Headlands Technologies LLC Purchases 9,619 Shares of Frontdoor Inc. (NASDAQ:FTDR)

Key Points

• Headlands Technologies LLC increased its stake in Frontdoor Inc. by 387.2% in Q1, now owning 12,103 shares worth $465,000.
• Frontdoor reported a quarterly profit of $1.63 EPS, exceeding analysts' expectations, and achieved revenue growth of 13.8% year-over-year.
• Analysts have varied target prices for Frontdoor, with estimates increasing to as high as $71.00 from firms like Truist Financial, reflecting positive market sentiment.

Headlands Technologies LLC boosted its stake in Frontdoor Inc. (NASDAQ:FTDR - Free Report) by 387.2% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 12,103 shares of the company's stock after buying an additional 9,619 shares during the period. Headlands Technologies LLC's holdings in Frontdoor were worth $465,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Reinhart Partners LLC. grew its stake in Frontdoor by 16.2% in the 1st quarter. Reinhart Partners LLC. now owns 2,368,684 shares of the company's stock valued at $91,005,000 after buying an additional 331,066 shares during the last quarter. Fuller & Thaler Asset Management Inc. grew its position in shares of Frontdoor by 6.3% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 2,067,575 shares of the company's stock worth $113,034,000 after purchasing an additional 122,981 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Frontdoor by 0.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,791,666 shares of the company's stock worth $97,952,000 after purchasing an additional 10,192 shares in the last quarter. Wasatch Advisors LP acquired a new position in shares of Frontdoor during the 4th quarter worth approximately $56,507,000. Finally, Northern Trust Corp grew its position in shares of Frontdoor by 10.4% during the 4th quarter. Northern Trust Corp now owns 933,652 shares of the company's stock worth $51,043,000 after purchasing an additional 88,215 shares in the last quarter.

Insider Buying and Selling at Frontdoor

In other Frontdoor news, SVP Jeffrey Fiarman sold 129,673 shares of the firm's stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $56.15, for a total value of $7,281,138.95. Following the sale, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 1.48% of the stock is currently owned by corporate insiders.

Frontdoor Price Performance

Shares of FTDR stock traded up $0.97 on Tuesday, hitting $57.01. 553,259 shares of the company's stock were exchanged, compared to its average volume of 752,203. The company has a debt-to-equity ratio of 4.56, a current ratio of 1.49 and a quick ratio of 1.49. Frontdoor Inc. has a 12 month low of $35.61 and a 12 month high of $64.91. The stock has a market cap of $4.15 billion, a P/E ratio of 16.82 and a beta of 1.32. The company has a 50 day moving average of $57.86 and a 200 day moving average of $51.37.

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, topping the consensus estimate of $1.44 by $0.19. Frontdoor had a return on equity of 125.21% and a net margin of 13.07%. The business had revenue of $617.00 million during the quarter, compared to the consensus estimate of $602.62 million. During the same period in the prior year, the company earned $1.27 EPS. Frontdoor's revenue for the quarter was up 13.8% on a year-over-year basis. On average, equities research analysts predict that Frontdoor Inc. will post 3.07 EPS for the current year.

Analyst Upgrades and Downgrades

FTDR has been the topic of a number of analyst reports. Oppenheimer increased their target price on shares of Frontdoor from $56.00 to $63.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 6th. JPMorgan Chase & Co. increased their target price on shares of Frontdoor from $50.00 to $55.00 and gave the stock a "neutral" rating in a research report on Tuesday, June 3rd. The Goldman Sachs Group boosted 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. Finally, Truist Financial boosted their price target on Frontdoor from $67.00 to $71.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th.

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.