Financiere des Professionnels Fonds d investissement inc. Purchases New Holdings in Frontdoor Inc. $FTDR

Key Points

• Financiere des Professionnels Fonds d investissement inc. acquired a new stake in Frontdoor Inc., purchasing 6,059 shares valued at approximately $357,000 in the 2nd quarter.
• Frontdoor reported earnings of $1.63 per share for the quarter, exceeding estimates and demonstrating a 13.8% revenue increase year-over-year.
• Analysts upgraded Frontdoor's stock ratings, with Zacks Research moving it from "hold" to a "strong-buy" rating and several firms adjusting their price targets upward.

Financiere des Professionnels Fonds d investissement inc. bought a new stake in Frontdoor Inc. (NASDAQ:FTDR - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 6,059 shares of the company's stock, valued at approximately $357,000.

A number of other institutional investors also recently made changes to their positions in FTDR. Quantinno Capital Management LP increased its holdings in shares of Frontdoor by 0.8% during the fourth quarter. Quantinno Capital Management LP now owns 24,212 shares of the company's stock valued at $1,324,000 after purchasing an additional 183 shares during the period. Xponance Inc. lifted its stake in Frontdoor by 5.0% in the 1st quarter. Xponance Inc. now owns 5,971 shares of the company's stock worth $229,000 after acquiring an additional 285 shares in the last quarter. GAMMA Investing LLC lifted 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 acquiring an additional 347 shares in the last quarter. DekaBank Deutsche Girozentrale raised its stake in shares of Frontdoor by 2.9% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 13,172 shares of the company's stock worth $492,000 after purchasing an additional 368 shares in the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt raised its stake in shares of Frontdoor by 1.2% during the 2nd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 42,200 shares of the company's stock worth $2,487,000 after purchasing an additional 500 shares in the last quarter.

Frontdoor Trading Down 0.3%

Shares of Frontdoor stock traded down $0.20 during trading hours on Friday, hitting $66.88. The company's stock had a trading volume of 1,714,767 shares, compared to its average volume of 613,555. Frontdoor Inc. has a 12 month low of $35.61 and a 12 month high of $67.55. The stock has a 50 day moving average of $60.38 and a 200 day moving average of $52.60. The company has a market capitalization 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 (NASDAQ:FTDR - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $1.63 earnings per share (EPS) 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 company had revenue of $617.00 million during the quarter, compared to the consensus estimate of $602.62 million. During the same period in the prior year, the company earned $1.27 earnings per share. The company's revenue for the quarter was up 13.8% compared to the same quarter last year. Frontdoor has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. Analysts predict that Frontdoor Inc. will post 3.07 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages recently weighed in on FTDR. JPMorgan Chase & Co. raised their price objective on Frontdoor from $50.00 to $55.00 and gave the company a "neutral" rating in a research note on Tuesday, June 3rd. Truist Financial boosted 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. Zacks Research raised Frontdoor from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, August 27th. Oppenheimer boosted their price target on Frontdoor from $56.00 to $63.00 and gave the company an "outperform" rating in a research note on Wednesday, August 6th. Finally, The Goldman Sachs Group boosted their price target on Frontdoor from $44.00 to $50.00 and gave the company a "sell" rating in a research note on Wednesday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $59.75.

Insider Buying and Selling at Frontdoor

In other news, SVP Jeffrey Fiarman sold 129,673 shares of the company's stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $56.15, for a total transaction of $7,281,138.95. Following the completion of the transaction, the senior vice president directly owned 34,646 shares of the company's stock, valued at $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 available at this hyperlink. 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.