FTD Companies Inc (NASDAQ:FTD) shares saw an uptick in trading volume on Thursday . 1,241,969 shares changed hands during mid-day 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.

Several brokerages have recently commented on FTD. DA Davidson dropped their target price on shares of FTD Companies to $3.50 and set a “neutral” rating for the company 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, October 3rd. Finally, ValuEngine cut shares of FTD Companies from a “buy” rating to a “hold” rating in a research report on Wednesday, July 25th.

The stock has a market capitalization of $55.60 million, a PE ratio of 6.20, a P/E/G ratio of 13.27 and a beta of 0.48.

FTD Companies (NASDAQ:FTD) last released its quarterly earnings data on Wednesday, August 8th. The company reported ($0.31) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.18 by ($0.49). The company had revenue of $299.92 million for the quarter, compared to analyst estimates of $299.40 million. FTD Companies had a negative return on equity of 14.13% and a negative net margin of 29.61%. On average, research analysts predict that FTD Companies Inc will post 0.03 earnings per share for the current fiscal year.

Hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. increased its holdings in FTD Companies by 1.3% in the first quarter. BlackRock Inc. now owns 2,319,391 shares of the company’s stock valued at $8,443,000 after buying an additional 30,501 shares during the last quarter. California Public Employees Retirement System boosted its stake in FTD Companies by 13.1% in the first quarter. California Public Employees Retirement System now owns 123,201 shares of the company’s stock valued at $448,000 after acquiring an additional 14,235 shares during the period. Dimensional Fund Advisors LP boosted its stake in FTD Companies by 3.3% in the first quarter. Dimensional Fund Advisors LP now owns 2,209,393 shares of the company’s stock valued at $8,042,000 after acquiring an additional 70,766 shares during the period. Acadian Asset Management LLC acquired a new position in FTD Companies in the second quarter valued at approximately $248,000. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its stake in FTD Companies by 65.6% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 170,900 shares of the company’s stock valued at $793,000 after acquiring an additional 67,700 shares during the period. Institutional investors and hedge funds 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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