Craig-Hallum Downgrades FTD Companies Inc to Hold

Brokerage firm Craig-Hallum Downgrades its rating on FTD Companies Inc(NASDAQ:FTD). The shares have been rated Hold. Previously, the analysts had a Buy rating on the shares. The rating by Craig-Hallum was issued on Jul 14, 2016.

FTD Companies Inc (FTD) made into the market gainers list on Mondays trading session with the shares advancing 0.08% or 0.02 points. Due to strong positive momentum, the stock ended at $26.04, which is also near the day’s high of $26.2. The stock began the session at $26.05 and the volume stood at 2,62,291 shares. The 52-week high of the shares is $31.99 and the 52 week low is $21.7853. The company has a current market capitalization of $722 M and it has 2,77,14,097 shares in outstanding.

FTD Companies Inc(FTD) last announced its earnings results on May 5, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $330.60M. Analysts had an estimated revenue of $329.93M. Earnings per share were $0.53. Analysts had estimated an EPS of $0.53.

Several Insider Transactions has been reported to the SEC. On Nov 12, 2015, Robert S Apatoff (CEO) purchased 3,100 shares at $23.91 per share price.Also, On Nov 10, 2015, Michael J. Silverstein (director) purchased 1,000 shares at $25.19 per share price.On Oct 19, 2015, James T Armstrong (director) sold 333 shares at $28.76 per share price, according to the Form-4 filing with the securities and exchange commission.

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 markets floral and gift products for consumers primarily in the United States and Canada. Through its Florist segment the Company offers 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. The Company’s International segment consists of Interflora Business Unit (Interflora) which operates primarily in the United Kingdom and the Republic of Ireland. Through its Provide Commerce segment FTD markets floral and gift products including gourmet foods personalized gifts and other gifting products for consumers primarily in the United States. The Company operates primarily in the United States Canada the United Kingdom and the Republic of Ireland.

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