Compass Ion Advisors LLC Makes New Investment in Frontdoor Inc. $FTDR

Key Points

• Compass Ion Advisors LLC has acquired 4,586 shares of Frontdoor Inc., valued at approximately $271,000, marking a new position for the firm.
• Frontdoor recently reported quarterly earnings of $1.63 EPS, surpassing expectations, with revenue up 13.8% compared to the previous year.
• Goldman Sachs raised its target price for Frontdoor from $44.00 to $50.00, while Truist Financial upgraded it to $71.00, indicating a varied analyst sentiment on the stock.

Compass Ion Advisors LLC bought a new stake in shares of Frontdoor Inc. (NASDAQ:FTDR - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 4,586 shares of the company's stock, valued at approximately $271,000.

A number of other large investors have also bought and sold shares of FTDR. Principal Financial Group Inc. lifted its holdings in Frontdoor by 2.3% in the first quarter. Principal Financial Group Inc. now owns 408,982 shares of the company's stock valued at $15,713,000 after acquiring an additional 9,161 shares during the last quarter. GAMMA Investing LLC increased its holdings in Frontdoor by 16.5% in the first quarter. GAMMA Investing LLC now owns 2,447 shares of the company's stock valued at $94,000 after buying an additional 347 shares in the last quarter. Oppenheimer Asset Management Inc. raised its position in shares of Frontdoor by 48.7% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 24,317 shares of the company's stock worth $934,000 after purchasing an additional 7,967 shares during the last quarter. New York State Common Retirement Fund grew its stake in shares of Frontdoor by 775.3% during the 1st quarter. New York State Common Retirement Fund now owns 212,552 shares of the company's stock valued at $8,166,000 after buying an additional 188,268 shares during the period. Finally, Envestnet Asset Management Inc. boosted its position in Frontdoor by 126.1% during the 1st quarter. Envestnet Asset Management Inc. now owns 138,646 shares of the company's stock worth $5,327,000 after purchasing an additional 77,330 shares during the period.

Insider Buying and Selling at Frontdoor

In related news, SVP Jeffrey Fiarman sold 129,673 shares of the company's stock in a transaction that occurred 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 sale, the senior vice president directly owned 34,646 shares in the company, valued at approximately $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 accessible through the SEC website. Insiders own 1.48% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. 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 report on Tuesday, June 3rd. Zacks Research raised shares of Frontdoor from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, August 27th. 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. Truist Financial boosted their target price on shares of Frontdoor from $67.00 to $71.00 and gave the stock a "buy" rating in a report on Wednesday, August 6th. Finally, Oppenheimer lifted their price target on Frontdoor from $56.00 to $63.00 and gave the stock an "outperform" rating in a report on Wednesday, August 6th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Frontdoor presently has an average rating of "Moderate Buy" and a consensus target price of $59.75.

Frontdoor Trading Down 0.3%

Shares of Frontdoor stock traded down $0.20 during trading on Friday, hitting $66.88. The stock had a trading volume of 1,714,767 shares, compared to its average volume of 668,069. The firm's fifty day simple moving average is $60.38 and its 200-day simple moving average is $52.68. The stock has a market cap of $4.87 billion, a PE ratio of 19.73 and a beta of 1.34. 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 Inc. has a 12 month low of $35.61 and a 12 month high of $67.55.

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

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.