Frontdoor (NASDAQ:FTDR) Hits New 52-Week High - Time to Buy?

Key Points

• Frontdoor Inc. (NASDAQ:FTDR) reached a new 52-week high of $67.39 with trading volume of 242,392 shares.
• Analysts have mixed ratings for the stock, with one giving a Strong Buy, while the average price target stands at $59.75.
• The company reported a quarterly earnings of $1.63 per share, exceeding estimates, with a revenue growth of 13.8% year-over-year.

Frontdoor Inc. (NASDAQ:FTDR - Get Free Report)'s stock price reached a new 52-week high on Wednesday . The stock traded as high as $67.39 and last traded at $67.06, with a volume of 242392 shares trading hands. The stock had previously closed at $65.37.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on FTDR. Oppenheimer boosted their target price on shares of Frontdoor from $56.00 to $63.00 and gave the company an "outperform" rating in a report on Wednesday, August 6th. Truist Financial boosted their target price on shares of Frontdoor from $67.00 to $71.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. The Goldman Sachs Group boosted their target price on shares of Frontdoor from $44.00 to $50.00 and gave the company a "sell" rating in a report on Wednesday, August 6th. Zacks Research upgraded shares of Frontdoor from a "hold" rating to a "strong-buy" rating in a report on Wednesday, August 27th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Frontdoor from $50.00 to $55.00 and gave the company a "neutral" rating in a report on Tuesday, June 3rd. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $59.75.

Frontdoor Stock Performance

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 stock's 50-day simple moving average is $60.38 and its 200 day simple moving average is $52.68. The company has a market capitalization of $4.87 billion, a PE ratio of 19.73 and a beta of 1.34.

Frontdoor (NASDAQ:FTDR - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The company reported $1.63 earnings per share 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 analysts' expectations of $602.62 million. Frontdoor had a net margin of 13.07% and a return on equity of 125.21%. Frontdoor's quarterly revenue was up 13.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.27 EPS. Frontdoor has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, research analysts expect that Frontdoor Inc. will post 3.07 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Frontdoor 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 completion of the transaction, the senior vice president directly owned 34,646 shares in the company, valued at approximately $1,945,372.90. This trade represents a 78.92% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 1.48% of the company's stock.

Institutional Investors Weigh In On Frontdoor

A number of hedge funds and other institutional investors have recently modified their holdings of FTDR. Nuveen LLC purchased a new stake in shares of Frontdoor during the first quarter worth about $32,213,000. Broad Bay Capital Management LP purchased a new position in Frontdoor in the second quarter valued at about $46,886,000. Fiera Capital Corp purchased a new position in Frontdoor in the first quarter valued at about $28,024,000. Fuller & Thaler Asset Management Inc. lifted its position in shares of Frontdoor by 33.1% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 2,752,723 shares of the company's stock worth $105,760,000 after purchasing an additional 685,148 shares in the last quarter. Finally, Eventide Asset Management LLC acquired a new position in shares of Frontdoor during the second quarter worth $28,506,000.

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.