Frontdoor Target of Unusually Large Options Trading (NASDAQ:FTDR)

Frontdoor, Inc. (NASDAQ:FTDR - Get Free Report) saw unusually large options trading on Friday. Traders acquired 21,079 call options on the company. This represents an increase of approximately 3,698% compared to the average daily volume of 555 call options.

Hedge Funds Weigh In On Frontdoor

Several hedge funds and other institutional investors have recently bought and sold shares of FTDR. Covestor Ltd lifted its position in Frontdoor by 288.6% during the first quarter. Covestor Ltd now owns 1,154 shares of the company's stock valued at $38,000 after purchasing an additional 857 shares during the period. Financial Management Professionals Inc. acquired a new stake in Frontdoor during the fourth quarter worth about $49,000. Parkside Financial Bank & Trust raised its position in Frontdoor by 9,892.9% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,399 shares of the company's stock valued at $49,000 after acquiring an additional 1,385 shares in the last quarter. C M Bidwell & Associates Ltd. acquired a new position in Frontdoor in the fourth quarter valued at approximately $71,000. Finally, Acadian Asset Management LLC purchased a new stake in Frontdoor in the 3rd quarter worth approximately $88,000.

Analyst Upgrades and Downgrades

Separately, Wells Fargo & Company upped their price objective on Frontdoor from $36.00 to $39.00 and gave the stock an "equal weight" rating in a research note on Monday, May 6th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Frontdoor presently has an average rating of "Hold" and an average price target of $40.00.

Frontdoor Stock Down 0.2 %

Shares of FTDR traded down $0.06 during midday trading on Friday, hitting $35.91. 460,821 shares of the company's stock traded hands, compared to its average volume of 738,876. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 3.54. The stock has a market capitalization of $2.79 billion, a price-to-earnings ratio of 15.75 and a beta of 0.89. The firm's fifty day moving average is $32.23 and its 200-day moving average is $33.20. Frontdoor has a 1 year low of $28.25 and a 1 year high of $38.97.

Frontdoor (NASDAQ:FTDR - Get Free Report) last posted its quarterly earnings results on Wednesday, February 28th. The company reported $0.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.02 by $0.18. Frontdoor had a net margin of 10.27% and a return on equity of 132.00%. The business had revenue of $366.00 million during the quarter, compared to analysts' expectations of $360.47 million. During the same quarter last year, the company posted $0.13 earnings per share. The business's quarterly revenue was up 8.0% on a year-over-year basis. As a group, sell-side analysts anticipate that Frontdoor will post 2.52 earnings per share for the current year.

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.