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. purchased a new position in shares of Frontdoor Inc. (NASDAQ:FTDR - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 6,041 shares of the company's stock, valued at approximately $232,000.

Several other institutional investors have also modified their holdings of the company. Campbell & CO Investment Adviser LLC bought a new position in shares of Frontdoor during the first quarter worth about $1,815,000. Capital Fund Management S.A. acquired a new stake in Frontdoor in the first quarter worth about $868,000. Hsbc Holdings PLC lifted its holdings in Frontdoor by 46.2% in the first quarter. Hsbc Holdings PLC now owns 38,008 shares of the company's stock worth $1,432,000 after purchasing an additional 12,015 shares during the period. Andina Capital Management LLC acquired a new stake in Frontdoor in the first quarter worth about $353,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in Frontdoor by 8.2% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 662,295 shares of the company's stock worth $25,445,000 after purchasing an additional 50,120 shares during the period.

Frontdoor Trading Down 2.0%

NASDAQ FTDR traded down $1.23 on Wednesday, hitting $60.69. 176,856 shares of the company were exchanged, compared to its average volume of 737,266. The company's 50 day moving average price is $58.66 and its 200-day moving average price is $51.44. The company has a debt-to-equity ratio of 4.56, a current ratio of 1.49 and a quick ratio of 1.49. The firm has a market capitalization of $4.42 billion, a P/E ratio of 17.93 and a beta of 1.34. Frontdoor Inc. has a twelve month low of $35.61 and a twelve month high of $64.91.

Frontdoor (NASDAQ:FTDR - Get Free Report) last posted 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 for 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 business's revenue for the quarter was up 13.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.27 EPS. Frontdoor has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. Analysts predict that Frontdoor Inc. will post 3.07 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

Insider Transactions at Frontdoor

In other Frontdoor news, SVP Jeffrey Fiarman sold 129,673 shares of the business's stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $56.15, for a total transaction of $7,281,138.95. Following the sale, the senior vice president owned 34,646 shares in the company, valued at approximately $1,945,372.90. The trade was a 78.92% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.48% of the company's stock.

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.