26,200 Shares in Frontdoor Inc. $FTDR Purchased by Strs Ohio

Key Points

• Strs Ohio purchased 26,200 shares of Frontdoor Inc. valued at approximately $1,007,000 in the first quarter, indicating increasing interest from institutional investors.
• Several analysts have raised their target prices for Frontdoor, with Oppenheimer elevating it from $56 to $63, reflecting a positive outlook on the company's performance.
• Frontdoor reported $1.63 earnings per share for the recent quarter, exceeding expectations and showing a revenue increase of 13.8% compared to the same period last year.

Strs Ohio acquired a new position in Frontdoor Inc. (NASDAQ:FTDR - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 26,200 shares of the company's stock, valued at approximately $1,007,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Caitong International Asset Management Co. Ltd bought a new stake in Frontdoor in the first quarter worth $42,000. IFP Advisors Inc lifted its stake in shares of Frontdoor by 80,766.7% in the 1st quarter. IFP Advisors Inc now owns 2,426 shares of the company's stock valued at $93,000 after acquiring an additional 2,423 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Frontdoor by 16.5% during the 1st quarter. GAMMA Investing LLC now owns 2,447 shares of the company's stock valued at $94,000 after acquiring an additional 347 shares during the period. CWM LLC boosted its holdings in Frontdoor by 91.2% during the 1st quarter. CWM LLC now owns 2,574 shares of the company's stock valued at $99,000 after acquiring an additional 1,228 shares during the period. Finally, Blue Trust Inc. grew its position in Frontdoor by 70.3% during the 1st quarter. Blue Trust Inc. now owns 2,780 shares of the company's stock worth $107,000 after acquiring an additional 1,148 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on FTDR shares. The Goldman Sachs Group increased their price objective on Frontdoor from $44.00 to $50.00 and gave the company a "sell" rating in a research note on Wednesday, August 6th. Oppenheimer raised their price target on shares of Frontdoor from $56.00 to $63.00 and gave the stock an "outperform" rating in a report on Wednesday, August 6th. JPMorgan Chase & Co. raised their target price on Frontdoor from $50.00 to $55.00 and gave the stock a "neutral" rating in a research note on Tuesday, June 3rd. Zacks Research raised Frontdoor from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, August 27th. Finally, Truist Financial increased their price objective on Frontdoor from $67.00 to $71.00 and gave the stock a "buy" rating in a report on Wednesday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $59.75.

Insider Transactions at Frontdoor

In other news, SVP Jeffrey Fiarman sold 129,673 shares of the company's stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $56.15, for a total value of $7,281,138.95. Following the transaction, the senior vice president owned 34,646 shares in the company, valued at approximately $1,945,372.90. This represents a 78.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 1.48% of the company's stock.

Frontdoor Stock Up 1.7%

Shares of NASDAQ:FTDR traded up $1.16 during midday trading on Monday, reaching $68.04. The company's stock had a trading volume of 542,582 shares, compared to its average volume of 668,069. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 4.56. The firm has a 50 day moving average of $60.57 and a 200-day moving average of $52.88. The firm has a market capitalization of $4.96 billion, a P/E ratio of 20.07 and a beta of 1.34. Frontdoor Inc. has a 12-month low of $35.61 and a 12-month high of $68.18.

Frontdoor (NASDAQ:FTDR - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $1.63 earnings per share for the quarter, topping the consensus estimate of $1.44 by $0.19. Frontdoor had a return on equity of 125.21% and a net margin of 13.07%.The company had revenue of $617.00 million for the quarter, compared to the consensus estimate of $602.62 million. During the same quarter in the prior year, the business posted $1.27 EPS. The firm's quarterly revenue was up 13.8% compared to the same quarter last year. Frontdoor has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. On average, research analysts anticipate that Frontdoor Inc. will post 3.07 earnings per share for the current year.

Frontdoor Profile

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.