Meeder Asset Management Inc. Purchases 19,277 Shares of Frontdoor, Inc. (NASDAQ:FTDR)

Meeder Asset Management Inc. increased its stake in Frontdoor, Inc. (NASDAQ:FTDR - Free Report) by 362.8% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 24,590 shares of the company's stock after acquiring an additional 19,277 shares during the quarter. Meeder Asset Management Inc.'s holdings in Frontdoor were worth $1,180,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of FTDR. Exchange Traded Concepts LLC acquired a new stake in Frontdoor in the third quarter valued at approximately $27,000. V Square Quantitative Management LLC acquired a new stake in shares of Frontdoor during the 3rd quarter valued at approximately $31,000. GAMMA Investing LLC grew its stake in Frontdoor by 90.7% in the 2nd quarter. GAMMA Investing LLC now owns 879 shares of the company's stock valued at $30,000 after acquiring an additional 418 shares during the last quarter. Quarry LP raised its holdings in shares of Frontdoor by 468.1% in the second 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, Covestor Ltd grew its stake in Frontdoor by 288.6% in the 1st quarter. Covestor Ltd now owns 1,154 shares of the company's stock worth $38,000 after acquiring an additional 857 shares during the period.

Wall Street Analyst Weigh In

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

Frontdoor Stock Up 4.1 %

NASDAQ FTDR traded up $2.22 on Wednesday, reaching $56.32. The company had a trading volume of 429,778 shares, compared to its average volume of 716,344. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 2.16. The stock has a market capitalization of $4.27 billion, a P/E ratio of 18.65 and a beta of 1.03. The company's fifty day moving average is $50.90 and its 200 day moving average is $43.32. Frontdoor, Inc. has a 52-week low of $29.41 and a 52-week high of $58.86.

Frontdoor (NASDAQ:FTDR - Get Free Report) last announced 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 return on equity of 132.99% and a net margin of 12.87%. The business had revenue of $540.00 million for the quarter, compared to analyst estimates of $541.88 million. During the same period in the prior year, the company earned $0.94 EPS. The company's quarterly revenue was up 3.1% compared to the same quarter last year. Sell-side analysts anticipate that Frontdoor, Inc. will post 3.14 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.