FTD Companies, Inc. (NASDAQ:FTD) hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $13.14 and last traded at $13.14, with a volume of 93,625 shares traded. The stock had previously closed at $13.68.

Several equities research analysts have recently issued reports on the stock. BidaskClub downgraded shares of FTD Companies from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. DA Davidson assumed coverage on shares of FTD Companies in a research report on Wednesday, June 14th. They set a “buy” rating and a $23.00 price objective for the company. Finally, ValuEngine downgraded shares of FTD Companies from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $20.67.

The company has a 50-day moving average of $19.00 and a 200 day moving average of $20.25. The firm’s market capitalization is $361.10 million.

Hedge funds have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company raised its stake in FTD Companies by 1.7% in the second quarter. The Manufacturers Life Insurance Company now owns 13,509 shares of the company’s stock valued at $270,000 after buying an additional 223 shares in the last quarter. Gotham Asset Management LLC bought a new stake in FTD Companies during the second quarter valued at $254,000. Cornerstone Capital Management Holdings LLC. bought a new stake in FTD Companies during the second quarter valued at $1,178,000. Voya Investment Management LLC raised its stake in FTD Companies by 14.5% in the second quarter. Voya Investment Management LLC now owns 11,591 shares of the company’s stock valued at $232,000 after buying an additional 1,465 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in FTD Companies by 0.3% in the second quarter. Dimensional Fund Advisors LP now owns 2,299,788 shares of the company’s stock valued at $45,996,000 after buying an additional 6,574 shares in the last quarter. Institutional investors own 59.16% of the company’s stock.

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FTD Companies Company Profile

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, the Company is a provider of products and services to its floral network members, which include traditional retail florists and other non-florist retail locations, primarily in the United States and Canada.

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