FTD Companies (FTD) Sees Unusually-High Trading Volume

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FTD Companies Inc (NASDAQ:FTD) shares saw unusually-strong trading volume on Thursday . Approximately 1,241,969 shares changed hands during trading, an increase of 296% from the previous session’s volume of 313,602 shares.The stock last traded at $2.93 and had previously closed at $1.99.

Several equities analysts have recently issued reports on FTD shares. Zacks Investment Research downgraded FTD Companies from a “hold” rating to a “sell” rating in a research report on Wednesday, October 3rd. ValuEngine downgraded FTD Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, September 4th. Finally, DA Davidson reduced their price objective on FTD Companies to $3.50 and set a “neutral” rating for the company in a research report on Friday, July 20th.

The stock has a market capitalization of $55.60 million, a PE ratio of 6.20, a P/E/G ratio of 13.27 and a beta of 0.48.

FTD Companies (NASDAQ:FTD) last released its earnings results on Wednesday, August 8th. The company reported ($0.31) earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.49). The firm had revenue of $299.92 million during the quarter, compared to analyst estimates of $299.40 million. FTD Companies had a negative return on equity of 14.13% and a negative net margin of 29.61%. Equities research analysts anticipate that FTD Companies Inc will post 0.03 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP lifted its position in FTD Companies by 5.1% in the second quarter. Dimensional Fund Advisors LP now owns 2,321,454 shares of the company’s stock worth $10,772,000 after purchasing an additional 112,061 shares during the period. BlackRock Inc. lifted its position in FTD Companies by 1.3% in the first quarter. BlackRock Inc. now owns 2,319,391 shares of the company’s stock worth $8,443,000 after purchasing an additional 30,501 shares during the period. Nantahala Capital Management LLC lifted its position in FTD Companies by 2.2% in the second quarter. Nantahala Capital Management LLC now owns 2,198,663 shares of the company’s stock worth $10,202,000 after purchasing an additional 46,383 shares during the period. FIL Ltd lifted its position in FTD Companies by 172.6% in the third quarter. FIL Ltd now owns 1,105,489 shares of the company’s stock worth $2,907,000 after purchasing an additional 700,000 shares during the period. Finally, Millennium Management LLC acquired a new stake in FTD Companies in the second quarter worth approximately $1,492,000. Hedge funds and other institutional investors own 53.55% of the company’s stock.

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About FTD Companies (NASDAQ:FTD)

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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