Frontdoor (NASDAQ:FTDR) Stock Price Down 3% - Should You Sell?

Frontdoor Inc. (NASDAQ:FTDR - Get Free Report) shares dropped 3% during trading on Thursday . The stock traded as low as $56.60 and last traded at $56.14. Approximately 30,262 shares were traded during mid-day trading, a decline of 96% from the average daily volume of 720,745 shares. The stock had previously closed at $57.87.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. The Goldman Sachs Group decreased their price target on shares of Frontdoor from $46.00 to $40.00 and set a "sell" rating on the stock in a research report on Monday, March 3rd. JPMorgan Chase & Co. raised their price target on shares of Frontdoor from $50.00 to $55.00 and gave the stock a "neutral" rating in a research report on Tuesday, June 3rd.

Frontdoor Stock Up 1.2%

The company has a debt-to-equity ratio of 5.88, a quick ratio of 1.34 and a current ratio of 1.34. The company has a market capitalization of $4.31 billion, a price-to-earnings ratio of 16.46 and a beta of 1.27. The firm's 50-day simple moving average is $53.09 and its 200-day simple moving average is $51.03.

Frontdoor (NASDAQ:FTDR - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.27. The company had revenue of $426.00 million for the quarter, compared to analyst estimates of $416.37 million. Frontdoor had a net margin of 12.59% and a return on equity of 121.05%. The business's quarterly revenue was up 12.7% on a year-over-year basis. During the same period last year, the business posted $0.44 EPS. Sell-side analysts forecast that Frontdoor Inc. will post 3.07 earnings per share for the current year.

Institutional Trading of Frontdoor

Several institutional investors have recently made changes to their positions in the business. Voya Investment Management LLC boosted its position in shares of Frontdoor by 33.5% during the 1st quarter. Voya Investment Management LLC now owns 55,829 shares of the company's stock valued at $2,145,000 after acquiring an additional 14,015 shares in the last quarter. Rhumbline Advisers boosted its position in shares of Frontdoor by 0.5% during the 1st quarter. Rhumbline Advisers now owns 210,446 shares of the company's stock valued at $8,085,000 after acquiring an additional 966 shares in the last quarter. Strs Ohio acquired a new stake in shares of Frontdoor during the 1st quarter valued at about $1,007,000. Intech Investment Management LLC boosted its position in shares of Frontdoor by 80.4% during the 1st quarter. Intech Investment Management LLC now owns 89,695 shares of the company's stock valued at $3,446,000 after acquiring an additional 39,986 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Frontdoor by 5.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 237,526 shares of the company's stock valued at $9,126,000 after acquiring an additional 13,134 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.