Shares of FTD Companies Inc (NASDAQ:FTD) saw an uptick in trading volume on Thursday . 1,241,969 shares were traded 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.
A number of brokerages have commented on FTD. DA Davidson reduced their price target on shares of FTD Companies to $3.50 and set a “neutral” rating on the stock in a research report on Friday, July 20th. Zacks Investment Research cut shares of FTD Companies from a “hold” rating to a “sell” rating in a research report on Wednesday, August 15th. Finally, ValuEngine cut shares of FTD Companies from a “buy” rating to a “hold” rating in a report on Tuesday, September 4th.
The firm has a market capitalization of $59.23 million, a PE ratio of 6.51, a P/E/G ratio of 14.13 and a beta of 0.48.
Several institutional investors have recently modified their holdings of FTD. Spark Investment Management LLC bought a new position in shares of FTD Companies in the second quarter worth approximately $129,000. Laurion Capital Management LP bought a new position in shares of FTD Companies in the second quarter worth approximately $131,000. LMR Partners LLP bought a new position in shares of FTD Companies in the second quarter worth approximately $138,000. A.R.T. Advisors LLC grew its holdings in shares of FTD Companies by 86.1% in the first quarter. A.R.T. Advisors LLC now owns 44,078 shares of the company’s stock worth $160,000 after purchasing an additional 20,390 shares during the last quarter. Finally, Jane Street Group LLC bought a new position in shares of FTD Companies in the second quarter worth approximately $236,000. 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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