Frontdoor, Inc. (NASDAQ:FTDR) Shares Sold by Covestor Ltd

Covestor Ltd lowered its stake in shares of Frontdoor, Inc. (NASDAQ:FTDR) by 27.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 800 shares of the company’s stock after selling 299 shares during the quarter. Covestor Ltd’s holdings in Frontdoor were worth $38,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in FTDR. Atria Investments Inc bought a new stake in Frontdoor during the 3rd quarter valued at $315,000. QRG Capital Management Inc. raised its stake in Frontdoor by 19.4% during the 3rd quarter. QRG Capital Management Inc. now owns 8,411 shares of the company’s stock valued at $404,000 after acquiring an additional 1,364 shares in the last quarter. Harbor Capital Advisors Inc. raised its stake in Frontdoor by 84.0% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 184,408 shares of the company’s stock valued at $8,850,000 after acquiring an additional 84,167 shares in the last quarter. Farther Finance Advisors LLC raised its stake in shares of Frontdoor by 5,840.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 10,634 shares of the company’s stock worth $510,000 after buying an additional 10,455 shares in the last quarter. Finally, US Bancorp DE raised its stake in shares of Frontdoor by 1,751.2% in the 3rd quarter. US Bancorp DE now owns 6,831 shares of the company’s stock worth $328,000 after buying an additional 6,462 shares in the last quarter.

Analysts Set New Price Targets

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

Frontdoor Stock Down 1.2 %

NASDAQ FTDR opened at $54.87 on Friday. The firm has a market cap of $4.16 billion, a PE ratio of 18.17 and a beta of 1.03. The company has a debt-to-equity ratio of 2.16, a current ratio of 1.42 and a quick ratio of 1.42. The stock’s 50 day simple moving average is $50.46 and its 200 day simple moving average is $42.78. Frontdoor, Inc. has a one year low of $29.41 and a one year high of $58.86.

Frontdoor (NASDAQ:FTDR) last issued its quarterly earnings data on Monday, November 4th. The company reported $1.38 EPS for the quarter, topping the consensus estimate of $1.05 by $0.33. The business had revenue of $540.00 million for 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 firm’s revenue was up 3.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.94 EPS. As a group, sell-side analysts forecast that Frontdoor, Inc. will post 3.14 earnings per share for the current fiscal year.

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.