Counterpoint Mutual Funds LLC Purchases New Stake in Frontdoor Inc. $FTDR

Key Points

• Counterpoint Mutual Funds LLC has acquired a new stake in Frontdoor Inc., purchasing 6,856 shares valued at approximately $404,000 during the second quarter.
• Frontdoor's stock is currently priced at $67.77, with a 52-week high of $68.86 and a low of $35.61, demonstrating notable volatility.
• The company reported earnings of $1.63 per share, exceeding analyst expectations, and indicated a year-over-year revenue increase of 13.8%.

Counterpoint Mutual Funds LLC acquired a new position in shares of Frontdoor Inc. (NASDAQ:FTDR - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 6,856 shares of the company's stock, valued at approximately $404,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Frontdoor in the first quarter valued at about $42,000. IFP Advisors Inc increased its holdings in shares of 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 buying an additional 2,423 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Frontdoor by 16.5% during the 1st quarter. GAMMA Investing LLC now owns 2,447 shares of the company's stock valued at $94,000 after buying an additional 347 shares during the period. CWM LLC lifted its holdings in Frontdoor by 91.2% in the first quarter. CWM LLC now owns 2,574 shares of the company's stock valued at $99,000 after acquiring an additional 1,228 shares during the last quarter. Finally, Blue Trust Inc. grew its position in Frontdoor by 70.3% in 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 period.

Frontdoor Stock Down 0.4%

FTDR opened at $67.77 on Wednesday. Frontdoor Inc. has a 52 week low of $35.61 and a 52 week high of $68.86. The business has a 50 day moving average price of $60.78 and a two-hundred day moving average price of $52.99. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 4.56. The company has a market cap of $4.94 billion, a PE ratio of 19.99 and a beta of 1.34.

Frontdoor (NASDAQ:FTDR - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The company reported $1.63 earnings per share for the quarter, topping the consensus estimate of $1.44 by $0.19. Frontdoor had a return on equity of 125.21% and a net margin of 13.07%.The firm had revenue of $617.00 million during the quarter, compared to the consensus estimate of $602.62 million. During the same period last year, the company earned $1.27 earnings per share. The company'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, research analysts anticipate that Frontdoor Inc. will post 3.07 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Truist Financial upped their price target on 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 target price on shares of Frontdoor from $44.00 to $50.00 and gave the stock a "sell" rating in a research note on Wednesday, August 6th. JPMorgan Chase & Co. boosted 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. Oppenheimer boosted their target price on Frontdoor from $56.00 to $63.00 and gave the company an "outperform" rating in a research report on Wednesday, August 6th. Finally, Zacks Research upgraded Frontdoor from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, August 27th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $59.75.

Insiders Place Their Bets

In other Frontdoor 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 value 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.48% of the stock is owned by corporate insiders.

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.

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