22,070 Shares in Frontdoor Inc. $FTDR Bought by Aurora Investment Counsel

Key Points

• Aurora Investment Counsel acquired 22,070 Frontdoor shares worth approximately $1.7 million in the second quarter, while several other major institutions—including BlackRock and Bank of New York Mellon—also established or increased positions.
• Analyst sentiment remains favorable, with four Buy ratings and two Holds producing a consensus “Moderate Buy” rating and an average price target of $92.00.
• Frontdoor exceeded quarterly expectations, reporting $1.93 in adjusted EPS versus $1.76 expected and $645 million in revenue, up 4.5% year over year; shares opened at $82.28, near the upper end of their 12-month range.

Aurora Investment Counsel purchased a new position in shares of Frontdoor Inc. (NASDAQ:FTDR - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 22,070 shares of the company's stock, valued at approximately $1,712,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in Frontdoor during the second quarter worth approximately $859,552,000. Boston Partners grew its stake in shares of Frontdoor by 8.5% in the fourth quarter. Boston Partners now owns 5,777,252 shares of the company's stock valued at $333,742,000 after buying an additional 454,040 shares in the last quarter. Bank of New York Mellon Corp purchased a new stake in Frontdoor during the second quarter worth about $33,812,000. Danske Bank A S purchased a new stake in Frontdoor during the 2nd quarter worth approximately $28,742,000. Finally, Marshall Wace LLP purchased a new stake in shares of Frontdoor during the third quarter worth $23,871,000.

Wall Street Analyst Weigh In

FTDR has been the topic of several analyst reports. Oppenheimer raised their target price on shares of Frontdoor from $70.00 to $100.00 and gave the company an "outperform" rating in a report on Friday, August 7th. The Goldman Sachs Group reissued a "neutral" rating on shares of Frontdoor in a report on Friday, August 7th. Benchmark increased their price target on shares of Frontdoor from $80.00 to $96.00 and gave the stock a "buy" rating in a research note on Friday, August 7th. Truist Financial lifted their target price on Frontdoor from $82.00 to $105.00 and gave the company a "buy" rating in a research note on Friday, August 7th. Finally, Weiss Ratings downgraded shares of Frontdoor from a "buy (b)" rating to a "buy (b-)" rating in a report on Thursday, May 21st. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $92.00.

Frontdoor Price Performance

NASDAQ:FTDR opened at $82.28 on Thursday. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 3.98. The firm has a market cap of $5.67 billion, a price-to-earnings ratio of 21.82 and a beta of 1.47. The company's 50-day moving average is $76.29 and its two-hundred day moving average is $66.16. Frontdoor Inc. has a 12-month low of $48.47 and a 12-month high of $93.43.

Frontdoor (NASDAQ:FTDR - Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The company reported $1.93 EPS for the quarter, beating the consensus estimate of $1.76 by $0.17. The company had revenue of $645.00 million during the quarter, compared to analysts' expectations of $643.40 million. Frontdoor had a return on equity of 120.90% and a net margin of 12.72%.The firm's revenue was up 4.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.63 EPS. Research analysts expect that Frontdoor Inc. will post 4.66 EPS for the current year.

Frontdoor Company Profile

Frontdoor, Inc NASDAQ: FTDR is a leading provider of home service plans and repair solutions for residential property owners. The company offers contract-based coverage that helps homeowners manage the cost of repairing and replacing essential household systems and appliances, including heating and cooling, plumbing, electrical wiring, water heaters, washers, dryers, refrigerators and other major kitchen equipment.

Frontdoor delivers its services through a nationwide network of independent service professionals and contractors, leveraging a cloud-based platform and call center infrastructure to coordinate service visits and process claims.

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