Brokerages Set FTD Companies Inc (FTD) Target Price at $9.00

FTD Companies Inc (NASDAQ:FTD) has been given a consensus rating of “Hold” by the six ratings firms that are currently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation and three have assigned a hold recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $9.00.

Separately, ValuEngine downgraded shares of FTD Companies from a “buy” rating to a “hold” rating in a report on Tuesday, March 13th.

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NASDAQ:FTD opened at $3.64 on Wednesday. FTD Companies has a one year low of $3.63 and a one year high of $20.73. The firm has a market capitalization of $100.27, a price-to-earnings ratio of 4.28, a P/E/G ratio of 1.06 and a beta of 0.08. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.51 and a current ratio of 0.76.

Several hedge funds have recently added to or reduced their stakes in the stock. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp acquired a new position in shares of FTD Companies in the fourth quarter valued at about $215,000. Millennium Management LLC acquired a new position in shares of FTD Companies in the fourth quarter valued at about $1,817,000. Cornerstone Capital Management Holdings LLC. grew its stake in shares of FTD Companies by 62.3% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 148,700 shares of the company’s stock valued at $1,068,000 after acquiring an additional 57,100 shares in the last quarter. Two Sigma Investments LP grew its stake in FTD Companies by 188.6% during the fourth quarter. Two Sigma Investments LP now owns 255,349 shares of the company’s stock worth $1,836,000 after buying an additional 166,861 shares in the last quarter. Finally, Two Sigma Advisers LP grew its stake in FTD Companies by 796.6% during the fourth quarter. Two Sigma Advisers LP now owns 168,900 shares of the company’s stock worth $1,214,000 after buying an additional 150,062 shares in the last quarter. Institutional investors and hedge funds own 59.53% of the company’s stock.

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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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