Today, FTD Companies’ (FTD) Neutral Rating Reiterate at B. Riley

Today, FTD Companies’ (FTD) Neutral Rating Reiterate at B. Riley

FTD Companies Inc. (NASDAQ:FTD)‘s stock had its “neutral” rating reissued by investment analysts at B. Riley in a research report issued on Tuesday. They currently have a $21.00 price objective on the stock. B. Riley’s price target would indicate a potential downside of 6.91% from the stock’s previous close.

A number of other equities analysts have also recently issued reports on FTD. Craig Hallum cut FTD Companies from a “buy” rating to a “hold” rating in a report on Thursday, July 14th. Monness Crespi & Hardt cut FTD Companies from a “buy” rating to a “neutral” rating in a report on Friday, August 5th. Finally, Zacks Investment Research downgraded FTD Companies from a “hold” rating to a “sell” rating in a report on Tuesday, August 9th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. FTD Companies has an average rating of “Hold” and an average target price of $25.00.

FTD Companies (NASDAQ:FTD) traded up 0.76% during midday trading on Tuesday, hitting $22.56. The stock had a trading volume of 44,758 shares. The company’s 50-day moving average price is $20.66 and its 200 day moving average price is $23.65. FTD Companies has a 12-month low of $16.86 and a 12-month high of $28.70. The stock’s market cap is $614.11 million.

FTD Companies (NASDAQ:FTD) last issued its earnings results on Monday, November 7th. The company reported ($0.36) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.06 by $0.42. The company earned $173.20 million during the quarter, compared to analyst estimates of $178.90 million. FTD Companies had a positive return on equity of 8.84% and a negative net margin of 6.84%. The business’s revenue was down 8.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.57) earnings per share. On average, equities research analysts predict that FTD Companies will post $2.07 earnings per share for the current fiscal year.

Hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its stake in shares of FTD Companies by 7.9% in the third quarter. BlackRock Inc. now owns 4,925 shares of the company’s stock worth $101,000 after buying an additional 359 shares in the last quarter. Advisory Services Network LLC boosted its stake in shares of FTD Companies by 130.0% in the second quarter. Advisory Services Network LLC now owns 4,600 shares of the company’s stock worth $115,000 after buying an additional 2,600 shares in the last quarter. Barclays PLC boosted its stake in shares of FTD Companies by 26,068.4% in the first quarter. Barclays PLC now owns 4,972 shares of the company’s stock worth $129,000 after buying an additional 4,953 shares in the last quarter. BNP Paribas Arbitrage SA boosted 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 in the last quarter. Finally, Wells Fargo & Company MN boosted its stake in shares of FTD Companies by 41.0% in the third quarter. Wells Fargo & Company MN now owns 8,474 shares of the company’s stock worth $174,000 after buying an additional 2,463 shares in the last quarter. 68.50% of the stock is owned by hedge funds and other institutional investors.

FTD Companies Company Profile

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