Baader Bank Aktiengesellschaft Buys Shares of 4,600 Frontdoor, Inc. (NASDAQ:FTDR)

Baader Bank Aktiengesellschaft bought a new position in shares of Frontdoor, Inc. (NASDAQ:FTDR - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 4,600 shares of the company's stock, valued at approximately $251,000.

Several other institutional investors have also recently made changes to their positions in FTDR. Exchange Traded Concepts LLC bought a new position in Frontdoor during the third quarter valued at approximately $27,000. V Square Quantitative Management LLC bought a new position in Frontdoor during the third quarter valued at approximately $31,000. Quarry LP boosted its stake in Frontdoor by 468.1% during the second quarter. Quarry LP now owns 1,085 shares of the company's stock valued at $37,000 after buying an additional 894 shares during the last quarter. USA Financial Formulas bought a new position in Frontdoor during the fourth quarter valued at approximately $60,000. Finally, TD Private Client Wealth LLC bought a new position in Frontdoor during the third quarter valued at approximately $68,000.

Insider Transactions at Frontdoor

In other news, SVP Kathryn M. Collins sold 25,784 shares of the stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $58.06, for a total value of $1,497,019.04. Following the sale, the senior vice president now directly owns 9,429 shares in the company, valued at approximately $547,447.74. This represents a 73.22 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Evan Iverson sold 16,000 shares of the firm's 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 transaction, the chief operating officer now owns 4,955 shares in the company, valued at $291,552.20. The trade was a 76.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.29% of the company's stock.

Frontdoor Trading Down 3.0 %

Shares of NASDAQ:FTDR traded down $1.79 during trading on Monday, hitting $58.10. The company had a trading volume of 957,783 shares, compared to its average volume of 692,932. The stock has a market cap of $4.40 billion, a price-to-earnings ratio of 19.30 and a beta of 1.08. Frontdoor, Inc. has a one year low of $29.41 and a one year high of $63.49. The company has a fifty day simple moving average of $57.55 and a two-hundred day simple moving average of $51.54. 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 (NASDAQ:FTDR - Get Free Report) last posted its quarterly earnings data on Monday, November 4th. The company reported $1.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.33. Frontdoor had a return on equity of 132.99% and a net margin of 12.87%. The business had revenue of $540.00 million during the quarter, compared to analyst estimates of $541.88 million. During the same period last year, the company earned $0.94 EPS. The company's revenue for the quarter was up 3.1% on a year-over-year basis. As a group, equities analysts forecast that Frontdoor, Inc. will post 3.15 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. The Goldman Sachs Group increased 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 raised their price objective on Frontdoor from $56.00 to $58.00 and gave the company a "buy" 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 assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target 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.