Voya Investment Management LLC Buys 14,015 Shares of Frontdoor Inc. $FTDR

Key Points

• Voya Investment Management LLC increased its stake in Frontdoor Inc. by 33.5%, now holding 55,829 shares valued at approximately $2.15 million.
• Frontdoor's quarterly earnings were robust, with $1.63 earnings per share exceeding analysts' expectations of $1.44 and a revenue increase of 13.8% year-over-year.
• Several analysts have raised their price targets for Frontdoor, with Oppenheimer lifting theirs from $56.00 to $63.00, indicating a positive outlook for the company's stock.

Voya Investment Management LLC increased its holdings in shares of Frontdoor Inc. (NASDAQ:FTDR - Free Report) by 33.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 55,829 shares of the company's stock after acquiring an additional 14,015 shares during the quarter. Voya Investment Management LLC owned about 0.08% of Frontdoor worth $2,145,000 at the end of the most recent reporting period.

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

Insider Activity at Frontdoor

In related 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 value of $7,281,138.95. Following the transaction, the senior vice president 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.48% of the company's stock.

Frontdoor Price Performance

NASDAQ FTDR traded up $1.16 on Monday, hitting $68.04. 542,582 shares of the company were exchanged, compared to its average volume of 668,069. The firm has a 50 day moving average of $60.57 and a two-hundred day moving average of $52.88. Frontdoor Inc. has a 1-year low of $35.61 and a 1-year high of $68.18. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 4.56. The company has a market cap of $4.96 billion, a P/E ratio of 17.06 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 (EPS) for the quarter, beating the consensus estimate of $1.44 by $0.19. The business had revenue of $617.00 million during the quarter, compared to the consensus estimate of $602.62 million. Frontdoor had a return on equity of 125.21% and a net margin of 13.07%.The company's quarterly revenue was up 13.8% on a year-over-year basis. During the same quarter last year, the firm posted $1.27 EPS. Frontdoor has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. On average, equities analysts predict that Frontdoor Inc. will post 3.07 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. 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. Zacks Research raised Frontdoor from a "hold" rating to a "strong-buy" rating in a report on Wednesday, August 27th. Oppenheimer upped their price target on Frontdoor from $56.00 to $63.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 6th. The Goldman Sachs Group raised their price target on shares of Frontdoor from $44.00 to $50.00 and gave the stock a "sell" rating in a report on Wednesday, August 6th. Finally, Truist Financial lifted 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 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 assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $59.75.

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.