Frontdoor (NASDAQ:FTDR) Sets New 1-Year High - What's Next?

Key Points

• Frontdoor Inc. (NASDAQ:FTDR) reached a new 52-week high of $69.16, showing strong trading activity with a volume of 18,088 shares.
• Analysts have mixed ratings on the stock, with Goldman Sachs maintaining a "sell" rating while Truist Financial upgraded to a "buy," leading to a consensus of "Moderate Buy" with an average price target of $59.75.
• Frontdoor reported Q2 earnings of $1.63 per share, exceeding expectations and showing a 13.8% revenue increase year-over-year, indicating robust financial performance.

Frontdoor Inc. (NASDAQ:FTDR - Get Free Report) shares reached a new 52-week high during trading on Friday . The stock traded as high as $68.89 and last traded at $69.16, with a volume of 18088 shares. The stock had previously closed at $68.32.

Analyst Upgrades and Downgrades

Several research analysts have commented on FTDR shares. The Goldman Sachs Group raised their price objective on Frontdoor from $44.00 to $50.00 and gave the stock a "sell" rating in a report on Wednesday, August 6th. Truist Financial raised their price target on Frontdoor from $67.00 to $71.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. Weiss Ratings reissued a "buy (b-)" rating on shares of Frontdoor in a research report on Saturday, September 27th. Oppenheimer raised their target price on shares of Frontdoor from $56.00 to $63.00 and gave the company an "outperform" rating in a research report on Wednesday, August 6th. Finally, Zacks Research upgraded Frontdoor from a "hold" rating to a "strong-buy" rating in a report on Wednesday, August 27th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Frontdoor has a consensus rating of "Moderate Buy" and an average price target of $59.75.

Frontdoor Stock Up 0.6%

The company has a debt-to-equity ratio of 4.56, a current ratio of 1.49 and a quick ratio of 1.49. The business's fifty day moving average price is $62.02 and its two-hundred day moving average price is $54.28. The stock has a market capitalization of $5.01 billion, a PE ratio of 20.28 and a beta of 1.33.

Frontdoor (NASDAQ:FTDR - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The company reported $1.63 earnings per share for the quarter, beating analysts' consensus estimates of $1.44 by $0.19. The business had revenue of $617.00 million during the quarter, compared to analyst estimates of $602.62 million. Frontdoor had a return on equity of 125.21% and a net margin of 13.07%.The company's revenue was up 13.8% on a year-over-year basis. During the same quarter last year, the business posted $1.27 EPS. Frontdoor has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. On average, equities research analysts forecast that Frontdoor Inc. will post 3.07 EPS for the current fiscal year.

Insider Buying and Selling at Frontdoor

In other news, SVP Jeffrey Fiarman sold 129,673 shares of Frontdoor 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 transaction, the senior vice president directly owned 34,646 shares of the company's stock, valued at $1,945,372.90. The trade was a 78.92% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.48% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Frontdoor

Institutional investors and hedge funds have recently modified their holdings of the business. Principal Financial Group Inc. increased its stake in shares of Frontdoor by 2.3% in the 1st quarter. Principal Financial Group Inc. now owns 408,982 shares of the company's stock valued at $15,713,000 after purchasing an additional 9,161 shares in the last quarter. GAMMA Investing LLC increased its holdings in Frontdoor by 16.5% in the 1st quarter. GAMMA Investing LLC now owns 2,447 shares of the company's stock worth $94,000 after acquiring an additional 347 shares in the last quarter. Oppenheimer Asset Management Inc. increased its holdings in Frontdoor by 48.7% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 24,317 shares of the company's stock worth $934,000 after acquiring an additional 7,967 shares in the last quarter. New York State Common Retirement Fund increased its holdings in Frontdoor by 775.3% in the 1st quarter. New York State Common Retirement Fund now owns 212,552 shares of the company's stock worth $8,166,000 after acquiring an additional 188,268 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its holdings in Frontdoor by 126.1% in the 1st quarter. Envestnet Asset Management Inc. now owns 138,646 shares of the company's stock worth $5,327,000 after acquiring an additional 77,330 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.

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