Scientech Research LLC Has $860,000 Stock Holdings in Frontdoor Inc. $FTDR

Scientech Research LLC grew its position in Frontdoor Inc. (NASDAQ:FTDR - Free Report) by 106.4% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,380 shares of the company's stock after buying an additional 11,536 shares during the quarter. Scientech Research LLC's holdings in Frontdoor were worth $860,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd bought a new stake in shares of Frontdoor during the 1st quarter valued at approximately $42,000. IFP Advisors Inc grew its holdings in shares of Frontdoor by 80,766.7% during the 1st quarter. IFP Advisors Inc now owns 2,426 shares of the company's stock valued at $93,000 after purchasing an additional 2,423 shares during the last quarter. GAMMA Investing LLC grew 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 valued at $94,000 after purchasing an additional 347 shares during the last quarter. CWM LLC grew its holdings in shares of Frontdoor by 91.2% during the 1st quarter. CWM LLC now owns 2,574 shares of the company's stock valued at $99,000 after purchasing an additional 1,228 shares during the last quarter. Finally, Blue Trust Inc. grew its holdings in shares of Frontdoor by 70.3% during the 1st quarter. Blue Trust Inc. now owns 2,780 shares of the company's stock valued at $107,000 after purchasing an additional 1,148 shares during the last quarter.

Wall Street Analyst Weigh In

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

Insider Transactions at Frontdoor

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

Frontdoor Trading Down 1.4%

Shares of NASDAQ:FTDR traded down $0.94 during trading on Friday, reaching $66.30. The stock had a trading volume of 519,992 shares, compared to its average volume of 635,654. The firm's fifty day moving average is $59.57 and its 200 day moving average is $51.80. The company has a debt-to-equity ratio of 4.56, a quick ratio of 1.49 and a current ratio of 1.49. Frontdoor Inc. has a 52 week low of $35.61 and a 52 week high of $67.26. The stock has a market cap of $4.83 billion, a price-to-earnings ratio of 19.56 and a beta of 1.34.

Frontdoor (NASDAQ:FTDR - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $1.63 EPS for the quarter, beating analysts' consensus estimates of $1.44 by $0.19. The company had revenue of $617.00 million for the quarter, compared to analyst estimates of $602.62 million. Frontdoor had a net margin of 13.07% and a return on equity of 125.21%. The company's quarterly revenue was up 13.8% on a year-over-year basis. During the same period in the prior year, the firm posted $1.27 EPS. Frontdoor has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, equities analysts forecast that Frontdoor Inc. will post 3.07 EPS for the current fiscal year.

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.