Farther Finance Advisors LLC Has $510,000 Holdings in Frontdoor, Inc. (NASDAQ:FTDR)

Farther Finance Advisors LLC lifted its position in shares of Frontdoor, Inc. (NASDAQ:FTDR) by 5,840.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,634 shares of the company’s stock after purchasing an additional 10,455 shares during the quarter. Farther Finance Advisors LLC’s holdings in Frontdoor were worth $510,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Frontdoor by 3.8% during the 1st quarter. Vanguard Group Inc. now owns 10,179,139 shares of the company’s stock worth $331,636,000 after purchasing an additional 373,091 shares in the last quarter. Boston Partners grew its holdings in shares of Frontdoor by 8.9% during the 1st quarter. Boston Partners now owns 6,198,543 shares of the company’s stock worth $201,662,000 after purchasing an additional 506,217 shares in the last quarter. Reinhart Partners LLC. grew its holdings in shares of Frontdoor by 1.8% during the 2nd quarter. Reinhart Partners LLC. now owns 2,330,937 shares of the company’s stock worth $78,762,000 after purchasing an additional 42,169 shares in the last quarter. Victory Capital Management Inc. grew its holdings in shares of Frontdoor by 8.7% during the 2nd quarter. Victory Capital Management Inc. now owns 2,176,056 shares of the company’s stock worth $73,529,000 after purchasing an additional 173,624 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Frontdoor by 5.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,787,539 shares of the company’s stock worth $60,402,000 after purchasing an additional 89,301 shares in the last quarter.

Frontdoor Price Performance

Frontdoor stock opened at $57.34 on Thursday. The company has a debt-to-equity ratio of 2.16, a quick ratio of 1.27 and a current ratio of 1.42. The firm has a market cap of $4.39 billion, a P/E ratio of 18.99 and a beta of 1.03. The business’s fifty day moving average is $49.22 and its two-hundred day moving average is $41.61. Frontdoor, Inc. has a 52 week low of $29.41 and a 52 week high of $57.49.

Frontdoor (NASDAQ:FTDR) last posted its quarterly earnings data on Monday, November 4th. The company reported $1.38 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.33. The company had revenue of $540.00 million for the quarter, compared to analyst estimates of $541.88 million. Frontdoor had a return on equity of 132.99% and a net margin of 12.87%. The business’s revenue was up 3.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.94 earnings per share. Equities research analysts forecast that Frontdoor, Inc. will post 2.79 earnings per share for the current fiscal year.

Analyst Ratings Changes

FTDR has been the topic of several recent analyst reports. William Blair raised Frontdoor from a “market perform” rating to an “outperform” rating in a research note on Friday, August 2nd. Truist Financial boosted their price target on Frontdoor from $56.00 to $58.00 and gave the company a “buy” rating in a research note on Tuesday. JPMorgan Chase & Co. boosted their price target on Frontdoor from $45.00 to $55.00 and gave the company an “overweight” rating in a research note on Monday, August 12th. Finally, The Goldman Sachs Group boosted their price target on Frontdoor from $41.00 to $46.00 and gave the company a “sell” rating in a research note on Tuesday. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $49.50.

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.