Frontdoor, Inc. (NASDAQ:FTDR) Position Cut by Amalgamated Bank

Amalgamated Bank trimmed its holdings in shares of Frontdoor, Inc. (NASDAQ:FTDR) by 4.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 23,885 shares of the company’s stock after selling 1,175 shares during the period. Amalgamated Bank’s holdings in Frontdoor were worth $807,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Nordea Investment Management AB increased its stake in Frontdoor by 25.2% during the 1st quarter. Nordea Investment Management AB now owns 295,885 shares of the company’s stock valued at $9,631,000 after buying an additional 59,572 shares during the period. BOKF NA acquired a new position in shares of Frontdoor during the second quarter valued at approximately $493,000. Allianz Asset Management GmbH raised its holdings in Frontdoor by 775.6% during the fourth quarter. Allianz Asset Management GmbH now owns 270,189 shares of the company’s stock worth $9,516,000 after purchasing an additional 239,333 shares in the last quarter. Norges Bank acquired a new stake in Frontdoor in the fourth quarter worth approximately $18,725,000. Finally, Goldman Sachs Group Inc. boosted its stake in Frontdoor by 44.4% during the 4th quarter. Goldman Sachs Group Inc. now owns 870,440 shares of the company’s stock valued at $30,657,000 after purchasing an additional 267,762 shares in the last quarter.

Frontdoor Trading Up 0.6 %

NASDAQ:FTDR opened at $48.62 on Friday. The stock has a fifty day simple moving average of $45.71 and a 200 day simple moving average of $37.83. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 2.66. The firm has a market capitalization of $3.78 billion, a price-to-earnings ratio of 21.32 and a beta of 1.04. Frontdoor, Inc. has a 1-year low of $28.25 and a 1-year high of $49.43.

Frontdoor (NASDAQ:FTDR) last posted its quarterly earnings data on Thursday, August 1st. The company reported $1.27 earnings per share for the quarter, topping the consensus estimate of $1.00 by $0.27. The firm had revenue of $542.00 million for the quarter, compared to analysts’ expectations of $536.74 million. Frontdoor had a net margin of 11.38% and a return on equity of 132.94%. The company’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.87 EPS. Sell-side analysts forecast that Frontdoor, Inc. will post 2.79 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have recently commented on the company. JPMorgan Chase & Co. boosted their price objective on Frontdoor from $45.00 to $55.00 and gave the stock an “overweight” rating in a research note on Monday, August 12th. William Blair raised Frontdoor from a “market perform” rating to an “outperform” rating in a report on Friday, August 2nd. Truist Financial upped their price target on shares of Frontdoor from $45.00 to $56.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Finally, The Goldman Sachs Group lifted their price objective on shares of Frontdoor from $33.00 to $41.00 and gave the stock a “sell” rating in a research note on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $47.75.

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.