Short Interest in Frontdoor, Inc. (NASDAQ:FTDR) Decreases By 10.3%

Frontdoor, Inc. (NASDAQ:FTDR - Get Free Report) was the recipient of a large decrease in short interest in November. As of November 30th, there was short interest totalling 2,530,000 shares, a decrease of 10.3% from the November 15th total of 2,820,000 shares. Currently, 3.4% of the company's shares are sold short. Based on an average daily trading volume, of 585,100 shares, the short-interest ratio is presently 4.3 days.

Analyst Ratings Changes

A number of research firms recently commented on FTDR. Truist Financial increased their price target on Frontdoor from $56.00 to $58.00 and gave the company a "buy" rating in a research report on Tuesday, November 5th. 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 report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $49.50.

Insiders Place Their Bets

In related news, SVP Kathryn M. Collins sold 25,784 shares of the stock in a transaction 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 transaction, the senior vice president now directly owns 9,429 shares in the company, valued at $547,447.74. This trade represents a 73.22 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Evan Iverson sold 16,000 shares of the stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $58.84, for a total value of $941,440.00. Following the completion of the sale, the chief operating officer now directly owns 4,955 shares of the company's stock, 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.

Institutional Investors Weigh In On Frontdoor

Large investors have recently added to or reduced their stakes in the company. Exchange Traded Concepts LLC purchased a new stake in Frontdoor in the 3rd quarter worth about $27,000. V Square Quantitative Management LLC purchased a new stake in Frontdoor in the 3rd quarter worth about $31,000. Isthmus Partners LLC increased its holdings in Frontdoor by 0.5% in the 2nd quarter. Isthmus Partners LLC now owns 110,249 shares of the company's stock worth $37,000 after acquiring an additional 603 shares during the last quarter. Quarry LP increased its holdings in Frontdoor by 468.1% in the 2nd quarter. Quarry LP now owns 1,085 shares of the company's stock worth $37,000 after acquiring an additional 894 shares during the last quarter. Finally, TD Private Client Wealth LLC purchased a new stake in Frontdoor in the 3rd quarter worth about $68,000.

Frontdoor Stock Performance

Shares of Frontdoor stock traded down $0.15 during trading hours on Tuesday, hitting $57.62. 500,851 shares of the company's stock traded hands, compared to its average volume of 702,433. Frontdoor has a 12-month low of $29.41 and a 12-month high of $60.42. The stock has a market capitalization of $4.37 billion, a price-to-earnings ratio of 19.08 and a beta of 1.08. The company has a fifty day simple moving average of $54.67 and a 200-day simple moving average of $46.26. 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 announced its earnings results 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 firm had revenue of $540.00 million during the quarter, compared to analyst estimates of $541.88 million. During the same period last year, the firm posted $0.94 EPS. The business's revenue was up 3.1% compared to the same quarter last year. Equities research analysts anticipate that Frontdoor will post 3.14 EPS 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.