GAMMA Investing LLC Buys 91,914 Shares of Frontdoor, Inc. (NASDAQ:FTDR)

GAMMA Investing LLC lifted its position in shares of Frontdoor, Inc. (NASDAQ:FTDR - Free Report) by 4,376.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 94,014 shares of the company's stock after purchasing an additional 91,914 shares during the quarter. GAMMA Investing LLC owned approximately 0.13% of Frontdoor worth $3,612,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of FTDR. Blue Trust Inc. boosted its stake in Frontdoor by 315.3% in the 4th quarter. Blue Trust Inc. now owns 1,632 shares of the company's stock valued at $89,000 after buying an additional 1,239 shares in the last quarter. Oppenheimer & Co. Inc. acquired a new stake in Frontdoor in the 4th quarter valued at $467,000. Atria Investments Inc boosted its stake in Frontdoor by 4.9% in the 4th quarter. Atria Investments Inc now owns 6,894 shares of the company's stock valued at $377,000 after buying an additional 325 shares in the last quarter. ExodusPoint Capital Management LP acquired a new stake in Frontdoor in the 4th quarter valued at $8,144,000. Finally, Wells Fargo & Company MN boosted its stake in Frontdoor by 33.0% in the 4th quarter. Wells Fargo & Company MN now owns 45,571 shares of the company's stock valued at $2,491,000 after buying an additional 11,298 shares in the last quarter.

Analyst Ratings Changes

Several analysts recently commented on FTDR shares. Truist Financial boosted their price target on Frontdoor from $58.00 to $67.00 and gave the company a "buy" rating in a research note on Friday, February 14th. JPMorgan Chase & Co. boosted their price objective on Frontdoor from $50.00 to $55.00 and gave the stock a "neutral" rating in a research note on Tuesday, June 3rd. Finally, The Goldman Sachs Group dropped their target price on Frontdoor from $46.00 to $40.00 and set a "sell" rating for the company in a research report on Monday, March 3rd.

Frontdoor Trading Down 0.8%

Shares of FTDR stock traded down $0.48 on Friday, reaching $56.43. 412,640 shares of the stock were exchanged, compared to its average volume of 728,420. The stock has a market cap of $4.15 billion, a PE ratio of 18.69 and a beta of 1.27. Frontdoor, Inc. has a one year low of $32.95 and a one year high of $63.49. The company has a debt-to-equity ratio of 2.16, a current ratio of 1.42 and a quick ratio of 1.42. The stock has a 50 day moving average price of $49.37 and a 200 day moving average price of $51.15.

Frontdoor (NASDAQ:FTDR - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported $0.64 earnings per share for the quarter, topping analysts' consensus estimates of $0.37 by $0.27. The company had revenue of $426.00 million during the quarter, compared to the consensus estimate of $416.37 million. Frontdoor had a return on equity of 132.99% and a net margin of 12.87%. The firm's quarterly revenue was up 12.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.44 earnings per share. Equities research analysts forecast that Frontdoor, Inc. will post 3.07 EPS for the current fiscal year.

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.