Atria Investments Inc Invests $315,000 in Frontdoor, Inc. (NASDAQ:FTDR)

Atria Investments Inc purchased a new stake in Frontdoor, Inc. (NASDAQ:FTDR) during the third quarter, HoldingsChannel reports. The institutional investor purchased 6,569 shares of the company’s stock, valued at approximately $315,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. State Board of Administration of Florida Retirement System boosted its position in Frontdoor by 31.5% in the first quarter. State Board of Administration of Florida Retirement System now owns 30,913 shares of the company’s stock valued at $1,007,000 after buying an additional 7,410 shares in the last quarter. Vanguard Group Inc. boosted 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 valued at $331,636,000 after acquiring an additional 373,091 shares in the last quarter. Covestor Ltd boosted its holdings in shares of Frontdoor by 288.6% during the 1st quarter. Covestor Ltd now owns 1,154 shares of the company’s stock valued at $38,000 after acquiring an additional 857 shares in the last quarter. CANADA LIFE ASSURANCE Co grew its position in Frontdoor by 22.7% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 125,556 shares of the company’s stock worth $4,092,000 after acquiring an additional 23,194 shares during the last quarter. Finally, LRI Investments LLC acquired a new position in Frontdoor in the 1st quarter worth about $223,000.

Frontdoor Price Performance

Frontdoor stock opened at $58.46 on Friday. The firm has a market cap of $4.43 billion, a P/E ratio of 19.36 and a beta of 1.03. The stock’s 50 day moving average is $51.09 and its 200 day moving average is $43.42. 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 one year low of $29.41 and a one year high of $59.01.

Frontdoor (NASDAQ:FTDR) last issued its quarterly earnings results on Monday, November 4th. The company reported $1.38 earnings per share for the quarter, topping analysts’ consensus estimates of $1.05 by $0.33. Frontdoor had a return on equity of 132.99% and a net margin of 12.87%. The firm had revenue of $540.00 million during the quarter, compared to the consensus estimate of $541.88 million. During the same period last year, the business posted $0.94 EPS. The business’s revenue was up 3.1% compared to the same quarter last year. As a group, research analysts expect that Frontdoor, Inc. will post 3.14 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have recently commented on FTDR. The Goldman Sachs Group lifted their price target on Frontdoor from $41.00 to $46.00 and gave the company a “sell” rating in a research note on Tuesday, November 5th. Truist Financial lifted their target price on shares of Frontdoor from $56.00 to $58.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. William Blair upgraded shares of Frontdoor from a “market perform” rating to an “outperform” rating in a research report on Friday, August 2nd. Finally, JPMorgan Chase & Co. raised their price target on shares of Frontdoor from $45.00 to $55.00 and gave the company an “overweight” rating in a research note on Monday, August 12th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $49.50.

About Frontdoor

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.