, July 20th. Finally, Zacks Investment Research lowered FTD Companies from a “hold” rating to a “sell” rating in a research report on Wednesday, August 15th.
The stock has a market cap of $73.48 million, a P/E ratio of 6.53, a price-to-earnings-growth ratio of 17.53 and a beta of 0.14.
A number of institutional investors and hedge funds have recently made changes to their positions in FTD. Mackay Shields LLC bought a new position in FTD Companies in the 1st quarter valued at $466,000. Engineers Gate Manager LP bought a new position in FTD Companies in the 1st quarter valued at $165,000. Alambic Investment Management L.P. boosted its position in FTD Companies by 617.0% in the 1st quarter. Alambic Investment Management L.P. now owns 117,106 shares of the company’s stock valued at $426,000 after buying an additional 100,774 shares during the last quarter. KBC Group NV boosted its position in 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 buying an additional 18,762 shares during the last quarter. Finally, BlackRock Inc. boosted its position in FTD Companies by 1.3% in the 1st quarter. BlackRock Inc. now owns 2,319,391 shares of the company’s stock valued at $8,443,000 after buying an additional 30,501 shares during the last quarter. Hedge funds and other institutional investors own 55.02% of the company’s stock.
About FTD Companies (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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