Janney Montgomery Scott LLC Sells 13,973 Shares of Frontdoor Inc. $FTDR

Key Points

• Janney Montgomery Scott LLC has reduced its holdings in Frontdoor Inc. by 38.2%, selling 13,973 shares and now owning 22,578 shares worth approximately $1.33 million.
• Insider selling is notable as SVP Jeffrey Fiarman sold 129,673 shares for over $7.28 million, marking a decrease of nearly 79% in their ownership.
• Analysts have mixed ratings on Frontdoor, with a consensus rating of "Moderate Buy" and a price target averaging $59.75, while Zacks raised the stock to "strong-buy."

Janney Montgomery Scott LLC cut its holdings in Frontdoor Inc. (NASDAQ:FTDR - Free Report) by 38.2% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 22,578 shares of the company's stock after selling 13,973 shares during the quarter. Janney Montgomery Scott LLC's holdings in Frontdoor were worth $1,331,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of FTDR. State of Alaska Department of Revenue grew its stake in shares of Frontdoor by 4.3% in the 2nd quarter. State of Alaska Department of Revenue now owns 43,806 shares of the company's stock worth $2,581,000 after buying an additional 1,792 shares in the last quarter. TD Private Client Wealth LLC lifted its holdings in shares of Frontdoor by 14.4% in the 2nd quarter. TD Private Client Wealth LLC now owns 3,588 shares of the company's stock valued at $211,000 after acquiring an additional 452 shares during the last quarter. Public Employees Retirement System of Ohio grew its position in Frontdoor by 5.6% in the second quarter. Public Employees Retirement System of Ohio now owns 78,660 shares of the company's stock worth $4,636,000 after acquiring an additional 4,200 shares in the last quarter. Counterpoint Mutual Funds LLC purchased a new position in Frontdoor in the second quarter worth about $404,000. Finally, GAMMA Investing LLC increased its stake in Frontdoor by 42.5% during the second quarter. GAMMA Investing LLC now owns 3,486 shares of the company's stock worth $205,000 after acquiring an additional 1,039 shares during the last quarter.

Insider Buying and Selling

In other Frontdoor news, SVP Jeffrey Fiarman sold 129,673 shares of the company's stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $56.15, for a total transaction of $7,281,138.95. Following the completion of the sale, the senior vice president owned 34,646 shares in the company, valued at $1,945,372.90. This represents a 78.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.48% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on FTDR. Zacks Research raised Frontdoor from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, August 27th. The Goldman Sachs Group raised their price target on Frontdoor from $44.00 to $50.00 and gave the stock a "sell" rating in a research report on Wednesday, August 6th. Truist Financial lifted their price objective on shares of Frontdoor from $67.00 to $71.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. Weiss Ratings downgraded shares of Frontdoor from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Wednesday, October 8th. Finally, Oppenheimer raised their target price on shares of Frontdoor from $56.00 to $63.00 and gave the stock an "outperform" rating in a report on Wednesday, August 6th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Frontdoor has a consensus rating of "Moderate Buy" and an average price target of $59.75.

Frontdoor Trading Down 1.2%

NASDAQ FTDR opened at $64.53 on Monday. The stock has a market cap of $4.70 billion, a PE ratio of 19.04 and a beta of 1.33. Frontdoor Inc. has a 12 month low of $35.61 and a 12 month high of $69.36. The company's 50-day moving average price is $62.94 and its 200-day moving average price is $55.69. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 4.56.

Frontdoor (NASDAQ:FTDR - Get Free Report) last issued its earnings results on Tuesday, August 5th. The company reported $1.63 EPS for the quarter, topping analysts' consensus estimates of $1.44 by $0.19. Frontdoor had a net margin of 13.07% and a return on equity of 125.21%. The business had revenue of $617.00 million for the quarter, compared to the consensus estimate of $602.62 million. During the same period in the prior year, the firm earned $1.27 EPS. The company's revenue for the quarter was up 13.8% compared to the same quarter last year. Frontdoor has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. Equities research analysts forecast that Frontdoor Inc. will post 3.07 earnings per share for the current 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.

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