4,673 Shares in Frontdoor, Inc. (NASDAQ:FTDR) Acquired by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC acquired a new position in shares of Frontdoor, Inc. (NASDAQ:FTDR) during the 3rd quarter, Holdings Channel reports. The fund acquired 4,673 shares of the company’s stock, valued at approximately $224,000.

Several other hedge funds and other institutional investors have also bought and sold shares of FTDR. Commonwealth Equity Services LLC bought a new position in Frontdoor during the 1st quarter worth approximately $549,000. Janney Montgomery Scott LLC raised its holdings in Frontdoor by 288.6% during the 1st quarter. Janney Montgomery Scott LLC now owns 29,807 shares of the company’s stock worth $971,000 after buying an additional 22,136 shares during the period. Nordea Investment Management AB raised its holdings in Frontdoor by 25.2% during the 1st quarter. Nordea Investment Management AB now owns 295,885 shares of the company’s stock worth $9,631,000 after buying an additional 59,572 shares during the period. Central Pacific Bank Trust Division acquired a new stake in Frontdoor during the 1st quarter worth approximately $180,000. Finally, GSA Capital Partners LLP raised its holdings in Frontdoor by 188.5% during the 1st quarter. GSA Capital Partners LLP now owns 31,581 shares of the company’s stock worth $1,029,000 after buying an additional 20,635 shares during the period.

Frontdoor Stock Performance

Shares of FTDR stock opened at $49.74 on Wednesday. The company’s fifty day simple moving average is $48.67 and its 200-day simple moving average is $40.73. 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 cap of $3.87 billion, a PE ratio of 21.82 and a beta of 1.04. Frontdoor, Inc. has a 12 month low of $28.31 and a 12 month high of $53.10.

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

Analysts Set New Price Targets

Several analysts have commented on the stock. The Goldman Sachs Group raised their target price on shares of Frontdoor from $33.00 to $41.00 and gave the stock a “sell” rating in a report on Friday, August 2nd. William Blair upgraded shares of Frontdoor from a “market perform” rating to an “outperform” rating in a report on Friday, August 2nd. JPMorgan Chase & Co. raised their target price on shares of Frontdoor from $45.00 to $55.00 and gave the stock an “overweight” rating in a report on Monday, August 12th. Finally, Truist Financial raised their target price on shares of Frontdoor from $45.00 to $56.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target 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.