Frontdoor, Inc. (NASDAQ:FTDR) Shares Acquired by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC increased its stake in Frontdoor, Inc. (NASDAQ:FTDR - Free Report) by 37.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 41,971 shares of the company's stock after buying an additional 11,385 shares during the period. Janney Montgomery Scott LLC owned about 0.06% of Frontdoor worth $2,295,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in FTDR. Exchange Traded Concepts LLC acquired a new stake in shares of Frontdoor in the 3rd quarter valued at about $27,000. V Square Quantitative Management LLC acquired a new stake in Frontdoor during the third quarter valued at approximately $31,000. Quarry LP raised its stake in Frontdoor by 468.1% during the second quarter. Quarry LP now owns 1,085 shares of the company's stock valued at $37,000 after buying an additional 894 shares in the last quarter. USA Financial Formulas bought a new position in Frontdoor during the 4th quarter worth approximately $60,000. Finally, TD Private Client Wealth LLC acquired a new position in shares of Frontdoor in the 3rd quarter worth approximately $68,000.

Frontdoor Stock Performance

NASDAQ:FTDR traded up $1.11 during midday trading on Wednesday, reaching $60.84. 586,396 shares of the company traded hands, compared to its average volume of 707,952. The firm has a market capitalization of $4.61 billion, a price-to-earnings ratio of 20.15 and a beta of 1.08. The company has a fifty day moving average price of $57.60 and a 200 day moving average price of $51.91. 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, Inc. has a twelve month low of $29.41 and a twelve month high of $63.49.

Frontdoor (NASDAQ:FTDR - Get Free Report) last released its quarterly earnings results on Monday, November 4th. The company reported $1.38 EPS for the quarter, topping the consensus estimate of $1.05 by $0.33. The business had revenue of $540.00 million during the quarter, compared to analyst estimates of $541.88 million. Frontdoor had a net margin of 12.87% and a return on equity of 132.99%. The company's quarterly revenue was up 3.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.94 earnings per share. On average, analysts expect that Frontdoor, Inc. will post 3.15 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

FTDR has been the topic of several research analyst reports. The Goldman Sachs Group raised their price objective on Frontdoor from $41.00 to $46.00 and gave the stock a "sell" rating in a research note on Tuesday, November 5th. Truist Financial raised their price target on shares of Frontdoor from $56.00 to $58.00 and gave the stock a "buy" rating in a research report on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $49.50.

Insider Buying and Selling at Frontdoor

In other Frontdoor news, COO Evan Iverson sold 16,000 shares of the business's stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $58.84, for a total transaction of $941,440.00. Following the completion of the transaction, the chief operating officer now owns 4,955 shares in the company, valued at approximately $291,552.20. The trade was a 76.35 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Kathryn M. Collins sold 25,784 shares of the firm's stock in a transaction 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 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 ownership of the stock. The disclosure for this sale can be found here. 0.89% of the stock is currently owned by company insiders.

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.