FTD Companies Inc. (NASDAQ:FTD)‘s stock had its “buy” rating reiterated by research analysts at B. Riley in a report issued on Tuesday. They presently have a $38.00 target price on the stock. B. Riley’s price target suggests a potential upside of 65.58% from the stock’s previous close.
FTD has been the topic of a number of other research reports. Zacks Investment Research upgraded shares of FTD Companies from a “sell” rating to a “buy” rating and set a $28.00 price objective on the stock in a research note on Wednesday, May 11th. Craig Hallum lowered shares of FTD Companies from a “buy” rating to a “hold” rating in a research note on Thursday, July 14th. Finally, TheStreet upgraded shares of FTD Companies from a “sell” rating to a “hold” rating in a research note on Thursday, April 14th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $31.25.
Shares of FTD Companies (NASDAQ:FTD) traded down 1.84% on Tuesday, hitting $22.95. 172,813 shares of the stock traded hands. The firm’s 50-day moving average is $24.39 and its 200 day moving average is $25.57. FTD Companies has a 12-month low of $16.86 and a 12-month high of $30.79. The firm’s market cap is $628.16 million.
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FTD Companies (NASDAQ:FTD) last announced its quarterly earnings results on Thursday, August 4th. The company reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.88 by $0.45. The business had revenue of $338.57 million for the quarter, compared to analyst estimates of $351.50 million. FTD Companies had a negative net margin of 7.31% and a positive return on equity of 7.74%. The company’s quarterly revenue was down 7.4% on a year-over-year basis. During the same period last year, the firm earned $0.61 earnings per share. Equities research analysts forecast that FTD Companies will post $2.07 EPS for the current fiscal year.
Several hedge funds recently modified their holdings of the company. Advisory Services Network LLC raised its stake in shares of FTD Companies by 130.0% in the second quarter. Advisory Services Network LLC now owns 4,600 shares of the company’s stock worth $115,000 after buying an additional 2,600 shares during the period. Barclays PLC raised its stake in shares of FTD Companies by 26,068.4% in the first quarter. Barclays PLC now owns 4,972 shares of the company’s stock worth $129,000 after buying an additional 4,953 shares during the period. BNP Paribas Arbitrage SA raised its stake in shares of FTD Companies by 124.3% in the second quarter. BNP Paribas Arbitrage SA now owns 5,482 shares of the company’s stock worth $137,000 after buying an additional 3,038 shares during the period. Arizona State Retirement System raised its stake in shares of FTD Companies by 4.5% in the first quarter. Arizona State Retirement System now owns 9,361 shares of the company’s stock worth $246,000 after buying an additional 400 shares during the period. Finally, Squarepoint Ops LLC bought a new stake in shares of FTD Companies during the first quarter worth about $319,000. Institutional investors and hedge funds own 64.18% of the company’s stock.
About FTD Companies
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, it is a provider of products and services to its floral network members, which include traditional retail florists and other non-florist retail locations.
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