Tower Research Capital LLC TRC Decreases Stock Position in Frontdoor, Inc. (NASDAQ:FTDR)

Tower Research Capital LLC TRC cut its holdings in Frontdoor, Inc. (NASDAQ:FTDR - Free Report) by 83.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,252 shares of the company's stock after selling 6,197 shares during the quarter. Tower Research Capital LLC TRC's holdings in Frontdoor were worth $68,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of FTDR. Blue Trust Inc. increased its stake in Frontdoor by 315.3% in the fourth quarter. Blue Trust Inc. now owns 1,632 shares of the company's stock valued at $89,000 after purchasing an additional 1,239 shares during the last quarter. Oppenheimer & Co. Inc. acquired a new position in shares of Frontdoor during the 4th quarter valued at about $467,000. Atria Investments Inc increased its stake in shares of Frontdoor by 4.9% during the 4th quarter. Atria Investments Inc now owns 6,894 shares of the company's stock valued at $377,000 after acquiring an additional 325 shares during the last quarter. Caprock Group LLC purchased a new position in shares of Frontdoor during the 4th quarter worth about $208,000. Finally, Patriot Financial Group Insurance Agency LLC acquired a new stake in shares of Frontdoor in the fourth quarter worth approximately $222,000.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. The Goldman Sachs Group cut their price target on shares of Frontdoor from $46.00 to $40.00 and set a "sell" rating on the stock in a research note on Monday, March 3rd. JPMorgan Chase & Co. lowered Frontdoor from an "overweight" rating to a "neutral" rating and cut their target price for the stock from $58.00 to $40.00 in a research report on Tuesday, April 22nd. Finally, Truist Financial boosted their price target on Frontdoor from $58.00 to $67.00 and gave the company a "buy" rating in a research report on Friday, February 14th.

Frontdoor Trading Down 0.0%

NASDAQ FTDR traded down $0.02 during mid-day trading on Friday, hitting $55.04. The company's stock had a trading volume of 93,660 shares, compared to its average volume of 737,445. The firm has a market capitalization of $4.05 billion, a P/E ratio of 18.24 and a beta of 1.21. The company has a debt-to-equity ratio of 2.16, a current ratio of 1.42 and a quick ratio of 1.42. Frontdoor, Inc. has a 52-week low of $32.95 and a 52-week high of $63.49. The stock's fifty day simple moving average is $42.03 and its two-hundred day simple moving average is $51.11.

Frontdoor (NASDAQ:FTDR - Get Free Report) last released its quarterly earnings data 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 during the quarter, compared to analyst estimates of $416.37 million. Frontdoor had a net margin of 12.87% and a return on equity of 132.99%. The business's quarterly revenue was up 12.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.44 earnings per share. Research analysts expect that Frontdoor, Inc. will post 3.07 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.