FTD Companies, Inc. (FTD) PT Lowered to $8.00

FTD Companies, Inc. (NASDAQ:FTD) had its price objective cut by DA Davidson from $17.00 to $8.00 in a report issued on Wednesday. The firm presently has a “neutral” rating on the stock. DA Davidson’s price target would suggest a potential upside of 5.12% from the stock’s current price.

FTD has been the subject of several other research reports. Craig Hallum dropped their price target on shares of FTD Companies from $18.00 to $10.00 and set a “hold” rating for the company in a research report on Thursday, November 9th. Zacks Investment Research raised shares of FTD Companies from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 10th. Finally, BidaskClub lowered shares of FTD Companies from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 8th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $13.00.

FTD Companies (NASDAQ FTD) opened at $7.61 on Wednesday. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.76 and a quick ratio of 0.51. The firm has a market cap of $194.21, a P/E ratio of 8.29, a PEG ratio of 0.60 and a beta of 0.58. FTD Companies has a 52-week low of $6.93 and a 52-week high of $26.19.

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A number of institutional investors and hedge funds have recently added to or reduced their stakes in FTD. PNC Financial Services Group Inc. grew its stake 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 worth $109,000 after buying an additional 56 shares during the period. BNP Paribas Arbitrage SA boosted its stake in shares of FTD Companies by 91.7% in the second quarter. BNP Paribas Arbitrage SA now owns 6,588 shares of the company’s stock valued at $132,000 after purchasing an additional 3,152 shares during the period. Aperio Group LLC purchased a new position in shares of FTD Companies in the third quarter valued at $142,000. Public Employees Retirement System of Ohio boosted its stake in shares of FTD Companies by 16.2% in the first quarter. Public Employees Retirement System of Ohio now owns 8,916 shares of the company’s stock valued at $180,000 after purchasing an additional 1,244 shares during the period. Finally, First Quadrant L P CA purchased a new position in shares of FTD Companies in the third quarter valued at $198,000. Institutional investors own 59.35% 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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