FTD Companies (FTD) Sees Unusually-High Trading Volume
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.
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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