Park Avenue Securities LLC Purchases New Shares in Frontdoor Inc. $FTDR

Key Points

• Park Avenue Securities LLC has acquired a new stake in Frontdoor Inc., purchasing 4,907 shares valued at approximately $289,000 in the second quarter.
• Frontdoor reported a strong financial performance with $1.63 earnings per share (EPS) for the last quarter, exceeding analyst expectations and reflecting a 13.8% year-over-year revenue growth.
• Several analysts have adjusted their price targets for Frontdoor, with Oppenheimer raising theirs to $63.00 and maintaining an "outperform" rating.

Park Avenue Securities LLC purchased a new stake in shares of Frontdoor Inc. (NASDAQ:FTDR - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 4,907 shares of the company's stock, valued at approximately $289,000.

Other hedge funds also recently made changes to their positions in the company. Xponance Inc. raised its stake in shares of Frontdoor by 5.0% in the first quarter. Xponance Inc. now owns 5,971 shares of the company's stock worth $229,000 after purchasing an additional 285 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of Frontdoor by 16.5% in the first quarter. GAMMA Investing LLC now owns 2,447 shares of the company's stock worth $94,000 after purchasing an additional 347 shares during the last quarter. DekaBank Deutsche Girozentrale raised its stake in shares of Frontdoor by 2.9% in the first quarter. DekaBank Deutsche Girozentrale now owns 13,172 shares of the company's stock worth $492,000 after purchasing an additional 368 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt raised its stake in shares of Frontdoor by 1.2% in the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 42,200 shares of the company's stock worth $2,487,000 after purchasing an additional 500 shares during the last quarter. Finally, US Bancorp DE raised its stake in shares of Frontdoor by 22.5% in the first quarter. US Bancorp DE now owns 3,008 shares of the company's stock worth $116,000 after purchasing an additional 553 shares during the last quarter.

Frontdoor Stock Up 0.9%

NASDAQ FTDR opened at $67.29 on Wednesday. The stock's 50-day moving average price is $61.68 and its 200-day moving average price is $53.98. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 4.56. Frontdoor Inc. has a 52 week low of $35.61 and a 52 week high of $68.86. The company has a market capitalization of $4.90 billion, a P/E ratio of 19.85 and a beta of 1.34.

Frontdoor (NASDAQ:FTDR - Get Free Report) last released its earnings results on Tuesday, August 5th. The company reported $1.63 earnings per share (EPS) 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 firm had revenue of $617.00 million during the quarter, compared to analysts' expectations of $602.62 million. During the same quarter last year, the business posted $1.27 earnings per share. The firm's revenue was up 13.8% on a year-over-year basis. Frontdoor has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. On average, equities research analysts predict that Frontdoor Inc. will post 3.07 earnings per share for the current year.

Insider Activity

In related news, SVP Jeffrey Fiarman sold 129,673 shares of the stock in a transaction dated 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 approximately $1,945,372.90. This trade represents a 78.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.48% of the company's stock.

Analysts Set New Price Targets

FTDR has been the subject of a number of research reports. Oppenheimer upped their price objective on Frontdoor from $56.00 to $63.00 and gave the company an "outperform" rating in a research report on Wednesday, August 6th. JPMorgan Chase & Co. increased their target price on Frontdoor from $50.00 to $55.00 and gave the company a "neutral" rating in a report on Tuesday, June 3rd. Zacks Research raised Frontdoor from a "hold" rating to a "strong-buy" rating in a report on Wednesday, August 27th. Truist Financial increased their target price on Frontdoor from $67.00 to $71.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. Finally, The Goldman Sachs Group increased their target price on Frontdoor from $44.00 to $50.00 and gave the company a "sell" rating in a report on Wednesday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $59.75.

Frontdoor Company 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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