Frontdoor Inc. (NASDAQ:FTDR) SVP Jeffrey Fiarman Sells 129,673 Shares

Key Points

• Jeffrey Fiarman, senior vice president of Frontdoor Inc., sold 129,673 shares, representing a 78.92% decrease in his position, for a total of $7,281,138.95.
• Frontdoor's earnings per share for the last quarter were $1.63, exceeding expectations of $1.44 and reflecting a 13.8% year-over-year revenue increase to $617 million.
• Analysts have adjusted their price targets for Frontdoor, with Goldman Sachs setting a target of $50 and Truist Financial raising it to $71, indicating varying outlooks on the stock's future performance.

Frontdoor Inc. (NASDAQ:FTDR - Get Free Report) SVP Jeffrey Fiarman sold 129,673 shares of Frontdoor stock in a transaction 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 sale, 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 filing with the SEC, which is accessible through this hyperlink.

Frontdoor Trading Down 0.3%

NASDAQ FTDR traded down $0.18 during trading on Friday, hitting $58.89. The company had a trading volume of 656,948 shares, compared to its average volume of 726,615. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 4.56. The company's fifty day moving average is $57.98 and its 200-day moving average is $51.43. The company has a market cap of $4.29 billion, a price-to-earnings ratio of 17.37 and a beta of 1.32. Frontdoor Inc. has a one year low of $35.61 and a one year high of $64.91.

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 net margin of 13.07% and a return on equity of 125.21%. Frontdoor's revenue was up 13.8% compared to the same quarter last year. During the same period last year, the business earned $1.27 EPS. On average, sell-side analysts predict that Frontdoor Inc. will post 3.07 earnings per share for the current year.

Analyst Ratings Changes

FTDR has been the topic of several analyst reports. JPMorgan Chase & Co. boosted their price target on shares of Frontdoor from $50.00 to $55.00 and gave the stock a "neutral" rating in a report on Tuesday, June 3rd. Oppenheimer upped their target price on shares of Frontdoor from $56.00 to $63.00 and gave the stock an "outperform" rating in a report on Wednesday, August 6th. Truist Financial increased their price target on shares of Frontdoor from $67.00 to $71.00 and gave the stock a "buy" rating in a report on Wednesday, August 6th. Finally, The Goldman Sachs Group upped their price objective 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.

Institutional Trading of Frontdoor

Institutional investors have recently made changes to their positions in the stock. Quantinno Capital Management LP lifted its holdings in Frontdoor by 0.8% during the fourth quarter. Quantinno Capital Management LP now owns 24,212 shares of the company's stock valued at $1,324,000 after purchasing an additional 183 shares in the last quarter. KLP Kapitalforvaltning AS increased its position in Frontdoor by 0.6% in the second quarter. KLP Kapitalforvaltning AS now owns 33,700 shares of the company's stock worth $1,986,000 after purchasing an additional 200 shares during the last quarter. Snowden Capital Advisors LLC increased its position in Frontdoor by 4.1% in the second quarter. Snowden Capital Advisors LLC now owns 6,407 shares of the company's stock worth $378,000 after purchasing an additional 250 shares during the last quarter. Blue Trust Inc. boosted its stake in Frontdoor by 9.1% during the second quarter. Blue Trust Inc. now owns 3,032 shares of the company's stock worth $179,000 after buying an additional 252 shares during the period. Finally, Mariner LLC boosted its stake in Frontdoor by 4.0% during the fourth quarter. Mariner LLC now owns 7,311 shares of the company's stock worth $400,000 after buying an additional 284 shares during the period.

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.