Frontdoor Inc. $FTDR Shares Purchased by OMERS ADMINISTRATION Corp

Key Points

• OMERS ADMINISTRATION Corp increased its stake in Frontdoor Inc. by 58.2%, owning approximately $1.55 million worth of 40,285 shares as of its latest SEC filing.
• SVP Jeffrey Fiarman sold 129,673 shares of Frontdoor stock, representing a 78.92% decrease in his ownership, with the sale valued at over $7.28 million.
• Frontdoor Inc. recently reported earnings of $1.63 per share for the quarter, surpassing expectations, and has set a guidance for analysts predicting an average EPS of 3.07 for the current year.

OMERS ADMINISTRATION Corp lifted its holdings in shares of Frontdoor Inc. (NASDAQ:FTDR - Free Report) by 58.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,285 shares of the company's stock after purchasing an additional 14,815 shares during the period. OMERS ADMINISTRATION Corp owned about 0.05% of Frontdoor worth $1,548,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. B. Metzler seel. Sohn & Co. AG increased its stake in shares of Frontdoor by 19.6% during the 1st quarter. B. Metzler seel. Sohn & Co. AG now owns 27,679 shares of the company's stock worth $1,063,000 after purchasing an additional 4,529 shares in the last quarter. Ieq Capital LLC purchased a new stake in Frontdoor in the 1st quarter worth approximately $413,000. Virtus Advisers LLC purchased a new stake in Frontdoor in the 1st quarter worth approximately $737,000. Freedom Investment Management Inc. purchased a new stake in Frontdoor in the 1st quarter worth approximately $232,000. Finally, Campbell & CO Investment Adviser LLC purchased a new stake in Frontdoor in the 1st quarter worth approximately $1,815,000.

Insiders Place Their Bets

In related news, SVP Jeffrey Fiarman sold 129,673 shares of the company's stock in a transaction 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 completion of 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 is accessible through the SEC website. Company insiders own 1.48% of the company's stock.

Frontdoor Stock Up 1.8%

Frontdoor stock traded up $1.14 during trading on Thursday, reaching $63.29. 730,159 shares of the company's stock were exchanged, compared to its average volume of 742,031. The company's 50-day moving average is $58.74 and its two-hundred day moving average is $51.52. The company has a debt-to-equity ratio of 4.56, a quick ratio of 1.49 and a current ratio of 1.49. Frontdoor Inc. has a 52-week low of $35.61 and a 52-week high of $64.91. The firm has a market cap of $4.61 billion, a price-to-earnings ratio of 18.67 and a beta of 1.34.

Frontdoor (NASDAQ:FTDR - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $1.63 earnings per share 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 firm had revenue of $617.00 million during the quarter, compared to analysts' expectations of $602.62 million. During the same period in the prior year, the company earned $1.27 EPS. The firm's revenue was up 13.8% on a year-over-year basis. Frontdoor has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. On average, analysts predict that Frontdoor Inc. will post 3.07 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have commented on FTDR shares. JPMorgan Chase & Co. lifted their target price on shares of Frontdoor from $50.00 to $55.00 and gave the stock a "neutral" rating in a research note on Tuesday, June 3rd. Oppenheimer lifted their target price 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 lifted 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. Zacks Research raised shares of Frontdoor from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, August 27th. Finally, Truist Financial boosted their price objective on shares of Frontdoor from $67.00 to $71.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. One research 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 given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $59.75.

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.