Frontdoor, Inc. (NASDAQ:FTDR) Short Interest Down 22.0% in May

Frontdoor, Inc. (NASDAQ:FTDR - Get Free Report) saw a significant drop in short interest during the month of May. As of May 15th, there was short interest totalling 1,490,000 shares, a drop of 22.0% from the April 30th total of 1,910,000 shares. Based on an average daily trading volume, of 930,600 shares, the short-interest ratio is presently 1.6 days. Approximately 2.0% of the shares of the company are sold short.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on FTDR shares. The Goldman Sachs Group dropped their price target 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. JPMorgan Chase & Co. raised their target price on shares of Frontdoor from $50.00 to $55.00 and gave the stock a "neutral" rating in a report on Tuesday. Finally, Truist Financial boosted their target price on shares of Frontdoor from $58.00 to $67.00 and gave the company a "buy" rating in a research note on Friday, February 14th.

Frontdoor Stock Performance

Shares of NASDAQ:FTDR traded up $0.99 during trading on Friday, hitting $57.94. The company's stock had a trading volume of 453,082 shares, compared to its average volume of 734,246. The company has a debt-to-equity ratio of 2.16, a current ratio of 1.42 and a quick ratio of 1.42. The firm has a market cap of $4.26 billion, a price-to-earnings ratio of 19.19 and a beta of 1.21. The company has a 50-day moving average of $47.14 and a 200-day moving average of $51.18. Frontdoor has a 12 month low of $32.95 and a 12 month high of $63.49.

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, topping the consensus estimate of $0.37 by $0.27. The business had revenue of $426.00 million for the quarter, compared to the consensus estimate of $416.37 million. Frontdoor had a net margin of 12.87% and a return on equity of 132.99%. The company's quarterly revenue was up 12.7% on a year-over-year basis. During the same period last year, the firm earned $0.44 earnings per share. On average, sell-side analysts expect that Frontdoor will post 3.07 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in FTDR. Wasatch Advisors LP purchased a new stake in Frontdoor in the 4th quarter worth approximately $56,507,000. Nuveen LLC bought a new stake in shares of Frontdoor during the 1st quarter valued at $32,213,000. Price T Rowe Associates Inc. MD lifted its stake in shares of Frontdoor by 621.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 881,083 shares of the company's stock valued at $48,169,000 after buying an additional 758,947 shares in the last quarter. Fiera Capital Corp bought a new position in Frontdoor in the 1st quarter worth $28,024,000. Finally, Fuller & Thaler Asset Management Inc. increased its stake in Frontdoor by 33.1% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 2,752,723 shares of the company's stock worth $105,760,000 after buying an additional 685,148 shares in the last quarter.

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.