PDT Partners LLC Sells 22,776 Shares of Frontdoor Inc. $FTDR

Key Points

• PDT Partners LLC reduced its stake in Frontdoor Inc. by 45.3%, now holding 27,486 shares valued at $1,056,000 following the sale of 22,776 shares.
• Frontdoor's recent quarterly earnings report showed a net margin of 13.07% and earnings per share of $1.63, surpassing analyst expectations.
• Several analysts have upgraded their ratings on Frontdoor, leading to a consensus rating of "Moderate Buy" and an average target price of $59.75.

PDT Partners LLC decreased its position in Frontdoor Inc. (NASDAQ:FTDR - Free Report) by 45.3% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 27,486 shares of the company's stock after selling 22,776 shares during the quarter. PDT Partners LLC's holdings in Frontdoor were worth $1,056,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of FTDR. Tudor Investment Corp ET AL grew its position in Frontdoor by 34.6% during the 4th quarter. Tudor Investment Corp ET AL now owns 10,833 shares of the company's stock worth $592,000 after acquiring an additional 2,782 shares during the last quarter. Northern Trust Corp boosted its position in Frontdoor by 10.4% in the 4th quarter. Northern Trust Corp now owns 933,652 shares of the company's stock valued at $51,043,000 after buying an additional 88,215 shares during the last quarter. AQR Capital Management LLC boosted its position in Frontdoor by 7.7% in the 4th quarter. AQR Capital Management LLC now owns 77,243 shares of the company's stock valued at $4,223,000 after buying an additional 5,555 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its position in Frontdoor by 882.5% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 46,030 shares of the company's stock valued at $2,516,000 after buying an additional 41,345 shares during the last quarter. Finally, Deutsche Bank AG boosted its position in Frontdoor by 0.7% in the 4th quarter. Deutsche Bank AG now owns 261,301 shares of the company's stock valued at $14,285,000 after buying an additional 1,879 shares during the last quarter.

Insider Buying and Selling at Frontdoor

In other news, SVP Jeffrey Fiarman sold 129,673 shares of the firm's stock in a transaction dated 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 $1,945,372.90. This trade represents a 78.92% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.48% of the stock is owned by insiders.

Frontdoor Stock Down 0.7%

Shares of NASDAQ FTDR traded down $0.49 during mid-day trading on Tuesday, hitting $64.78. The company had a trading volume of 325,073 shares, compared to its average volume of 739,121. The company has a market capitalization of $4.72 billion, a PE ratio of 19.12 and a beta of 1.34. The firm has a 50-day simple moving average of $59.07 and a two-hundred day simple moving average of $51.53. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 4.56. Frontdoor Inc. has a one year low of $35.61 and a one year high of $65.38.

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

Wall Street Analysts Forecast Growth

A number of research analysts have commented on FTDR shares. Zacks Research upgraded Frontdoor from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, August 27th. The Goldman Sachs Group increased 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. JPMorgan Chase & Co. increased their price target on Frontdoor from $50.00 to $55.00 and gave the company a "neutral" rating in a research note on Tuesday, June 3rd. Oppenheimer increased 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, Truist Financial raised their price objective on Frontdoor from $67.00 to $71.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $59.75.

Frontdoor 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.