Amundi Buys 27,924 Shares of Frontdoor Inc. $FTDR

Key Points

• Amundi increased its stake in Frontdoor Inc. by 12.6% during the first quarter, acquiring an additional 27,924 shares, which now totals 249,905 shares worth approximately $9.37 million.
• Frontdoor reported earnings of $1.63 per share for its most recent quarter, exceeding estimates, and achieved a revenue of $617 million, a 13.8% increase year-over-year.
• Multiple brokerages have adjusted their price targets for Frontdoor, with JPMorgan raising their target from $50 to $55 and Truist Financial from $67 to $71, reflecting a generally positive outlook.

Amundi lifted its position in shares of Frontdoor Inc. (NASDAQ:FTDR - Free Report) by 12.6% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 249,905 shares of the company's stock after purchasing an additional 27,924 shares during the quarter. Amundi owned 0.34% of Frontdoor worth $9,371,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of FTDR. Nuveen LLC acquired a new position in shares of Frontdoor during the first quarter worth approximately $32,213,000. Fiera Capital Corp purchased a new stake in Frontdoor in the 1st quarter valued at $28,024,000. Fuller & Thaler Asset Management Inc. raised its position in Frontdoor by 33.1% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 2,752,723 shares of the company's stock valued at $105,760,000 after buying an additional 685,148 shares during the last quarter. Invesco Ltd. raised its position in Frontdoor by 46.9% in the 1st quarter. Invesco Ltd. now owns 1,223,776 shares of the company's stock valued at $47,017,000 after buying an additional 390,434 shares during the last quarter. Finally, Reinhart Partners LLC. raised its position in Frontdoor by 16.2% in the 1st quarter. Reinhart Partners LLC. now owns 2,368,684 shares of the company's stock valued at $91,005,000 after buying an additional 331,066 shares during the last quarter.

Frontdoor Stock Performance

Shares of Frontdoor stock traded down $0.94 during trading hours on Friday, hitting $66.30. 519,992 shares of the company's stock traded hands, compared to its average volume of 635,654. Frontdoor Inc. has a 12-month low of $35.61 and a 12-month high of $67.26. The stock has a market capitalization of $4.83 billion, a price-to-earnings ratio of 19.56 and a beta of 1.34. The company has a fifty day simple moving average of $59.57 and a 200-day simple moving average of $51.84. 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 (NASDAQ:FTDR - Get Free Report) last announced its earnings results on Tuesday, August 5th. The company reported $1.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.44 by $0.19. The firm had revenue of $617.00 million during the quarter, compared to analyst estimates 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 period last year, the firm posted $1.27 EPS. Frontdoor has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. Equities research analysts anticipate that Frontdoor Inc. will post 3.07 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at Frontdoor

In other news, SVP Jeffrey Fiarman sold 129,673 shares of the stock in a transaction on 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 completion of 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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.