MML Investors Services LLC Makes New Investment in Frontdoor, Inc. (NASDAQ:FTDR)

MML Investors Services LLC acquired a new stake in Frontdoor, Inc. (NASDAQ:FTDR) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 7,863 shares of the company’s stock, valued at approximately $377,000.

Other hedge funds have also modified their holdings of the company. Diversified Trust Co increased its holdings in Frontdoor by 2.5% in the third quarter. Diversified Trust Co now owns 12,130 shares of the company’s stock valued at $582,000 after buying an additional 299 shares in the last quarter. CWM LLC increased its position in Frontdoor by 15.8% during the third quarter. CWM LLC now owns 2,695 shares of the company’s stock worth $129,000 after purchasing an additional 367 shares during the last quarter. Exchange Traded Concepts LLC purchased a new position in Frontdoor in the third quarter worth approximately $27,000. Isthmus Partners LLC boosted its stake in Frontdoor by 0.5% during the second quarter. Isthmus Partners LLC now owns 110,249 shares of the company’s stock worth $37,000 after buying an additional 603 shares during the period. Finally, V Square Quantitative Management LLC acquired a new position in Frontdoor during the third quarter worth $31,000.

Frontdoor Stock Up 1.8 %

Frontdoor stock opened at $56.48 on Wednesday. The stock has a 50 day moving average of $55.46 and a two-hundred day moving average of $47.10. Frontdoor, Inc. has a twelve month low of $29.41 and a twelve month high of $60.42. The stock has a market capitalization of $4.28 billion, a price-to-earnings ratio of 18.70 and a beta of 1.08. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 2.16.

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 the consensus estimate of $1.05 by $0.33. The firm had revenue of $540.00 million during the quarter, compared to the consensus estimate of $541.88 million. Frontdoor had a return on equity of 132.99% and a net margin of 12.87%. The company’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same period last year, the company earned $0.94 earnings per share. As a group, research analysts expect that Frontdoor, Inc. will post 3.14 earnings per share for the current year.

Insider Transactions at Frontdoor

In other Frontdoor news, COO Evan Iverson sold 16,000 shares of the stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $58.84, for a total value of $941,440.00. Following the completion of the transaction, the chief operating officer now owns 4,955 shares in the company, valued at approximately $291,552.20. This represents a 76.35 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Kathryn M. Collins sold 25,784 shares of the firm’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $58.06, for a total value of $1,497,019.04. Following the completion of the sale, the senior vice president now directly owns 9,429 shares of the company’s stock, valued at approximately $547,447.74. This trade represents a 73.22 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.89% of the company’s stock.

Wall Street Analysts Forecast Growth

FTDR has been the subject of several recent analyst reports. Truist Financial lifted their price objective 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. The Goldman Sachs Group increased their price target on shares of Frontdoor from $41.00 to $46.00 and gave the stock a “sell” rating in a research note on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $49.50.

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.