Ieq Capital LLC acquired a new position in Frontdoor Inc. (NASDAQ:FTDR - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 18,568 shares of the company's stock, valued at approximately $1,441,000.
Several other institutional investors have also added to or reduced their stakes in FTDR. Keating Financial Advisory Services Inc. purchased a new position in shares of Frontdoor during the second quarter valued at approximately $25,000. EverSource Wealth Advisors LLC raised its holdings in shares of Frontdoor by 164.6% in the second quarter. EverSource Wealth Advisors LLC now owns 799 shares of the company's stock worth $47,000 after buying an additional 497 shares during the period. Quarry LP raised its holdings in shares of Frontdoor by 429.5% in the third quarter. Quarry LP now owns 879 shares of the company's stock worth $59,000 after buying an additional 713 shares during the period. Global Retirement Partners LLC lifted its stake in shares of Frontdoor by 8,376.9% during the 4th quarter. Global Retirement Partners LLC now owns 1,102 shares of the company's stock worth $64,000 after acquiring an additional 1,089 shares during the last quarter. Finally, Plato Investment Management Ltd bought a new stake in shares of Frontdoor during the 2nd quarter worth approximately $83,000.
Wall Street Analysts Forecast Growth
Several brokerages have commented on FTDR. Benchmark upped their price objective on Frontdoor from $80.00 to $96.00 and gave the company a "buy" rating in a research report on Friday, August 7th. JPMorgan Chase & Co. assumed coverage on Frontdoor in a research report on Monday. They set a "neutral" rating and a $95.00 target price for the company. Weiss Ratings reissued a "buy (b-)" rating on shares of Frontdoor in a research note on Tuesday, August 18th. Wolfe Research upgraded shares of Frontdoor to an "outperform" rating in a report on Monday. Finally, Truist Financial raised their price target on shares of Frontdoor from $82.00 to $105.00 and gave the stock a "buy" rating in a research note on Friday, August 7th. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $92.60.
Read Our Latest Analysis on FTDR
Frontdoor Stock Up 0.2%
Shares of NASDAQ FTDR opened at $83.68 on Thursday. Frontdoor Inc. has a 52-week low of $48.47 and a 52-week high of $93.43. The firm has a market capitalization of $5.76 billion, a price-to-earnings ratio of 22.20 and a beta of 1.47. The stock has a 50 day moving average price of $77.68 and a 200 day moving average price of $67.04. 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 (NASDAQ:FTDR - Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The company reported $1.93 EPS for the quarter, topping the consensus estimate of $1.76 by $0.17. The company had revenue of $645.00 million for the quarter, compared to the consensus estimate of $643.40 million. Frontdoor had a return on equity of 120.90% and a net margin of 12.72%.Frontdoor's quarterly revenue was up 4.5% on a year-over-year basis. During the same period last year, the business posted $1.63 EPS. Sell-side analysts expect that Frontdoor Inc. will post 4.66 earnings per share for the current year.
Frontdoor Company Profile
(
Free Report)
Frontdoor, Inc NASDAQ: FTDR is a leading provider of home service plans and repair solutions for residential property owners. The company offers contract-based coverage that helps homeowners manage the cost of repairing and replacing essential household systems and appliances, including heating and cooling, plumbing, electrical wiring, water heaters, washers, dryers, refrigerators and other major kitchen equipment.
Frontdoor delivers its services through a nationwide network of independent service professionals and contractors, leveraging a cloud-based platform and call center infrastructure to coordinate service visits and process claims.
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