Shares of FTD Companies, Inc. (NASDAQ:FTD) have received an average rating of “Hold” from the seven analysts that are covering the firm, Marketbeat.com reports. One investment 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 average 1-year price target among brokers that have updated their coverage on the stock in the last year is $19.00.
Several research firms have recently weighed in on FTD. BidaskClub cut FTD Companies from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. DA Davidson began coverage on FTD Companies in a research report on Wednesday, June 14th. They issued a “buy” rating and a $23.00 price objective for the company. Finally, ValuEngine cut FTD Companies from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Ameriprise Financial Inc. raised its position in shares of FTD Companies by 3.7% in the first quarter. Ameriprise Financial Inc. now owns 90,930 shares of the company’s stock worth $1,832,000 after buying an additional 3,275 shares during the last quarter. Olstein Capital Management L.P. raised its position in shares of FTD Companies by 21.4% in the first quarter. Olstein Capital Management L.P. now owns 163,500 shares of the company’s stock worth $3,293,000 after buying an additional 28,801 shares during the last quarter. Gabelli Funds LLC raised its position in shares of FTD Companies by 25.8% in the first quarter. Gabelli Funds LLC now owns 19,500 shares of the company’s stock worth $393,000 after buying an additional 4,000 shares during the last quarter. Gamco Investors INC. ET AL raised its position in shares of FTD Companies by 6.5% in the first quarter. Gamco Investors INC. ET AL now owns 27,370 shares of the company’s stock worth $551,000 after buying an additional 1,661 shares during the last quarter. Finally, Comerica Bank raised its position in shares of FTD Companies by 3.4% in the first quarter. Comerica Bank now owns 18,970 shares of the company’s stock worth $386,000 after buying an additional 622 shares during the last quarter. Institutional investors and hedge funds own 59.58% of the company’s stock.
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Shares of FTD Companies (NASDAQ FTD) opened at 14.025 on Friday. FTD Companies has a 1-year low of $13.58 and a 1-year high of $26.19. The stock’s market cap is $385.00 million. The stock’s 50 day moving average is $19.31 and its 200-day moving average is $20.41.
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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