5,480 Shares in Frontdoor Inc. (NASDAQ:FTDR) Purchased by RHS Financial LLC

RHS Financial LLC bought a new position in Frontdoor Inc. (NASDAQ:FTDR - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 5,480 shares of the company's stock, valued at approximately $211,000.

Several other large investors have also recently bought and sold shares of FTDR. Pullen Investment Management LLC grew its stake in Frontdoor by 34.5% in the 1st quarter. Pullen Investment Management LLC now owns 15,949 shares of the company's stock worth $613,000 after buying an additional 4,093 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Frontdoor by 16.5% during the 1st quarter. GAMMA Investing LLC now owns 2,447 shares of the company's stock worth $94,000 after acquiring an additional 347 shares during the last quarter. Harbor Capital Advisors Inc. grew its position in Frontdoor by 34.7% in the first quarter. Harbor Capital Advisors Inc. now owns 226,909 shares of the company's stock worth $8,718,000 after acquiring an additional 58,482 shares in the last quarter. Farther Finance Advisors LLC increased its stake in Frontdoor by 6.9% in the first quarter. Farther Finance Advisors LLC now owns 8,610 shares of the company's stock valued at $338,000 after acquiring an additional 554 shares during the last quarter. Finally, Fenimore Asset Management Inc raised its position in Frontdoor by 0.7% during the first quarter. Fenimore Asset Management Inc now owns 338,244 shares of the company's stock valued at $12,995,000 after purchasing an additional 2,282 shares in the last quarter.

Wall Street Analyst Weigh In

Several analysts have issued reports on FTDR shares. The Goldman Sachs Group cut their target price on Frontdoor from $46.00 to $40.00 and set a "sell" rating for the company in a research note on Monday, March 3rd. JPMorgan Chase & Co. raised their price objective on Frontdoor from $50.00 to $55.00 and gave the company a "neutral" rating in a research note on Tuesday, June 3rd.

Frontdoor Trading Up 1.4%

Shares of NASDAQ FTDR traded up $0.82 during midday trading on Wednesday, hitting $57.56. 481,065 shares of the company traded hands, compared to its average volume of 726,490. Frontdoor Inc. has a 12-month low of $32.95 and a 12-month high of $63.49. The firm has a market cap of $4.24 billion, a P/E ratio of 18.63 and a beta of 1.27. The stock has a 50-day moving average price of $50.11 and a 200 day moving average price of $51.09. The company has a debt-to-equity ratio of 5.88, a quick ratio of 1.34 and a current ratio of 1.34.

Frontdoor (NASDAQ:FTDR - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.27. Frontdoor had a return on equity of 121.05% and a net margin of 12.59%. The business had revenue of $426.00 million for the quarter, compared to analysts' expectations of $416.37 million. During the same period in the previous year, the firm posted $0.44 EPS. The business's revenue was up 12.7% on a year-over-year basis. As a group, analysts expect that Frontdoor Inc. will post 3.07 earnings per share for the current year.

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.