Zacks Investment Research upgraded shares of FTD Companies (NASDAQ:FTD) from a sell rating to a hold rating in a research note published on Wednesday morning.

According to Zacks, “FTD Companies, Inc. operates as a floral and gifting company. The Company provides floral, gift and related products and services to consumers, retail florists, and other retail locations primarily in the U.S., Canada, the U.K., and the Republic of Ireland. Its portfolio of brands also includes Flying Flowers, Flowers Direct, and Drake Algar in the U.K. FTD Companies, Inc. is headquartered in Downers Grove, Illinois. “

Other equities analysts have also issued research reports about the stock. ValuEngine raised shares of FTD Companies from a hold rating to a buy rating in a research report on Thursday, August 2nd. DA Davidson cut their price objective on shares of FTD Companies to $3.50 and set a neutral rating for the company in a research report on Friday, July 20th.

Shares of NASDAQ:FTD traded up $0.12 during trading on Wednesday, reaching $2.31. The stock had a trading volume of 127,289 shares, compared to its average volume of 325,078. The firm has a market cap of $73.48 million, a PE ratio of 5.13, a P/E/G ratio of 17.53 and a beta of 0.17. FTD Companies has a fifty-two week low of $2.16 and a fifty-two week high of $12.72.

FTD Companies (NASDAQ:FTD) last posted its quarterly earnings data on Wednesday, August 8th. The company reported ($0.31) earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.49). The firm had revenue of $299.92 million during the quarter, compared to analyst estimates of $299.40 million. FTD Companies had a negative net margin of 33.52% and a negative return on equity of 9.48%. Equities analysts expect that FTD Companies will post 0.03 earnings per share for the current year.

Hedge funds have recently modified their holdings of the stock. Spark Investment Management LLC acquired a new position in FTD Companies during the second quarter worth approximately $129,000. Laurion Capital Management LP acquired a new position in FTD Companies during the second quarter worth approximately $131,000. LMR Partners LLP acquired a new position in FTD Companies during the second quarter worth approximately $138,000. A.R.T. Advisors LLC increased its position in FTD Companies by 86.1% during the first quarter. A.R.T. Advisors LLC now owns 44,078 shares of the company’s stock worth $160,000 after purchasing an additional 20,390 shares during the last quarter. Finally, Jane Street Group LLC acquired a new position in FTD Companies during the second quarter worth approximately $236,000. 55.01% of the stock is owned by hedge funds and other institutional investors.

About FTD Companies

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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