Proficio Capital Partners LLC Purchases New Stake in Frontdoor, Inc. (NASDAQ:FTDR)

Proficio Capital Partners LLC purchased a new stake in shares of Frontdoor, Inc. (NASDAQ:FTDR) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 40,674 shares of the company’s stock, valued at approximately $2,224,000. Proficio Capital Partners LLC owned approximately 0.05% of Frontdoor at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in FTDR. Meeder Asset Management Inc. increased its position in Frontdoor by 362.8% in the third quarter. Meeder Asset Management Inc. now owns 24,590 shares of the company’s stock worth $1,180,000 after buying an additional 19,277 shares during the period. Verition Fund Management LLC increased its position in Frontdoor by 255.5% in the third quarter. Verition Fund Management LLC now owns 21,757 shares of the company’s stock worth $1,044,000 after buying an additional 15,637 shares during the period. Atria Investments Inc acquired a new stake in Frontdoor in the third quarter worth $315,000. Geode Capital Management LLC increased its position in Frontdoor by 3.7% in the third quarter. Geode Capital Management LLC now owns 2,113,474 shares of the company’s stock worth $101,442,000 after buying an additional 74,542 shares during the period. Finally, Blue Trust Inc. increased its position in Frontdoor by 315.3% in the fourth quarter. Blue Trust Inc. now owns 1,632 shares of the company’s stock worth $89,000 after buying an additional 1,239 shares during the period.

Insider Transactions at Frontdoor

In related news, COO Evan Iverson sold 16,000 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $58.84, for a total transaction of $941,440.00. Following the completion of the transaction, the chief operating officer now owns 4,955 shares of the company’s stock, valued at $291,552.20. This trade represents a 76.35 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Kathryn M. Collins sold 25,784 shares of the firm’s stock in a transaction dated 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 transaction, the senior vice president now directly owns 9,429 shares of the company’s stock, valued at $547,447.74. This 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.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on FTDR shares. Truist Financial increased their target price on Frontdoor from $58.00 to $67.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. The Goldman Sachs Group dropped their target price on Frontdoor from $46.00 to $40.00 and set a “sell” rating on the stock in a research report on Monday. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $50.25.

Frontdoor Trading Down 0.0 %

NASDAQ:FTDR opened at $42.05 on Thursday. Frontdoor, Inc. has a 1 year low of $29.41 and a 1 year high of $63.49. The stock has a market cap of $3.14 billion, a price-to-earnings ratio of 13.92 and a beta of 1.18. The business has a fifty day moving average of $56.66 and a 200-day moving average of $53.71. The company has a debt-to-equity ratio of 2.16, a quick ratio of 1.42 and a current ratio of 1.42.

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.