Tidal Investments LLC Has $2.08 Million Position in Frontdoor, Inc. (NASDAQ:FTDR)

Tidal Investments LLC lessened its holdings in Frontdoor, Inc. (NASDAQ:FTDR - Free Report) by 11.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 38,041 shares of the company's stock after selling 4,877 shares during the quarter. Tidal Investments LLC owned 0.05% of Frontdoor worth $2,080,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Janney Montgomery Scott LLC increased its stake in Frontdoor by 37.2% in the fourth quarter. Janney Montgomery Scott LLC now owns 41,971 shares of the company's stock valued at $2,295,000 after acquiring an additional 11,385 shares during the period. Blue Trust Inc. lifted its stake in Frontdoor by 332.8% during the fourth quarter. Blue Trust Inc. now owns 1,701 shares of the company's stock worth $93,000 after purchasing an additional 1,308 shares during the period. Pacer Advisors Inc. boosted its holdings in Frontdoor by 4.8% during the fourth quarter. Pacer Advisors Inc. now owns 7,854 shares of the company's stock valued at $429,000 after purchasing an additional 357 shares in the last quarter. Patriot Financial Group Insurance Agency LLC acquired a new stake in Frontdoor during the fourth quarter valued at approximately $222,000. Finally, Robeco Institutional Asset Management B.V. grew its stake in shares of Frontdoor by 188.7% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 76,232 shares of the company's stock valued at $4,168,000 after purchasing an additional 49,823 shares during the period.

Frontdoor Stock Performance

NASDAQ:FTDR opened at $53.70 on Friday. The stock has a market capitalization of $3.95 billion, a P/E ratio of 17.78 and a beta of 1.21. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 2.16. Frontdoor, Inc. has a 1 year low of $32.95 and a 1 year high of $63.49. The firm has a 50 day moving average of $43.66 and a 200-day moving average of $51.24.

Frontdoor (NASDAQ:FTDR - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The company reported $0.64 earnings per share for the quarter, beating analysts' consensus estimates of $0.37 by $0.27. The firm had revenue of $426.00 million during the quarter, compared to analysts' expectations of $416.37 million. Frontdoor had a return on equity of 132.99% and a net margin of 12.87%. The business's revenue was up 12.7% on a year-over-year basis. During the same period last year, the firm posted $0.44 EPS. As a group, sell-side analysts anticipate that Frontdoor, Inc. will post 3.07 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently commented on FTDR. JPMorgan Chase & Co. downgraded Frontdoor from an "overweight" rating to a "neutral" rating and cut their target price for the stock from $58.00 to $40.00 in a research report on Tuesday, April 22nd. Truist Financial lifted their price objective on Frontdoor from $58.00 to $67.00 and gave the company a "buy" rating in a report on Friday, February 14th. Finally, The Goldman Sachs Group lowered their target price on shares of Frontdoor from $46.00 to $40.00 and set a "sell" rating on the stock in a report on Monday, March 3rd.

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.

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