Frontdoor Inc. (NASDAQ:FTDR) Receives Average Rating of "Moderate Buy" from Brokerages

Key Points

• Frontdoor Inc. has been rated as a "Moderate Buy" by six brokerage firms, with an average 1-year price objective of $59.75.
• Insider trading revealed that SVP Jeffrey Fiarman sold 129,673 shares at an average price of $56.15, significantly reducing his ownership in the company.
• In the latest earnings report, Frontdoor surpassed analysts' expectations with $1.63 EPS and a revenue of $617 million, marking a 13.8% increase year-over-year.

Shares of Frontdoor Inc. (NASDAQ:FTDR - Get Free Report) have received an average rating of "Moderate Buy" from the six ratings firms that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, one has given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $59.75.

FTDR has been the topic of a number of research analyst reports. Zacks Research upgraded shares of Frontdoor from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, August 27th. Weiss Ratings restated a "buy (b-)" rating on shares of Frontdoor in a report on Saturday, September 27th. The Goldman Sachs Group boosted 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. Truist Financial upped their price objective on shares of Frontdoor from $67.00 to $71.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. Finally, Oppenheimer boosted their target price on shares of Frontdoor from $56.00 to $63.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 6th.

Insider Buying and Selling at Frontdoor

In other news, SVP Jeffrey Fiarman sold 129,673 shares of the firm's stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $56.15, for a total transaction of $7,281,138.95. Following the completion of the sale, the senior vice president 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 document filed with the SEC, which is available at this hyperlink. 1.48% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Frontdoor

Hedge funds have recently made changes to their positions in the stock. Bessemer Group Inc. lifted its holdings in shares of Frontdoor by 322.1% in the second quarter. Bessemer Group Inc. now owns 515 shares of the company's stock worth $30,000 after buying an additional 393 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in shares of Frontdoor by 164.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 799 shares of the company's stock valued at $47,000 after purchasing an additional 497 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in Frontdoor in the 1st quarter worth $42,000. Elevation Point Wealth Partners LLC bought a new stake in Frontdoor in the second quarter valued at approximately $72,000. Finally, Huntington National Bank boosted its holdings in shares of Frontdoor by 56.0% during the second quarter. Huntington National Bank now owns 1,482 shares of the company's stock worth $87,000 after purchasing an additional 532 shares during the period.

Frontdoor Price Performance

NASDAQ FTDR traded up $0.40 during midday trading on Friday, hitting $68.72. The company had a trading volume of 371,053 shares, compared to its average volume of 613,371. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 4.56. Frontdoor has a twelve month low of $35.61 and a twelve month high of $69.36. The company has a market capitalization of $5.01 billion, a PE ratio of 17.43 and a beta of 1.33. The firm has a 50-day moving average price of $62.22 and a 200-day moving average price of $54.50.

Frontdoor (NASDAQ:FTDR - Get Free Report) last announced 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. Frontdoor had a net margin of 13.07% and a return on equity of 125.21%. The firm had revenue of $617.00 million for the quarter, compared to the consensus estimate of $602.62 million. During the same period in the prior year, the company posted $1.27 earnings per share. The business's revenue for the quarter was up 13.8% on a year-over-year basis. Frontdoor has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, analysts anticipate that Frontdoor will post 3.07 earnings per share 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.