Frontdoor (NASDAQ:FTDR) Hits New 1-Year High - Here's Why

Key Points

• Frontdoor Inc. shares reached a new 52-week high of $69.64 during trading, indicating strong investor interest and performance, with a recent trading price of $69.45.
• Several brokerages have adjusted their ratings and price targets for Frontdoor, with Oppenheimer upgrading their target to $63 and Truist Financial to $71, while Weiss Ratings downgraded to a "hold."
• Frontdoor reported a quarterly earnings EPS of $1.63, exceeding estimates and showing a revenue increase of 13.8% compared to the same quarter last year.

Frontdoor Inc. (NASDAQ:FTDR - Get Free Report) shares hit a new 52-week high during trading on Thursday . The stock traded as high as $69.64 and last traded at $69.45, with a volume of 167725 shares traded. The stock had previously closed at $67.82.

Wall Street Analyst Weigh In

A number of brokerages have commented on FTDR. Oppenheimer increased their price target on shares of Frontdoor from $56.00 to $63.00 and gave the company an "outperform" rating in a research note on Wednesday, August 6th. Weiss Ratings cut shares of Frontdoor from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Wednesday, October 8th. Truist Financial increased their price target on shares of Frontdoor from $67.00 to $71.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. The Goldman Sachs Group increased their price target on shares of Frontdoor from $44.00 to $50.00 and gave the company a "sell" rating in a research note on Wednesday, August 6th. Finally, Zacks Research cut shares of Frontdoor from a "strong-buy" rating to a "hold" rating in a research note on Friday, October 10th. Two research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $59.75.

Frontdoor Price Performance

The company has a market capitalization of $5.05 billion, a P/E ratio of 20.49 and a beta of 1.33. The company's 50-day moving average price is $64.42 and its two-hundred day moving average price is $56.98. The company has a debt-to-equity ratio of 4.56, a current ratio of 1.49 and a quick ratio of 1.49.

Frontdoor (NASDAQ:FTDR - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The company reported $1.63 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 business had revenue of $617.00 million for the quarter, compared to analyst estimates of $602.62 million. During the same period last year, the firm earned $1.27 earnings per share. Frontdoor's revenue for the quarter 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, sell-side analysts expect that Frontdoor Inc. will post 3.07 EPS for the current year.

Insider Buying and Selling

In related news, SVP Jeffrey Fiarman sold 129,673 shares of the firm's stock in a transaction dated 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 transaction, the senior vice president directly owned 34,646 shares of the company's stock, valued at approximately $1,945,372.90. This trade represents a 78.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.48% of the company's stock.

Hedge Funds Weigh In On Frontdoor

A number of hedge funds have recently bought and sold shares of the business. Boston Partners increased its position in Frontdoor by 1.2% during the first quarter. Boston Partners now owns 5,980,271 shares of the company's stock worth $229,891,000 after acquiring an additional 68,733 shares during the period. Fuller & Thaler Asset Management Inc. increased its holdings 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 valued at $105,760,000 after buying an additional 685,148 shares during the period. Invesco Ltd. increased its holdings in Frontdoor by 46.9% in 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 during the period. Northern Trust Corp increased its holdings in Frontdoor by 3.2% in the 1st quarter. Northern Trust Corp now owns 963,544 shares of the company's stock valued at $37,019,000 after buying an additional 29,892 shares during the period. Finally, Nuveen LLC bought a new position in Frontdoor in the 1st quarter valued at about $32,213,000.

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.

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