Shares of FTD Companies Inc (NASDAQ:FTD) reached a new 52-week low during mid-day trading on Thursday following a dissappointing earnings announcement. The company traded as low as $1.21 and last traded at $1.25, with a volume of 848448 shares traded. The stock had previously closed at $1.63.

The company reported ($2.44) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($2.32). The business had revenue of $247.53 million during the quarter, compared to analysts’ expectations of $255.60 million. FTD Companies had a negative return on equity of 16.67% and a negative net margin of 29.61%.

FTD has been the topic of several research reports. Zacks Investment Research raised FTD Companies from a “sell” rating to a “hold” rating in a research report on Tuesday, January 15th. ValuEngine lowered FTD Companies from a “buy” rating to a “hold” rating in a research report on Friday, February 8th. DA Davidson reaffirmed a “neutral” rating on shares of FTD Companies in a research report on Friday. Finally, Craig Hallum dropped their target price on FTD Companies from $3.00 to $1.50 and set a “hold” rating on the stock in a research report on Friday.

A number of hedge funds have recently modified their holdings of FTD. Marshall Wace LLP acquired a new position in shares of FTD Companies during the 3rd quarter valued at about $39,000. AQR Capital Management LLC acquired a new position in shares of FTD Companies during the 3rd quarter valued at about $257,000. California Public Employees Retirement System increased its holdings in shares of FTD Companies by 5.7% during the 4th quarter. California Public Employees Retirement System now owns 120,985 shares of the company’s stock valued at $179,000 after acquiring an additional 6,494 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of FTD Companies by 1,096.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 150,169 shares of the company’s stock valued at $395,000 after acquiring an additional 137,616 shares during the last quarter. Finally, Two Sigma Advisers LP increased its holdings in shares of FTD Companies by 4.8% during the 4th quarter. Two Sigma Advisers LP now owns 179,428 shares of the company’s stock valued at $266,000 after acquiring an additional 8,228 shares during the last quarter. 44.97% of the stock is currently owned by institutional investors.

The firm has a market cap of $33.30 million, a P/E ratio of 2.62, a PEG ratio of 1.07 and a beta of 1.59.

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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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