Scientech Research LLC Takes Position in Frontdoor, Inc. (NASDAQ:FTDR)

Scientech Research LLC acquired a new stake in shares of Frontdoor, Inc. (NASDAQ:FTDR) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 25,035 shares of the company’s stock, valued at approximately $846,000.

Other large investors also recently bought and sold shares of the company. GAMMA Investing LLC raised its holdings in Frontdoor by 90.7% in the second quarter. GAMMA Investing LLC now owns 879 shares of the company’s stock worth $30,000 after purchasing an additional 418 shares in the last quarter. Isthmus Partners LLC raised its stake in shares of Frontdoor by 0.5% during the 2nd quarter. Isthmus Partners LLC now owns 110,249 shares of the company’s stock worth $37,000 after acquiring an additional 603 shares in the last quarter. Covestor Ltd raised its stake in shares of Frontdoor by 288.6% during the 1st quarter. Covestor Ltd now owns 1,154 shares of the company’s stock worth $38,000 after acquiring an additional 857 shares in the last quarter. C M Bidwell & Associates Ltd. purchased a new stake in Frontdoor during the fourth quarter valued at approximately $71,000. Finally, nVerses Capital LLC acquired a new stake in Frontdoor in the second quarter valued at approximately $128,000.

Frontdoor Price Performance

NASDAQ FTDR opened at $48.62 on Friday. The company has a market cap of $3.78 billion, a price-to-earnings ratio of 21.32 and a beta of 1.04. The company has a debt-to-equity ratio of 2.66, a current ratio of 1.27 and a quick ratio of 1.27. The stock’s fifty day moving average price is $45.71 and its 200 day moving average price is $37.87. Frontdoor, Inc. has a 1 year low of $28.25 and a 1 year high of $49.43.

Frontdoor (NASDAQ:FTDR) last announced its quarterly earnings data on Thursday, August 1st. The company reported $1.27 earnings per share for the quarter, beating analysts’ consensus estimates of $1.00 by $0.27. Frontdoor had a return on equity of 132.94% and a net margin of 11.38%. The business had revenue of $542.00 million for the quarter, compared to analyst estimates of $536.74 million. During the same period in the prior year, the company earned $0.87 earnings per share. The company’s revenue was up 3.6% on a year-over-year basis. As a group, equities research analysts forecast that Frontdoor, Inc. will post 2.79 earnings per share for the current year.

Wall Street Analyst Weigh In

FTDR has been the topic of a number of recent analyst reports. Truist Financial upped their price target on Frontdoor from $45.00 to $56.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. JPMorgan Chase & Co. upped their target price on Frontdoor from $45.00 to $55.00 and gave the company an “overweight” rating in a research report on Monday, August 12th. William Blair upgraded Frontdoor from a “market perform” rating to an “outperform” rating in a research note on Friday, August 2nd. Finally, The Goldman Sachs Group boosted their price target on Frontdoor from $33.00 to $41.00 and gave the stock a “sell” rating in a research note on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average 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.