Essex Investment Management Co. LLC Makes New $1.18 Million Investment in Frontdoor, Inc. (NASDAQ:FTDR)

Essex Investment Management Co. LLC bought a new stake in shares of Frontdoor, Inc. (NASDAQ:FTDR - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 33,617 shares of the company's stock, valued at approximately $1,184,000.

A number of other large investors have also recently modified their holdings of FTDR. Financial Management Professionals Inc. bought a new stake in shares of Frontdoor during the 4th quarter valued at about $49,000. Parkside Financial Bank & Trust boosted its stake in Frontdoor by 9,892.9% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,399 shares of the company's stock worth $49,000 after acquiring an additional 1,385 shares in the last quarter. Acadian Asset Management LLC bought a new stake in Frontdoor during the third quarter worth about $88,000. Headlands Technologies LLC bought a new stake in Frontdoor during the fourth quarter worth about $145,000. Finally, CI Investments Inc. bought a new stake in Frontdoor during the third quarter worth about $150,000.

Wall Street Analyst Weigh In

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

Frontdoor Stock Down 0.6 %

Shares of NASDAQ FTDR traded down $0.22 during midday trading on Wednesday, hitting $36.59. The stock had a trading volume of 574,482 shares, compared to its average volume of 745,175. The business's 50 day moving average is $32.05 and its 200-day moving average is $33.13. The company has a market cap of $2.85 billion, a P/E ratio of 16.05 and a beta of 0.89. Frontdoor, Inc. has a 52 week low of $28.25 and a 52 week high of $38.97. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 3.54.

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

Frontdoor 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.