Sequoia Financial Advisors LLC Makes New Investment in Frontdoor Inc. $FTDR

Key Points

• Sequoia Financial Advisors LLC acquired a new position in Frontdoor Inc., purchasing 4,934 shares valued at approximately $291,000 in the second quarter.
• Analyst ratings for Frontdoor show variability, with Truist Financial increasing the price target to $71.00 and three firms issuing Hold ratings, highlighting cautious optimism around the stock.
• Frontdoor reported a quarterly EPS of $1.63, exceeding estimates of $1.44, with a revenue of $617.00 million reflecting a 13.8% year-over-year increase.

Sequoia Financial Advisors LLC acquired a new position in shares of Frontdoor Inc. (NASDAQ:FTDR - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,934 shares of the company's stock, valued at approximately $291,000.

Other hedge funds have also recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd acquired a new position in Frontdoor during the first quarter worth $42,000. IFP Advisors Inc raised its stake in Frontdoor by 80,766.7% during the first quarter. IFP Advisors Inc now owns 2,426 shares of the company's stock worth $93,000 after acquiring an additional 2,423 shares in the last quarter. GAMMA Investing LLC raised its stake in Frontdoor by 16.5% during the first quarter. GAMMA Investing LLC now owns 2,447 shares of the company's stock worth $94,000 after acquiring an additional 347 shares in the last quarter. CWM LLC raised its stake in Frontdoor by 91.2% during the first quarter. CWM LLC now owns 2,574 shares of the company's stock worth $99,000 after acquiring an additional 1,228 shares in the last quarter. Finally, Blue Trust Inc. raised its stake in Frontdoor by 70.3% during the first quarter. Blue Trust Inc. now owns 2,780 shares of the company's stock worth $107,000 after acquiring an additional 1,148 shares in the last quarter.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Truist Financial increased their price objective on Frontdoor from $67.00 to $71.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. Weiss Ratings lowered Frontdoor from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Wednesday, October 8th. The Goldman Sachs Group raised their target price on Frontdoor from $44.00 to $50.00 and gave the company a "sell" rating in a research note on Wednesday, August 6th. Oppenheimer raised their target price on Frontdoor from $56.00 to $63.00 and gave the company an "outperform" rating in a research note on Wednesday, August 6th. Finally, Zacks Research lowered Frontdoor from a "strong-buy" rating to a "hold" rating in a research note on Friday, October 10th. Two research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $59.75.

Insider Activity

In other news, SVP Jeffrey Fiarman sold 129,673 shares of the business's 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 transaction, the senior vice president directly owned 34,646 shares in the company, valued at approximately $1,945,372.90. The trade was a 78.92% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.48% of the company's stock.

Frontdoor Price Performance

Shares of FTDR stock opened at $67.82 on Thursday. The stock has a 50-day moving average price of $64.42 and a 200 day moving average price of $56.98. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 4.56. The firm has a market cap of $4.94 billion, a price-to-earnings ratio of 20.01 and a beta of 1.33. Frontdoor Inc. has a 12 month low of $35.61 and a 12 month high of $69.36.

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

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