Frontdoor Inc. $FTDR Stock Sold by Moody Aldrich Partners LLC

Key Points

• Moody Aldrich Partners reduced its Frontdoor stake by 28.9% in the third quarter, selling 18,518 shares and retaining 45,607 shares valued at approximately $3.34 million.
• Frontdoor reported quarterly earnings of $1.93 per share, beating estimates of $1.76, while revenue rose 4.5% year over year to $645 million.
• Analyst sentiment remains positive, with five Buy ratings and two Holds; the stock has a “Moderate Buy” consensus and an average price target of $95.40, versus its reported opening price of $84.20.

Moody Aldrich Partners LLC cut its position in Frontdoor Inc. (NASDAQ:FTDR - Free Report) by 28.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 45,607 shares of the company's stock after selling 18,518 shares during the quarter. Moody Aldrich Partners LLC owned about 0.07% of Frontdoor worth $3,335,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Oppenheimer & Co. Inc. bought a new stake in shares of Frontdoor in the third quarter valued at about $2,022,000. Westover Capital Advisors LLC increased its position in Frontdoor by 28.7% during the third quarter. Westover Capital Advisors LLC now owns 52,499 shares of the company's stock worth $3,839,000 after acquiring an additional 11,704 shares during the period. Pullen Investment Management LLC increased its position in Frontdoor by 0.6% during the third quarter. Pullen Investment Management LLC now owns 48,078 shares of the company's stock worth $3,515,000 after acquiring an additional 283 shares during the period. Fifth Third Wealth Advisors LLC increased its position in Frontdoor by 146.4% during the third quarter. Fifth Third Wealth Advisors LLC now owns 7,462 shares of the company's stock worth $546,000 after acquiring an additional 4,433 shares during the period. Finally, Sterling Capital Management LLC raised its stake in Frontdoor by 838.1% in the 3rd quarter. Sterling Capital Management LLC now owns 2,364 shares of the company's stock worth $173,000 after purchasing an additional 2,112 shares in the last quarter.

Frontdoor Stock Down 0.4%

Shares of NASDAQ FTDR opened at $84.20 on Thursday. The company has a debt-to-equity ratio of 3.98, a quick ratio of 1.59 and a current ratio of 1.59. Frontdoor Inc. has a 52 week low of $48.47 and a 52 week high of $93.43. The stock has a market capitalization of $5.80 billion, a P/E ratio of 22.33 and a beta of 1.53. The stock's fifty day moving average is $79.72 and its 200 day moving average is $69.06.

Frontdoor (NASDAQ:FTDR - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The company reported $1.93 earnings per share for the quarter, topping the consensus estimate of $1.76 by $0.17. The business had revenue of $645.00 million during the quarter, compared to analysts' expectations of $643.40 million. Frontdoor had a net margin of 12.72% and a return on equity of 120.90%. Frontdoor's revenue was up 4.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.63 earnings per share. Sell-side analysts forecast that Frontdoor Inc. will post 4.67 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. JPMorgan Chase & Co. assumed coverage on shares of Frontdoor in a report on Monday, August 24th. They issued a "neutral" rating and a $95.00 price objective for the company. Wolfe Research raised shares of Frontdoor to an "outperform" rating in a report on Monday, August 24th. Benchmark lifted their price target on shares of Frontdoor from $80.00 to $96.00 and gave the company a "buy" rating in a research report on Friday, August 7th. Truist Financial lifted their price target on shares of Frontdoor from $82.00 to $105.00 and gave the company a "buy" rating in a research report on Friday, August 7th. Finally, Weiss Ratings upgraded Frontdoor from a "hold (c+)" rating to a "buy (b)" rating in a research note on Wednesday, October 21st. Five investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $95.40.

Frontdoor Company Profile

Frontdoor, Inc NASDAQ: FTDR is a provider of home warranties and related home repair services. The company helps homeowners manage the cost and complexity of maintaining household systems and appliances, including heating and cooling equipment, plumbing, electrical systems, water heaters and major kitchen appliances.

Frontdoor operates primarily through its American Home Shield brand, which offers home service plans and access to a network of professional contractors. The company also provides digital tools and services designed to help homeowners diagnose household problems, request service and connect with qualified professionals.

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