Advisory Services Network LLC raised its position in FTD Companies Inc. (NASDAQ:FTD) by 130.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,600 shares of the company’s stock after buying an additional 2,600 shares during the period. Advisory Services Network LLC’s holdings in FTD Companies were worth $115,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of the company. Goldman Sachs Group Inc. increased its stake in shares of FTD Companies by 173.8% in the first quarter. Goldman Sachs Group Inc. now owns 46,852 shares of the company’s stock worth $1,230,000 after buying an additional 29,739 shares during the last quarter. BlackRock Fund Advisors increased its stake in shares of FTD Companies by 0.5% in the first quarter. BlackRock Fund Advisors now owns 1,188,858 shares of the company’s stock worth $31,208,000 after buying an additional 6,403 shares during the last quarter. Finally, BNP Paribas Arbitrage SA increased its stake in shares of FTD Companies by 124.3% in the second quarter. BNP Paribas Arbitrage SA now owns 5,482 shares of the company’s stock worth $137,000 after buying an additional 3,038 shares during the last quarter. Hedge funds and other institutional investors own 62.50% of the company’s stock.
FTD Companies Inc. (NASDAQ:FTD) traded up 0.19% on Wednesday, hitting $20.64. 40,981 shares of the company’s stock traded hands. FTD Companies Inc. has a 12 month low of $16.86 and a 12 month high of $30.27. The stock has a 50 day moving average price of $21.94 and a 200-day moving average price of $25.01. The stock’s market cap is $564.94 million.
FTD Companies (NASDAQ:FTD) last released its quarterly earnings results on Thursday, August 4th. The company reported $0.43 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.88 by $0.45. The firm had revenue of $338.57 million for the quarter, compared to the consensus estimate of $351.50 million. FTD Companies had a negative net margin of 7.31% and a positive return on equity of 7.74%. The company’s revenue for the quarter was down 7.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.61 earnings per share. Equities analysts predict that FTD Companies Inc. will post $2.04 earnings per share for the current fiscal year.
A number of equities research analysts recently weighed in on FTD shares. B. Riley reaffirmed a “buy” rating and issued a $30.00 target price on shares of FTD Companies in a research note on Tuesday, August 9th. Monness Crespi & Hardt downgraded shares of FTD Companies from a “buy” rating to a “neutral” rating in a research note on Friday, August 5th. Zacks Investment Research raised shares of FTD Companies from a “sell” rating to a “hold” rating in a research note on Thursday, August 25th. Finally, Craig Hallum downgraded shares of FTD Companies from a “buy” rating to a “hold” rating in a research note on Thursday, July 14th. Five equities research analysts have rated the stock with a hold rating, FTD Companies presently has a consensus rating of “Hold” and a consensus target price of $27.33.
About FTD Companies
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, it is a provider of products and services to its floral network members, which include traditional retail florists and other non-florist retail locations.