38,472 Shares in Frontdoor, Inc. (NASDAQ:FTDR) Purchased by Squarepoint Ops LLC

Squarepoint Ops LLC purchased a new stake in Frontdoor, Inc. (NASDAQ:FTDR - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 38,472 shares of the company's stock, valued at approximately $2,103,000. Squarepoint Ops LLC owned 0.05% of Frontdoor as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Wasatch Advisors LP acquired a new position in Frontdoor during the 4th quarter worth $56,507,000. Price T Rowe Associates Inc. MD increased its stake in shares of Frontdoor by 621.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 881,083 shares of the company's stock worth $48,169,000 after purchasing an additional 758,947 shares during the period. Raymond James Financial Inc. bought a new position in shares of Frontdoor in the fourth quarter worth about $17,465,000. Norges Bank acquired a new position in shares of Frontdoor during the 4th quarter worth about $14,358,000. Finally, Janus Henderson Group PLC boosted its stake in Frontdoor by 275.6% during the 4th quarter. Janus Henderson Group PLC now owns 340,094 shares of the company's stock valued at $18,605,000 after purchasing an additional 249,552 shares during the period.

Analysts Set New Price Targets

FTDR has been the topic of several recent analyst reports. The Goldman Sachs Group dropped their price target on Frontdoor from $46.00 to $40.00 and set a "sell" rating on the stock in a research report on Monday, March 3rd. Truist Financial raised their price objective on shares of Frontdoor from $58.00 to $67.00 and gave the stock a "buy" rating in a research note on Friday, February 14th. Finally, JPMorgan Chase & Co. cut shares of Frontdoor from an "overweight" rating to a "neutral" rating and cut their target price for the company from $58.00 to $40.00 in a research note on Tuesday, April 22nd.

Frontdoor Stock Performance

FTDR traded up $0.51 on Friday, hitting $55.17. 696,884 shares of the stock traded hands, compared to its average volume of 739,611. The business has a fifty day moving average price of $45.64 and a two-hundred day moving average price of $51.13. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 2.16. The firm has a market capitalization of $4.06 billion, a PE ratio of 18.27 and a beta of 1.21. Frontdoor, Inc. has a 52 week low of $32.95 and a 52 week high of $63.49.

Frontdoor (NASDAQ:FTDR - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.27. The company had revenue of $426.00 million for the quarter, compared to analyst estimates of $416.37 million. Frontdoor had a return on equity of 132.99% and a net margin of 12.87%. Frontdoor's revenue for the quarter was up 12.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.44 EPS. On average, research analysts predict 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.