AlphaQuest LLC Reduces Stake in Frontdoor Inc. $FTDR

Key Points

• AlphaQuest LLC significantly reduced its stake in Frontdoor Inc. by 54.4% in the 1st quarter, leaving it with 6,469 shares valued at approximately $249,000.
• Insider trading revealed that SVP Jeffrey Fiarman sold 129,673 shares for over $7.2 million, resulting in a significant decrease in their ownership.
• Frontdoor's stock saw mixed analyst ratings, with target prices being raised by institutions including Oppenheimer and Truist, indicating a consensus rating of "Moderate Buy".

AlphaQuest LLC lowered its position in Frontdoor Inc. (NASDAQ:FTDR - Free Report) by 54.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,469 shares of the company's stock after selling 7,720 shares during the period. AlphaQuest LLC's holdings in Frontdoor were worth $249,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of FTDR. Quantinno Capital Management LP boosted its holdings in shares of Frontdoor by 0.8% in the 4th quarter. Quantinno Capital Management LP now owns 24,212 shares of the company's stock valued at $1,324,000 after acquiring an additional 183 shares during the last quarter. Mariner LLC boosted its holdings in Frontdoor by 4.0% in the fourth quarter. Mariner LLC now owns 7,311 shares of the company's stock valued at $400,000 after purchasing an additional 284 shares during the last quarter. Xponance Inc. grew its position in Frontdoor by 5.0% during the 1st quarter. Xponance Inc. now owns 5,971 shares of the company's stock worth $229,000 after purchasing an additional 285 shares during the period. GAMMA Investing LLC grew its position in Frontdoor by 16.5% during the 1st quarter. GAMMA Investing LLC now owns 2,447 shares of the company's stock worth $94,000 after purchasing an additional 347 shares during the period. Finally, DekaBank Deutsche Girozentrale raised its stake in shares of Frontdoor by 2.9% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 13,172 shares of the company's stock valued at $492,000 after buying an additional 368 shares during the last quarter.

Frontdoor Price Performance

Shares of FTDR traded up $1.14 during mid-day trading on Thursday, hitting $63.29. 730,159 shares of the company were exchanged, compared to its average volume of 629,622. The company has a debt-to-equity ratio of 4.56, a quick ratio of 1.49 and a current ratio of 1.49. Frontdoor Inc. has a 1-year low of $35.61 and a 1-year high of $64.91. The stock has a market cap of $4.61 billion, a price-to-earnings ratio of 18.67 and a beta of 1.34. The company has a 50 day moving average of $58.85 and a 200-day moving average of $51.54.

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

Insider Activity

In other news, SVP Jeffrey Fiarman sold 129,673 shares of the company'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 owned 34,646 shares of the company's stock, valued at $1,945,372.90. This represents a 78.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.48% of the stock is owned by insiders.

Analyst Ratings Changes

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

Frontdoor Company 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.