Friedenthal Financial Invests $764,000 in Frontdoor, Inc. (NASDAQ:FTDR)

by · The Cerbat Gem

Friedenthal Financial acquired a new stake in Frontdoor, Inc. (NASDAQ:FTDR – Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 15,915 shares of the company’s stock, valued at approximately $764,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Millennium Management LLC raised its holdings in shares of Frontdoor by 440.4% during the second quarter. Millennium Management LLC now owns 908,904 shares of the company’s stock valued at $30,712,000 after buying an additional 740,711 shares during the last quarter. Swedbank AB raised its stake in Frontdoor by 112.7% during the 2nd quarter. Swedbank AB now owns 1,210,600 shares of the company’s stock valued at $40,906,000 after acquiring an additional 641,476 shares in the last quarter. Boston Partners boosted its position in Frontdoor by 8.9% during the 1st quarter. Boston Partners now owns 6,198,543 shares of the company’s stock worth $201,662,000 after acquiring an additional 506,217 shares during the period. Invenomic Capital Management LP grew its stake in shares of Frontdoor by 57.3% in the first quarter. Invenomic Capital Management LP now owns 1,072,445 shares of the company’s stock worth $34,940,000 after purchasing an additional 390,610 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of Frontdoor by 3.8% in the first quarter. Vanguard Group Inc. now owns 10,179,139 shares of the company’s stock worth $331,636,000 after purchasing an additional 373,091 shares in the last quarter.

Frontdoor Stock Performance

NASDAQ:FTDR opened at $52.53 on Friday. The company has a 50-day moving average of $47.99 and a 200-day moving average of $39.52. The firm has a market cap of $4.09 billion, a price-to-earnings ratio of 23.04 and a beta of 1.04. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 2.66. Frontdoor, Inc. has a twelve month low of $28.25 and a twelve month high of $53.10.

Frontdoor (NASDAQ:FTDR – Get Free Report) last issued its earnings results on Thursday, August 1st. The company reported $1.27 earnings per share for the quarter, topping analysts’ consensus estimates of $1.00 by $0.27. The firm had revenue of $542.00 million during the quarter, compared to analysts’ expectations of $536.74 million. Frontdoor had a net margin of 11.38% and a return on equity of 132.94%. The firm’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same period last year, the firm posted $0.87 earnings per share. Analysts forecast that Frontdoor, Inc. will post 2.79 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Truist Financial upped their price objective on shares of Frontdoor from $45.00 to $56.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. The Goldman Sachs Group increased their price objective on shares of Frontdoor from $33.00 to $41.00 and gave the company a “sell” rating in a report on Friday, August 2nd. William Blair raised Frontdoor from a “market perform” rating to an “outperform” rating in a report on Friday, August 2nd. Finally, JPMorgan Chase & Co. upped their target price on Frontdoor from $45.00 to $55.00 and gave the stock an “overweight” rating in a research report on Monday, August 12th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $47.75.

Check Out Our Latest Analysis on FTDR

Frontdoor Company Profile

(Free Report)

Frontdoor, Inc provides home warranties in the United States in the United States. Its customizable home warranties help customers protect and maintain their homes from costly and unplanned breakdowns of essential home systems and appliances. The company’s home warranty customers subscribe to an annual service plan agreement that covers the repair or replacement of principal components of approximately 20 home systems and appliances, including electrical, plumbing, water heaters, refrigerators, dishwashers, and ranges/ovens/cooktops, as well as electronics, pools, and spas and pumps; and heating, ventilation, and air conditioning systems.

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