FTD Companies (FTD) Sees Strong Trading Volume

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.

FTD Companies (NASDAQ:FTD) last issued its earnings results on Wednesday, August 8th. The company reported ($0.31) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.49). FTD Companies had a negative return on equity of 9.48% and a negative net margin of 33.52%. The firm had revenue of $299.92 million during the quarter, compared to the consensus estimate of $299.40 million. As a group, sell-side analysts expect that FTD Companies Inc will post 0.03 earnings per share for the current year.

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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