Caxton Associates LLP Purchases Shares of 54,077 Frontdoor Inc. $FTDR

Key Points

• Caxton Associates LLP acquired 54,077 shares of Frontdoor Inc., valued at approximately $2,078,000, during the 1st quarter, representing about 0.07% ownership in the company.
• Frontdoor reported a 13.8% increase in year-over-year revenue for the quarter, achieving $1.63 EPS, exceeding analyst estimates.
• Various analysts have raised their price targets for Frontdoor, with Goldman Sachs increasing theirs from $44.00 to $50.00 and Oppenheimer from $56.00 to $63.00, indicating mixed sentiment around the stock.

Caxton Associates LLP bought a new position in Frontdoor Inc. (NASDAQ:FTDR - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 54,077 shares of the company's stock, valued at approximately $2,078,000. Caxton Associates LLP owned about 0.07% of Frontdoor as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Caitong International Asset Management Co. Ltd bought a new stake in shares of Frontdoor in the 1st quarter worth about $42,000. IFP Advisors Inc grew its holdings in Frontdoor by 80,766.7% during the 1st quarter. IFP Advisors Inc now owns 2,426 shares of the company's stock worth $93,000 after acquiring an additional 2,423 shares during the last quarter. GAMMA Investing LLC grew its holdings 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 acquiring an additional 347 shares during the last quarter. CWM LLC grew its holdings in Frontdoor by 91.2% during the 1st quarter. CWM LLC now owns 2,574 shares of the company's stock worth $99,000 after acquiring an additional 1,228 shares during the last quarter. Finally, Blue Trust Inc. grew its holdings in Frontdoor by 70.3% during the 1st 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.

Insider Buying and Selling at Frontdoor

In related news, SVP Jeffrey Fiarman sold 129,673 shares of the stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $56.15, for a total value of $7,281,138.95. Following the sale, the senior vice president directly owned 34,646 shares in the company, valued at $1,945,372.90. This trade represents a 78.92% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.48% of the stock is owned by corporate insiders.

Frontdoor Stock Up 3.5%

Shares of NASDAQ FTDR opened at $65.27 on Tuesday. The firm has a market capitalization of $4.75 billion, a PE ratio of 19.25 and a beta of 1.34. The firm's 50-day moving average is $59.07 and its 200-day moving average is $51.53. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 4.56. Frontdoor Inc. has a 1 year low of $35.61 and a 1 year high of $65.38.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. The Goldman Sachs Group increased 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 increased 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. Zacks Research raised shares of Frontdoor from a "hold" rating to a "strong-buy" rating in a report on Wednesday, August 27th. JPMorgan Chase & Co. raised their target price 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. Finally, Truist Financial raised their target price 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. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, Frontdoor has a consensus 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.

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