Envestnet Portfolio Solutions Inc. Takes Position in Frontdoor Inc. $FTDR

Key Points

• Envestnet Portfolio Solutions Inc. acquired 14,136 shares of Frontdoor Inc. valued at approximately $833,000 in Q2 2023, indicating growing interest from institutional investors.
• Frontdoor's stock price increased by 1.8% recently, with a current market cap of $4.80 billion and a 52-week trading range between $35.61 and $69.36.
• The company reported $1.63 earnings per share for the last quarter, exceeding analyst expectations, while maintaining a net margin of 13.07% and forecasting 3.07 EPS for the current year.

Envestnet Portfolio Solutions Inc. bought a new position in Frontdoor Inc. (NASDAQ:FTDR - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 14,136 shares of the company's stock, valued at approximately $833,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd acquired a new position in Frontdoor in the 1st quarter worth $42,000. IFP Advisors Inc boosted its stake in Frontdoor by 80,766.7% in the 1st quarter. IFP Advisors Inc now owns 2,426 shares of the company's stock worth $93,000 after purchasing an additional 2,423 shares during the period. GAMMA Investing LLC boosted its stake in Frontdoor by 16.5% in the 1st quarter. GAMMA Investing LLC now owns 2,447 shares of the company's stock worth $94,000 after purchasing an additional 347 shares during the period. CWM LLC boosted its stake in Frontdoor by 91.2% in the 1st quarter. CWM LLC now owns 2,574 shares of the company's stock worth $99,000 after purchasing an additional 1,228 shares during the period. Finally, Blue Trust Inc. boosted its stake in Frontdoor by 70.3% in the 1st quarter. Blue Trust Inc. now owns 2,780 shares of the company's stock worth $107,000 after purchasing an additional 1,148 shares during the period.

Frontdoor Stock Up 1.8%

Shares of FTDR stock opened at $65.90 on Monday. 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 firm's 50-day moving average is $63.85 and its 200-day moving average is $56.64. The stock has a market cap of $4.80 billion, a price-to-earnings ratio of 19.44 and a beta of 1.33. Frontdoor Inc. has a 52-week low of $35.61 and a 52-week high of $69.36.

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Zacks Research lowered shares of Frontdoor from a "strong-buy" rating to a "hold" rating in a research note on Friday, October 10th. Weiss Ratings cut shares of Frontdoor from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Wednesday, October 8th. The Goldman Sachs Group boosted their price target on shares of Frontdoor from $44.00 to $50.00 and gave the stock a "sell" rating in a research report on Wednesday, August 6th. Truist Financial boosted their price target on shares of Frontdoor from $67.00 to $71.00 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. Finally, Oppenheimer boosted their price target on shares of Frontdoor from $56.00 to $63.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 6th. Two equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Frontdoor has a consensus rating of "Hold" and a consensus target price of $59.75.

Insider Activity

In other news, SVP Jeffrey Fiarman sold 129,673 shares of the company's stock in a transaction dated 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 of the company's stock, valued at approximately $1,945,372.90. This represents a 78.92% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.48% of the company's stock.

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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