Campbell & CO Investment Adviser LLC Takes Position in Frontdoor Inc. $FTDR

Key Points

• Campbell & CO Investment Adviser LLC has acquired 47,231 shares of Frontdoor Inc. (NASDAQ:FTDR) valued at approximately $1.8 million, representing a 0.06% ownership stake.
• Frontdoor reported better-than-expected quarterly earnings with an EPS of $1.63, exceeding the consensus estimate of $1.44, alongside a revenue increase of 13.8% year-over-year to $617 million.
• Several research firms have revised their price targets on Frontdoor, with Oppenheimer raising theirs to $63.00 and Truist Financial to $71.00, reflecting a positive outlook for the stock.

Campbell & CO Investment Adviser LLC bought a new position in shares of Frontdoor Inc. (NASDAQ:FTDR - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 47,231 shares of the company's stock, valued at approximately $1,815,000. Campbell & CO Investment Adviser LLC owned 0.06% of Frontdoor as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in the company. Quantinno Capital Management LP increased its stake in shares of Frontdoor by 0.8% during the fourth quarter. Quantinno Capital Management LP now owns 24,212 shares of the company's stock worth $1,324,000 after buying an additional 183 shares during the period. Mariner LLC increased its stake in shares of Frontdoor by 4.0% during the fourth quarter. Mariner LLC now owns 7,311 shares of the company's stock worth $400,000 after buying an additional 284 shares during the period. Xponance Inc. increased its stake in shares of Frontdoor by 5.0% during the first quarter. Xponance Inc. now owns 5,971 shares of the company's stock worth $229,000 after buying an additional 285 shares during the period. GAMMA Investing LLC increased its stake in shares of Frontdoor by 16.5% during the first quarter. GAMMA Investing LLC now owns 2,447 shares of the company's stock worth $94,000 after buying an additional 347 shares during the period. Finally, DekaBank Deutsche Girozentrale increased its stake in shares of Frontdoor by 2.9% during the first quarter. DekaBank Deutsche Girozentrale now owns 13,172 shares of the company's stock worth $492,000 after buying an additional 368 shares during the period.

Insider Buying and Selling

In other Frontdoor news, SVP Jeffrey Fiarman sold 129,673 shares of the firm's stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $56.15, for a total value 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 approximately $1,945,372.90. This trade represents a 78.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.48% of the company's stock.

Frontdoor Price Performance

Frontdoor stock traded up $0.37 during midday trading on Friday, reaching $60.75. The company's stock had a trading volume of 774,757 shares, compared to its average volume of 740,721. Frontdoor Inc. has a fifty-two week low of $35.61 and a fifty-two week high of $64.91. The company has a debt-to-equity ratio of 4.56, a quick ratio of 1.49 and a current ratio of 1.49. The stock's 50 day simple moving average is $58.53 and its 200 day simple moving average is $51.44. The firm has a market capitalization of $4.43 billion, a PE ratio of 17.92 and a beta of 1.32.

Frontdoor (NASDAQ:FTDR - Get Free Report) last released 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. Frontdoor had a return on equity of 125.21% and a net margin of 13.07%.The company had revenue of $617.00 million during the quarter, compared to the consensus estimate of $602.62 million. During the same quarter last year, the company earned $1.27 earnings per share. Frontdoor'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, equities research analysts forecast that Frontdoor Inc. will post 3.07 earnings per share for the current year.

Wall Street Analyst Weigh In

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

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.