FTD Companies (FTD) Sees Unusually-High Trading Volume
Shares of FTD Companies Inc (NASDAQ:FTD) saw an uptick in trading volume on Tuesday . 7,528 shares changed hands during trading, a decline of 96% from the previous session’s volume of 198,835 shares.The stock last traded at $3.07 and had previously closed at $3.00.
Several brokerages recently commented on FTD. ValuEngine upgraded shares of FTD Companies from a “sell” rating to a “hold” rating in a report on Saturday, June 2nd. DA Davidson cut their price target on shares of FTD Companies to $3.50 and set a “neutral” rating on the stock in a report on Friday, July 20th. Finally, Zacks Investment Research downgraded shares of FTD Companies from a “hold” rating to a “sell” rating in a report on Wednesday, August 15th.
The firm has a market cap of $73.48 million, a P/E ratio of 6.82, a PEG ratio of 17.53 and a beta of 0.14.
Institutional investors have recently added to or reduced their stakes in the business. Spark Investment Management LLC purchased a new stake in FTD Companies in the 2nd quarter valued at about $129,000. Laurion Capital Management LP purchased a new stake in shares of FTD Companies in the 2nd quarter worth approximately $131,000. LMR Partners LLP purchased a new stake in shares of FTD Companies in the 2nd quarter worth approximately $138,000. A.R.T. Advisors LLC lifted its position in shares of FTD Companies by 86.1% in the 1st 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 period. Finally, Engineers Gate Manager LP purchased a new stake in shares of FTD Companies in the 1st quarter worth approximately $165,000. 55.02% of the stock is owned by institutional investors.
FTD Companies Company Profile (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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