Tidal Investments LLC Raises Stake in Frontdoor, Inc. (NASDAQ:FTDR)

Tidal Investments LLC grew its stake in shares of Frontdoor, Inc. (NASDAQ:FTDR - Free Report) by 36.0% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 42,918 shares of the company's stock after buying an additional 11,369 shares during the quarter. Tidal Investments LLC owned 0.06% of Frontdoor worth $2,060,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Exchange Traded Concepts LLC bought a new stake in Frontdoor in the 3rd quarter worth approximately $27,000. V Square Quantitative Management LLC bought a new stake in shares of Frontdoor in the 3rd quarter worth approximately $31,000. Isthmus Partners LLC lifted its holdings in shares of 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 boosted its stake in shares of Frontdoor by 468.1% in the 2nd quarter. Quarry LP now owns 1,085 shares of the company's stock valued at $37,000 after purchasing an additional 894 shares in the last quarter. Finally, TD Private Client Wealth LLC bought a new position in shares of Frontdoor during the 3rd quarter valued at $68,000.

Frontdoor Trading Down 0.3 %

FTDR traded down $0.15 during trading on Tuesday, hitting $57.62. 500,856 shares of the stock traded hands, compared to its average volume of 702,433. The firm has a market capitalization of $4.37 billion, a P/E ratio of 19.08 and a beta of 1.08. Frontdoor, Inc. has a 12-month low of $29.41 and a 12-month high of $60.42. 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 firm has a 50-day moving average of $54.67 and a 200 day moving average of $46.26.

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 company had revenue of $540.00 million during the quarter, compared to analyst estimates of $541.88 million. During the same period in the prior year, the business posted $0.94 earnings per share. Frontdoor's revenue for the quarter was up 3.1% on a year-over-year basis. Equities research analysts anticipate that Frontdoor, Inc. will post 3.14 EPS for the current year.

Analyst Upgrades and Downgrades

FTDR has been the subject of several recent research reports. The Goldman Sachs Group boosted their price target 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. Truist Financial boosted their target price on Frontdoor from $56.00 to $58.00 and gave the company a "buy" rating in a research note on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Frontdoor presently has a consensus rating of "Hold" and a consensus target price of $49.50.

Insider Activity

In other Frontdoor news, COO Evan Iverson sold 16,000 shares of the firm's stock in a transaction dated 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 in the company, valued at $291,552.20. This trade represents a 76.35 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Kathryn M. Collins sold 25,784 shares of Frontdoor stock in a transaction that occurred on Tuesday, December 10th. The shares were 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. The trade was a 73.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.29% of the company's stock.

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.