Zacks Investment Research upgraded shares of FTD Companies, Inc. (NASDAQ:FTD) from a strong sell rating to a hold rating in a research report released on Tuesday 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. “
FTD has been the topic of several other reports. DA Davidson lowered shares of FTD Companies from a buy rating to a neutral rating and cut their price target for the stock from $23.00 to $17.00 in a research note on Wednesday, August 9th. BidaskClub lowered shares of FTD Companies from a sell rating to a strong sell rating in a research note on Tuesday, August 8th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. The stock has an average rating of Hold and a consensus price target of $19.00.
Shares of FTD Companies (NASDAQ FTD) opened at 13.22 on Tuesday. The stock’s market capitalization is $364.13 million. FTD Companies has a one year low of $12.35 and a one year high of $26.19. The stock’s 50 day moving average is $13.27 and its 200-day moving average is $17.45.
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A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP increased its stake in FTD Companies by 0.3% in the second quarter. Dimensional Fund Advisors LP now owns 2,299,788 shares of the company’s stock valued at $45,996,000 after purchasing an additional 6,574 shares during the period. Vanguard Group Inc. increased its stake in FTD Companies by 4.6% in the first quarter. Vanguard Group Inc. now owns 1,523,000 shares of the company’s stock valued at $30,674,000 after purchasing an additional 67,638 shares during the period. Alliancebernstein L.P. increased its stake in FTD Companies by 10.4% in the second quarter. Alliancebernstein L.P. now owns 1,484,390 shares of the company’s stock valued at $29,688,000 after purchasing an additional 139,851 shares during the period. Boston Partners increased its stake in FTD Companies by 2.5% in the second quarter. Boston Partners now owns 712,648 shares of the company’s stock valued at $14,253,000 after purchasing an additional 17,530 shares during the period. Finally, Prudential Financial Inc. increased its stake in FTD Companies by 3.1% in the second quarter. Prudential Financial Inc. now owns 283,908 shares of the company’s stock valued at $5,678,000 after purchasing an additional 8,443 shares during the period. Institutional investors own 58.83% of the company’s stock.
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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