DA Davidson downgraded shares of FTD Companies, Inc. (NASDAQ:FTD) from a buy rating to a neutral rating in a research note issued to investors on Wednesday morning, MarketBeat reports. They currently have $17.00 target price on the stock, down from their prior target price of $23.00.
Several other equities analysts have also recently weighed in on FTD. BidaskClub cut shares of FTD Companies from a sell rating to a strong sell rating in a research note on Tuesday, August 8th. ValuEngine cut shares of FTD Companies from a buy rating to a hold rating in a research note on Friday, June 2nd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. The stock has a consensus rating of Hold and a consensus price target of $20.67.
Shares of FTD Companies (NASDAQ FTD) opened at 13.85 on Wednesday. The firm has a 50-day moving average of $19.17 and a 200-day moving average of $20.35. The firm’s market capitalization is $381.48 million. FTD Companies has a 1-year low of $13.58 and a 1-year high of $26.19.
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Several large investors have recently added to or reduced their stakes in the stock. Trexquant Investment LP bought a new stake in FTD Companies during the first quarter valued at approximately $249,000. State of Tennessee Treasury Department increased its stake in FTD Companies by 17.8% in the first quarter. State of Tennessee Treasury Department now owns 17,586 shares of the company’s stock valued at $354,000 after buying an additional 2,654 shares during the last quarter. Virginia Retirement Systems ET AL increased its stake in FTD Companies by 46.8% in the first quarter. Virginia Retirement Systems ET AL now owns 25,400 shares of the company’s stock valued at $512,000 after buying an additional 8,100 shares during the last quarter. Ameriprise Financial Inc. increased its stake in FTD Companies by 3.7% in the first quarter. Ameriprise Financial Inc. now owns 90,930 shares of the company’s stock valued at $1,832,000 after buying an additional 3,275 shares during the last quarter. Finally, Olstein Capital Management L.P. increased its stake in FTD Companies by 21.4% in the first quarter. Olstein Capital Management L.P. now owns 163,500 shares of the company’s stock valued at $3,293,000 after buying an additional 28,801 shares during the last quarter. 59.58% of the stock is owned by institutional investors.
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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