Wealth Enhancement Advisory Services LLC Takes Position in Frontdoor Inc. $FTDR

Key Points

• Wealth Enhancement Advisory Services LLC acquired 4,117 shares of Frontdoor Inc. valued at approximately $247,000 during the second quarter.
• Insider trading activity was notable as Jeffrey Fiarman, SVP, sold 129,673 shares at an average price of $56.15, reducing his ownership by 78.92%.
• Multiple firms have recently revised their ratings on Frontdoor, with Zacks Research upgrading it to a "strong-buy" rating, while other analysts set price targets ranging from $50 to $71.

Wealth Enhancement Advisory Services LLC bought a new stake in shares of Frontdoor Inc. (NASDAQ:FTDR - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 4,117 shares of the company's stock, valued at approximately $247,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in FTDR. Nuveen LLC purchased a new position in shares of Frontdoor during the 1st quarter valued at approximately $32,213,000. Fiera Capital Corp purchased a new position in shares of Frontdoor during the 1st quarter valued at approximately $28,024,000. Fuller & Thaler Asset Management Inc. lifted its position in shares of Frontdoor by 33.1% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 2,752,723 shares of the company's stock valued at $105,760,000 after buying an additional 685,148 shares in the last quarter. Invesco Ltd. lifted its position in shares of Frontdoor by 46.9% during the 1st quarter. Invesco Ltd. now owns 1,223,776 shares of the company's stock valued at $47,017,000 after buying an additional 390,434 shares in the last quarter. Finally, Millennium Management LLC raised its stake in Frontdoor by 533.0% in the 1st quarter. Millennium Management LLC now owns 307,497 shares of the company's stock valued at $11,814,000 after purchasing an additional 258,920 shares during the last quarter.

Insider Activity

In related news, SVP Jeffrey Fiarman sold 129,673 shares of the firm'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 $1,945,372.90. This trade represents a 78.92% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 1.48% of the company's stock.

Wall Street Analyst Weigh In

FTDR has been the subject of several recent research reports. Zacks Research raised Frontdoor from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, August 27th. Oppenheimer increased their price objective on Frontdoor from $56.00 to $63.00 and gave the company an "outperform" rating in a research note on Wednesday, August 6th. Weiss Ratings downgraded Frontdoor from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Wednesday. The Goldman Sachs Group increased their price objective on Frontdoor from $44.00 to $50.00 and gave the company a "sell" rating in a research note on Wednesday, August 6th. Finally, Truist Financial increased their price objective on Frontdoor from $67.00 to $71.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Frontdoor currently has an average rating of "Moderate Buy" and an average price target of $59.75.

Frontdoor Stock Down 0.8%

Shares of NASDAQ:FTDR opened at $65.31 on Friday. The business has a 50-day moving average price of $62.81 and a 200 day moving average price of $55.27. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 4.56. The company has a market capitalization of $4.76 billion, a price-to-earnings ratio of 19.27 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 issued its quarterly earnings data on Tuesday, August 5th. The company reported $1.63 earnings per share (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 the consensus estimate 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% on a year-over-year basis. During the same period last year, the company earned $1.27 EPS. Frontdoor has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. Sell-side 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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