Fort Washington Investment Advisors Inc. OH Sells 69,504 Shares of Frontdoor Inc. $FTDR

Key Points

• Fort Washington Investment Advisors Inc. OH reduced its stake in Frontdoor Inc. by 11.6%, selling 69,504 shares, now owning 530,226 shares worth approximately $31.25 million.
• Several institutional investors, including Xponance Inc. and GAMMA Investing LLC, have increased their holdings in Frontdoor, indicating a mixed sentiment among market participants.
• Wall Street analysts have varying forecasts for Frontdoor's stock with price targets ranging from $50.00 to $71.00, reflecting a consensus rating of "Moderate Buy."

Fort Washington Investment Advisors Inc. OH cut its stake in shares of Frontdoor Inc. (NASDAQ:FTDR - Free Report) by 11.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 530,226 shares of the company's stock after selling 69,504 shares during the period. Fort Washington Investment Advisors Inc. OH owned 0.72% of Frontdoor worth $31,252,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of FTDR. Xponance Inc. grew 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 buying an additional 285 shares in the last quarter. GAMMA Investing LLC grew 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 buying an additional 347 shares in the last quarter. DekaBank Deutsche Girozentrale grew its stake in Frontdoor by 2.9% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 13,172 shares of the company's stock worth $492,000 after buying an additional 368 shares in the last quarter. TD Private Client Wealth LLC grew its stake in Frontdoor by 14.4% in the 2nd quarter. TD Private Client Wealth LLC now owns 3,588 shares of the company's stock worth $211,000 after buying an additional 452 shares in the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt grew its stake in Frontdoor by 1.2% in the 2nd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 42,200 shares of the company's stock worth $2,487,000 after buying an additional 500 shares in the last quarter.

Insider Buying and Selling at Frontdoor

In other news, SVP Jeffrey Fiarman sold 129,673 shares of the stock in a transaction that occurred on 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 sale, the senior vice president owned 34,646 shares of the company's stock, 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 document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 1.48% of the company's stock.

Wall Street Analyst Weigh In

FTDR has been the subject of a number of research reports. 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 note on Wednesday, August 6th. The Goldman Sachs Group increased their price target on shares of Frontdoor from $44.00 to $50.00 and gave the company a "sell" rating in a research report on Wednesday, August 6th. Zacks Research upgraded shares of Frontdoor from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, August 27th. 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 research report on Tuesday, June 3rd. Finally, Truist Financial increased their price target on shares of Frontdoor from $67.00 to $71.00 and gave the company a "buy" rating in a research report on Wednesday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, Frontdoor has an average rating of "Moderate Buy" and a consensus price target of $59.75.

Frontdoor Stock Performance

NASDAQ:FTDR opened at $66.96 on Friday. The firm has a market cap of $4.88 billion, a PE ratio of 19.75 and a beta of 1.34. Frontdoor Inc. has a fifty-two week low of $35.61 and a fifty-two week high of $68.86. 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 business has a 50 day moving average price of $61.31 and a 200-day moving average price of $53.58.

Frontdoor (NASDAQ:FTDR - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $617.00 million during the quarter, compared to analyst estimates of $602.62 million. Frontdoor had a return on equity of 125.21% and a net margin of 13.07%.The business's quarterly revenue was up 13.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.27 earnings per share. Frontdoor has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. Equities research analysts predict that Frontdoor Inc. will post 3.07 earnings per share for the current year.

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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