FTD Companies (FTD) Rating Lowered to Strong Sell at Zacks Investment Research

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FTD Companies (NASDAQ:FTD) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Wednesday.

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. “

A number of other equities research analysts have also recently weighed in on the company. ValuEngine cut FTD Companies from a “buy” rating to a “hold” rating in a research note on Friday, February 8th. DA Davidson reaffirmed a “neutral” rating on shares of FTD Companies in a research note on Friday, March 15th. Finally, Craig Hallum dropped their price objective on FTD Companies from $3.00 to $1.50 and set a “hold” rating for the company in a research note on Friday, March 15th.

Shares of NASDAQ:FTD remained flat at $$0.88 during midday trading on Wednesday. The company had a trading volume of 403,728 shares, compared to its average volume of 214,226. The firm has a market capitalization of $25.54 million, a PE ratio of -0.54, a PEG ratio of 0.73 and a beta of 1.59. FTD Companies has a 12-month low of $0.80 and a 12-month high of $6.71.

FTD Companies (NASDAQ:FTD) last posted its earnings results on Thursday, March 14th. The company reported ($2.44) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($2.32). The business had revenue of $247.53 million for the quarter, compared to analyst estimates of $255.60 million. FTD Companies had a negative return on equity of 33.91% and a negative net margin of 22.16%. Research analysts anticipate that FTD Companies will post 0.3 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently modified their holdings of FTD. Raging Capital Management LLC purchased a new position in FTD Companies in the fourth quarter valued at $1,747,000. FIL Ltd lifted its holdings in FTD Companies by 172.6% during the 3rd quarter. FIL Ltd now owns 1,105,489 shares of the company’s stock worth $2,907,000 after buying an additional 700,000 shares during the last quarter. Triad Investment Management purchased a new stake in FTD Companies during the 4th quarter worth about $529,000. Norges Bank purchased a new stake in FTD Companies during the 4th quarter worth about $402,000. Finally, JPMorgan Chase & Co. lifted its holdings in FTD Companies by 1,096.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 150,169 shares of the company’s stock worth $395,000 after buying an additional 137,616 shares during the last quarter. 44.97% of the stock is owned by institutional investors and hedge funds.

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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