Farther Finance Advisors LLC Purchases 10,455 Shares of Frontdoor, Inc. (NASDAQ:FTDR)

Farther Finance Advisors LLC grew its stake in Frontdoor, Inc. (NASDAQ:FTDR - Free Report) by 5,840.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,634 shares of the company's stock after buying an additional 10,455 shares during the quarter. Farther Finance Advisors LLC's holdings in Frontdoor were worth $510,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Commonwealth Equity Services LLC bought a new position in Frontdoor in the 1st quarter worth $549,000. Janney Montgomery Scott LLC boosted its stake in shares of Frontdoor by 288.6% in the first quarter. Janney Montgomery Scott LLC now owns 29,807 shares of the company's stock worth $971,000 after acquiring an additional 22,136 shares during the period. Central Pacific Bank Trust Division purchased a new stake in shares of Frontdoor during the first quarter worth about $180,000. GSA Capital Partners LLP raised its stake in Frontdoor by 188.5% during the 1st quarter. GSA Capital Partners LLP now owns 31,581 shares of the company's stock valued at $1,029,000 after purchasing an additional 20,635 shares during the period. Finally, Texas Permanent School Fund Corp lifted its holdings in Frontdoor by 1.3% in the 1st quarter. Texas Permanent School Fund Corp now owns 69,684 shares of the company's stock worth $2,270,000 after purchasing an additional 905 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. William Blair raised shares of Frontdoor from a "market perform" rating to an "outperform" rating in a report on Friday, August 2nd. The Goldman Sachs Group raised their target price on shares of Frontdoor from $41.00 to $46.00 and gave the company a "sell" rating in a research note on Tuesday. Truist Financial boosted their price target on shares of Frontdoor from $56.00 to $58.00 and gave the stock a "buy" rating in a research note on Tuesday. Finally, JPMorgan Chase & Co. raised their price objective on Frontdoor from $45.00 to $55.00 and gave the company an "overweight" rating in a research report on Monday, August 12th. 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, the stock presently has an average rating of "Hold" and an average price target of $49.50.

Frontdoor Price Performance

FTDR traded down $0.35 during trading hours on Thursday, hitting $56.99. The company's stock had a trading volume of 755,575 shares, compared to its average volume of 727,417. The stock has a market cap of $4.36 billion, a price-to-earnings ratio of 18.87 and a beta of 1.03. The business's 50-day moving average price is $49.41 and its 200-day moving average price is $41.71. The company has a current ratio of 1.42, a quick ratio of 1.27 and a debt-to-equity ratio of 2.16. Frontdoor, Inc. has a 12 month low of $29.41 and a 12 month high of $58.17.

Frontdoor (NASDAQ:FTDR - Get Free Report) last posted its 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 net margin of 12.87% and a return on equity of 132.99%. The firm had revenue of $540.00 million for the quarter, compared to the consensus estimate of $541.88 million. During the same period in the previous year, the firm posted $0.94 EPS. The business's quarterly revenue was up 3.1% on a year-over-year basis. Sell-side analysts expect that Frontdoor, Inc. will post 2.79 earnings per share for the current fiscal year.

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.