Frontdoor, Inc. (NASDAQ:FTDR) Shares Sold by Summit Global Investments

Summit Global Investments lessened its stake in shares of Frontdoor, Inc. (NASDAQ:FTDR - Free Report) by 26.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 30,242 shares of the company's stock after selling 11,090 shares during the period. Summit Global Investments' holdings in Frontdoor were worth $1,451,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of FTDR. Millennium Management LLC lifted its position in shares of Frontdoor by 440.4% in the second quarter. Millennium Management LLC now owns 908,904 shares of the company's stock valued at $30,712,000 after acquiring an additional 740,711 shares in the last quarter. Swedbank AB lifted its position in shares of Frontdoor by 112.7% in the second quarter. Swedbank AB now owns 1,210,600 shares of the company's stock worth $40,906,000 after buying an additional 641,476 shares in the last quarter. Boston Partners lifted its position in shares of Frontdoor by 8.9% in the first quarter. Boston Partners now owns 6,198,543 shares of the company's stock worth $201,662,000 after buying an additional 506,217 shares in the last quarter. Invenomic Capital Management LP lifted its position in shares of Frontdoor by 57.3% in the first quarter. Invenomic Capital Management LP now owns 1,072,445 shares of the company's stock worth $34,940,000 after buying an additional 390,610 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of Frontdoor by 3.8% in the first quarter. Vanguard Group Inc. now owns 10,179,139 shares of the company's stock worth $331,636,000 after buying an additional 373,091 shares in the last quarter.

Analyst Upgrades and Downgrades

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

Frontdoor Stock Up 2.5 %

Frontdoor stock traded up $1.40 during mid-day trading on Friday, reaching $58.39. 581,326 shares of the company were exchanged, compared to its average volume of 689,385. The business has a fifty day moving average of $49.61 and a 200 day moving average of $41.90. The company has a debt-to-equity ratio of 2.16, a quick ratio of 1.27 and a current ratio of 1.42. The firm has a market cap of $4.43 billion, a P/E ratio of 19.33 and a beta of 1.03. Frontdoor, Inc. has a 12-month low of $29.41 and a 12-month high of $58.83.

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 return on equity of 132.99% and a net margin of 12.87%. The company had revenue of $540.00 million during the quarter, compared to analyst estimates of $541.88 million. During the same quarter in the prior year, the business earned $0.94 earnings per share. Frontdoor's revenue was up 3.1% on a year-over-year basis. Research analysts anticipate that Frontdoor, Inc. will post 3.04 earnings per share 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.