Freedom Investment Management Inc. Takes $232,000 Position in Frontdoor Inc. $FTDR

Key Points

• Freedom Investment Management Inc. purchased 6,041 shares of Frontdoor Inc. for about $232,000 in the first quarter, highlighting increasing interest from institutional investors in the company.
• Frontdoor's recent quarterly earnings showed $1.63 earnings per share, surpassing analyst estimates by $0.19, along with revenue growth of 13.8% year-over-year.
• Analyst ratings have been mixed, with two recommending a Buy, one a Hold, and another a Sell, indicating varied expectations for Frontdoor's stock performance moving forward.

Freedom Investment Management Inc. bought a new position in shares of Frontdoor Inc. (NASDAQ:FTDR - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 6,041 shares of the company's stock, valued at approximately $232,000.

Several other hedge funds have also made changes to their positions in FTDR. Principal Financial Group Inc. lifted its position in Frontdoor by 2.3% in the first quarter. Principal Financial Group Inc. now owns 408,982 shares of the company's stock valued at $15,713,000 after purchasing an additional 9,161 shares during the period. GAMMA Investing LLC lifted its position in Frontdoor by 16.5% in the first quarter. GAMMA Investing LLC now owns 2,447 shares of the company's stock valued at $94,000 after purchasing an additional 347 shares during the period. Oppenheimer Asset Management Inc. lifted its position in Frontdoor by 48.7% in the first quarter. Oppenheimer Asset Management Inc. now owns 24,317 shares of the company's stock valued at $934,000 after purchasing an additional 7,967 shares during the period. New York State Common Retirement Fund lifted its position in Frontdoor by 775.3% in the first quarter. New York State Common Retirement Fund now owns 212,552 shares of the company's stock valued at $8,166,000 after purchasing an additional 188,268 shares during the period. Finally, Envestnet Asset Management Inc. lifted its position in Frontdoor by 126.1% in the first quarter. Envestnet Asset Management Inc. now owns 138,646 shares of the company's stock valued at $5,327,000 after purchasing an additional 77,330 shares during the period.

Frontdoor Price Performance

Shares of FTDR stock traded up $0.37 during midday trading on Friday, reaching $60.75. 774,757 shares of the company traded hands, compared to its average volume of 720,552. The company has a debt-to-equity ratio of 4.56, a current ratio of 1.49 and a quick ratio of 1.49. Frontdoor Inc. has a 1-year low of $35.61 and a 1-year high of $64.91. The firm has a market cap of $4.43 billion, a PE ratio of 17.92 and a beta of 1.34. The firm's 50 day simple moving average is $58.58 and its two-hundred day simple moving average is $51.36.

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

Analysts Set New Price Targets

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

Insider Activity

In other news, SVP Jeffrey Fiarman sold 129,673 shares of the business's stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $56.15, for a total transaction of $7,281,138.95. Following the completion of the sale, the senior vice president directly owned 34,646 shares of the company's stock, valued at $1,945,372.90. The trade was a 78.92% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.48% of the stock is owned by corporate insiders.

About Frontdoor

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.