Analysts Set FTD Companies, Inc. (FTD) PT at $19.00

Shares of FTD Companies, Inc. (NASDAQ:FTD) have been assigned a consensus rating of “Hold” from the seven ratings firms that are presently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $19.00.

A number of brokerages recently weighed in on FTD. ValuEngine downgraded shares of FTD Companies from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Zacks Investment Research downgraded shares of FTD Companies from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 15th. DA Davidson downgraded shares of FTD Companies from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $23.00 to $17.00 in a research report on Wednesday, August 9th. Finally, BidaskClub downgraded shares of FTD Companies from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 8th.

Shares of FTD Companies (NASDAQ FTD) traded up 1.78% during midday trading on Friday, hitting $13.74. 147,309 shares of the stock traded hands. The firm’s market capitalization is $378.45 million. FTD Companies has a 52 week low of $12.35 and a 52 week high of $26.19. The company’s 50-day moving average is $15.45 and its 200 day moving average is $18.82.

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A number of hedge funds have recently made changes to their positions in FTD. PNC Financial Services Group Inc. increased its holdings in FTD Companies by 1.0% during the first quarter. PNC Financial Services Group Inc. now owns 5,456 shares of the company’s stock valued at $109,000 after buying an additional 56 shares during the last quarter. BNP Paribas Arbitrage SA increased its holdings in FTD Companies by 91.7% during the second quarter. BNP Paribas Arbitrage SA now owns 6,588 shares of the company’s stock valued at $132,000 after buying an additional 3,152 shares during the last quarter. Public Employees Retirement System of Ohio increased its holdings in FTD Companies by 16.2% during the first quarter. Public Employees Retirement System of Ohio now owns 8,916 shares of the company’s stock valued at $180,000 after buying an additional 1,244 shares during the last quarter. Voya Investment Management LLC increased its holdings in FTD Companies by 14.5% during the second quarter. Voya Investment Management LLC now owns 11,591 shares of the company’s stock valued at $232,000 after buying an additional 1,465 shares during the last quarter. Finally, Trexquant Investment LP purchased a new stake in FTD Companies during the first quarter valued at approximately $249,000. 58.83% of the stock is owned by institutional investors and hedge funds.

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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