Virtus Advisers LLC Makes New Investment in Frontdoor Inc. $FTDR

Key Points

• Virtus Advisers LLC has acquired a new stake in Frontdoor Inc., purchasing 19,189 shares worth approximately $737,000, making it the 21st largest holding in their portfolio.
• Several institutional investors have also recently increased their positions in Frontdoor, with notable purchases including Campbell & CO Investment Adviser LLC's $1.8 million stake.
• Frontdoor's recent quarterly earnings exceeded expectations with $1.63 earnings per share, surpassing the anticipated $1.44, and reported a revenue of $617 million, reflecting a 13.8% increase year-over-year.

Virtus Advisers LLC acquired a new stake in shares of Frontdoor Inc. (NASDAQ:FTDR - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 19,189 shares of the company's stock, valued at approximately $737,000. Frontdoor makes up 1.0% of Virtus Advisers LLC's holdings, making the stock its 21st biggest position.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd bought a new stake in Frontdoor during the 1st quarter valued at about $42,000. IFP Advisors Inc lifted its holdings in 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 buying an additional 2,423 shares in the last quarter. GAMMA Investing LLC lifted its holdings in 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 buying an additional 347 shares in the last quarter. CWM LLC lifted its holdings in 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 buying an additional 1,228 shares in the last quarter. Finally, Blue Trust Inc. raised its holdings in shares of Frontdoor by 70.3% in 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 in the last quarter.

Frontdoor Stock Performance

Shares of FTDR traded down $1.62 during trading hours on Thursday, hitting $60.38. The stock had a trading volume of 634,008 shares, compared to its average volume of 727,174. The company has a debt-to-equity ratio of 4.56, a quick ratio of 1.49 and a current ratio of 1.49. The firm has a 50-day moving average price of $58.53 and a 200 day moving average price of $51.44. Frontdoor Inc. has a fifty-two week low of $35.61 and a fifty-two week high of $64.91. The firm has a market capitalization of $4.40 billion, a price-to-earnings ratio of 15.82 and a beta of 1.32.

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

Insider Activity

In related news, SVP Jeffrey Fiarman sold 129,673 shares of the business's stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $56.15, for a total value 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 $1,945,372.90. The trade was a 78.92% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 1.48% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

FTDR has been the subject of several recent research reports. Oppenheimer boosted their price target on shares of Frontdoor from $56.00 to $63.00 and gave the company an "outperform" rating in a report on Wednesday, August 6th. Truist Financial boosted their price objective on shares of Frontdoor from $67.00 to $71.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. The Goldman Sachs Group boosted their price objective on shares of Frontdoor from $44.00 to $50.00 and gave the stock a "sell" rating in a research note on Wednesday, August 6th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Frontdoor from $50.00 to $55.00 and gave the stock a "neutral" rating in a research note on Tuesday, June 3rd. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $59.75.

Frontdoor 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.