30,692 Shares in Frontdoor Inc. (NASDAQ:FTDR) Purchased by Cavalier Investments LLC

Cavalier Investments LLC 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 and Exchange Commission (SEC). The institutional investor purchased 30,692 shares of the company's stock, valued at approximately $1,179,000.

Several other institutional investors also recently bought and sold shares of FTDR. Oppenheimer & Co. Inc. purchased a new position in shares of Frontdoor during the fourth quarter valued at approximately $467,000. Atria Investments Inc boosted its position in shares of Frontdoor by 4.9% in the fourth quarter. Atria Investments Inc now owns 6,894 shares of the company's stock worth $377,000 after buying an additional 325 shares during the period. Oppenheimer Asset Management Inc. grew 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 acquiring an additional 7,967 shares in the last quarter. ExodusPoint Capital Management LP purchased a new position in Frontdoor in the 4th quarter valued at about $8,144,000. Finally, Blue Trust Inc. increased its position in shares of Frontdoor by 70.3% during the first quarter. Blue Trust Inc. now owns 2,780 shares of the company's stock worth $107,000 after acquiring an additional 1,148 shares during the last quarter.

Analysts Set New Price Targets

Several brokerages have weighed in on FTDR. JPMorgan Chase & Co. raised 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. The Goldman Sachs Group cut their target price on Frontdoor from $46.00 to $40.00 and set a "sell" rating on the stock in a research note on Monday, March 3rd.

Frontdoor Price Performance

Shares of FTDR stock traded up $0.35 during midday trading on Monday, reaching $58.94. 489,223 shares of the company were exchanged, compared to its average volume of 723,929. The company's 50 day moving average price is $53.09 and its two-hundred day moving average price is $51.03. The company has a debt-to-equity ratio of 5.88, a quick ratio of 1.34 and a current ratio of 1.34. The company has a market cap of $4.34 billion, a P/E ratio of 19.07 and a beta of 1.27. Frontdoor Inc. has a 12 month low of $32.95 and a 12 month high of $63.49.

Frontdoor (NASDAQ:FTDR - Get Free Report) last announced its earnings results on Thursday, May 1st. The company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.27. Frontdoor had a return on equity of 121.05% and a net margin of 12.59%. The business had revenue of $426.00 million during the quarter, compared to analysts' expectations of $416.37 million. During the same quarter last year, the business posted $0.44 earnings per share. The company's quarterly revenue was up 12.7% on a year-over-year basis. On average, sell-side analysts expect that Frontdoor Inc. will post 3.07 earnings per share for the current year.

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.