Zacks Investment Research Upgrades FTD Companies (FTD) to “Hold”

Zacks Investment Research upgraded shares of FTD Companies (NASDAQ:FTD) from a strong sell rating to a hold rating in a research note issued to investors on Wednesday, Zacks.com reports.

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. “

Several other equities research analysts also recently issued reports on FTD. ValuEngine downgraded FTD Companies from a buy rating to a hold rating in a report on Friday, February 8th. DA Davidson reiterated a neutral rating on shares of FTD Companies in a report on Friday, March 15th. Finally, Craig Hallum decreased their price target on FTD Companies from $3.00 to $1.50 and set a hold rating for the company in a report on Friday, March 15th.

Shares of NASDAQ:FTD opened at $0.91 on Wednesday. FTD Companies has a twelve month low of $0.42 and a twelve month high of $6.40.

FTD Companies (NASDAQ:FTD) last issued its earnings results on Thursday, March 14th. The company reported ($2.44) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.12) by ($2.32). FTD Companies had a negative return on equity of 45.38% and a negative net margin of 22.16%. The firm had revenue of $247.53 million for the quarter, compared to analyst estimates of $255.60 million. On average, equities analysts predict that FTD Companies will post -0.11 earnings per share for the current year.

A number of institutional investors have recently made changes to their positions in FTD. Marshall Wace LLP bought a new position in FTD Companies in the 3rd quarter valued at $39,000. Norges Bank bought a new position in FTD Companies in the 4th quarter valued at $402,000. BlackRock Inc. grew its stake in FTD Companies by 23.7% in the 4th quarter. BlackRock Inc. now owns 467,404 shares of the company’s stock valued at $692,000 after purchasing an additional 89,456 shares during the period. D. E. Shaw & Co. Inc. grew its stake in FTD Companies by 27.2% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 203,052 shares of the company’s stock valued at $300,000 after purchasing an additional 43,378 shares during the period. Finally, AQR Capital Management LLC bought a new position in FTD Companies in the 3rd quarter valued at $257,000. Institutional investors and hedge funds own 45.02% of the company’s stock.

About FTD Companies

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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