Frontdoor (NASDAQ:FTDR) Shares Down 3% - Time to Sell?

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

Analysts Set New Price Targets

Several brokerages recently issued reports on FTDR. JPMorgan Chase & Co. upped their target price 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. The Goldman Sachs Group decreased their price objective on Frontdoor from $46.00 to $40.00 and set a "sell" rating on the stock in a report on Monday, March 3rd.

Frontdoor Trading Up 1.2%

The firm's 50-day simple moving average is $52.71 and its 200-day simple moving average is $51.14. The firm has a market capitalization of $4.31 billion, a PE ratio of 18.96 and a beta of 1.27. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 5.88.

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

Institutional Trading of Frontdoor

Institutional investors have recently modified their holdings of the company. Bessemer Group Inc. raised its position in Frontdoor by 514.7% during the 4th quarter. Bessemer Group Inc. now owns 627 shares of the company's stock valued at $34,000 after purchasing an additional 525 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in Frontdoor during the 1st quarter valued at $42,000. TD Private Client Wealth LLC raised its holdings in Frontdoor by 12.9% in the 4th quarter. TD Private Client Wealth LLC now owns 1,597 shares of the company's stock worth $87,000 after purchasing an additional 183 shares in the last quarter. IFP Advisors Inc raised its holdings in Frontdoor by 80,766.7% in the 1st quarter. IFP Advisors Inc now owns 2,426 shares of the company's stock worth $93,000 after purchasing an additional 2,423 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of 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 purchasing an additional 347 shares during the period.

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.