Frontdoor (NASDAQ:FTDR) Given New $67.00 Price Target at Truist Financial

Frontdoor (NASDAQ:FTDR - Get Free Report) had its price objective hoisted by investment analysts at Truist Financial from $58.00 to $67.00 in a research report issued on Friday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. Truist Financial's price objective would indicate a potential upside of 12.85% from the company's previous close.

Separately, The Goldman Sachs Group increased their price target on shares of Frontdoor from $41.00 to $46.00 and gave the stock a "sell" rating in a 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 given a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $51.75.

Frontdoor Stock Performance

Frontdoor stock traded down $0.09 during mid-day trading on Friday, reaching $59.37. 596,627 shares of the company were exchanged, compared to its average volume of 634,546. The firm's 50-day simple moving average is $57.69 and its two-hundred day simple moving average is $53.23. Frontdoor has a twelve month low of $29.41 and a twelve month high of $63.49. The firm has a market cap of $4.50 billion, a PE ratio of 19.66 and a beta of 1.08. The company has a debt-to-equity ratio of 2.16, a quick ratio of 1.42 and a current ratio of 1.42.

Insider Buying and Selling at Frontdoor

In related news, COO Evan Iverson sold 16,000 shares of Frontdoor stock in a transaction dated 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 sale, the chief operating officer now owns 4,955 shares in the company, valued at approximately $291,552.20. This trade represents a 76.35 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Kathryn M. Collins sold 25,784 shares of the business'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 completion of the transaction, the senior vice president now owns 9,429 shares of the company's stock, 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. 0.29% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Frontdoor

A number of hedge funds have recently made changes to their positions in the stock. Exchange Traded Concepts LLC purchased a new position in shares of Frontdoor in the 3rd quarter worth $27,000. V Square Quantitative Management LLC acquired a new stake in Frontdoor during the third quarter worth about $31,000. Bessemer Group Inc. increased its stake in Frontdoor by 514.7% during the fourth quarter. Bessemer Group Inc. now owns 627 shares of the company's stock worth $34,000 after acquiring an additional 525 shares during the last quarter. USA Financial Formulas purchased a new position in shares of Frontdoor in the 4th quarter worth about $60,000. Finally, TD Private Client Wealth LLC acquired a new position in shares of Frontdoor in the 3rd quarter valued at about $68,000.

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.