Virtus Advisers LLC Takes $737,000 Position 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 position in shares of Frontdoor Inc. (NASDAQ:FTDR - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 19,189 shares of the company's stock, valued at approximately $737,000. Frontdoor accounts for about 1.0% of Virtus Advisers LLC's investment portfolio, making the stock its 21st largest holding.

A number of other institutional investors have also made changes to their positions in FTDR. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Frontdoor during the first quarter worth $42,000. IFP Advisors Inc grew its stake in shares of 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 purchasing an additional 2,423 shares during the period. GAMMA Investing LLC grew its stake in shares of 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 purchasing an additional 347 shares during the period. CWM LLC grew its stake in shares of Frontdoor by 91.2% during the first quarter. CWM LLC now owns 2,574 shares of the company's stock worth $99,000 after purchasing an additional 1,228 shares during the period. Finally, Blue Trust Inc. grew its stake in shares of 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 purchasing an additional 1,148 shares during the period.

Analysts Set New Price Targets

A number of equities research analysts recently commented on FTDR shares. Zacks Research raised Frontdoor from a "hold" rating to a "strong-buy" rating in a research note on Wednesday. Truist Financial lifted 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. JPMorgan Chase & Co. boosted their target price on Frontdoor from $50.00 to $55.00 and gave the company a "neutral" rating in a research note on Tuesday, June 3rd. Oppenheimer boosted 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, The Goldman Sachs Group boosted 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. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $59.75.

Insider Activity at Frontdoor

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 value of $7,281,138.95. Following the sale, 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 ownership of the stock. The sale 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 company insiders.

Frontdoor Trading Up 0.6%

NASDAQ:FTDR traded up $0.37 on Friday, reaching $60.75. The company's stock had a trading volume of 774,757 shares, compared to its average volume of 720,024. Frontdoor Inc. has a 1-year low of $35.61 and a 1-year high of $64.91. 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 market cap of $4.43 billion, a PE ratio of 17.92 and a beta of 1.32. The business's 50-day moving average price is $58.58 and its two-hundred day moving average price is $51.41.

Frontdoor (NASDAQ:FTDR - Get Free Report) last issued its quarterly earnings results 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 return on equity of 125.21% and a net margin of 13.07%.The company's quarterly revenue was up 13.8% compared to the same quarter last year. During the same period in the previous year, the company posted $1.27 earnings per share. Frontdoor has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. Equities research analysts anticipate that Frontdoor Inc. will post 3.07 earnings per share for the current fiscal year.

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.