Intech Investment Management LLC Buys 28,012 Shares of Frontdoor, Inc. (NASDAQ:FTDR)

Intech Investment Management LLC grew its position in Frontdoor, Inc. (NASDAQ:FTDR - Free Report) by 129.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 49,709 shares of the company's stock after purchasing an additional 28,012 shares during the period. Intech Investment Management LLC owned about 0.07% of Frontdoor worth $2,718,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. USA Financial Formulas bought a new position in Frontdoor during the fourth quarter valued at approximately $60,000. TD Private Client Wealth LLC bought a new position in shares of Frontdoor during the 3rd quarter valued at $68,000. Blue Trust Inc. lifted its stake in shares of Frontdoor by 315.3% in the 4th quarter. Blue Trust Inc. now owns 1,632 shares of the company's stock valued at $89,000 after purchasing an additional 1,239 shares during the last quarter. Nkcfo LLC bought a new stake in Frontdoor in the fourth quarter worth $96,000. Finally, GAMMA Investing LLC increased its position in Frontdoor by 26.0% during the fourth quarter. GAMMA Investing LLC now owns 2,100 shares of the company's stock worth $115,000 after buying an additional 433 shares during the last quarter.

Analyst Ratings Changes

Several research firms have recently issued reports on FTDR. The Goldman Sachs Group decreased their price target on Frontdoor from $46.00 to $40.00 and set a "sell" rating for the company in a research note on Monday, March 3rd. Truist Financial increased their price target on Frontdoor from $58.00 to $67.00 and gave the company a "buy" rating in a report on Friday, February 14th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Frontdoor presently has a consensus rating of "Hold" and a consensus price target of $50.25.

Remove Ads

Frontdoor Stock Performance

Shares of NASDAQ FTDR traded up $1.07 during trading hours on Monday, hitting $39.16. 544,656 shares of the company's stock were exchanged, compared to its average volume of 686,747. The company's 50-day moving average price is $52.25 and its 200-day moving average price is $52.86. Frontdoor, Inc. has a 1-year low of $29.41 and a 1-year high of $63.49. The stock has a market capitalization of $2.93 billion, a price-to-earnings ratio of 12.97 and a beta of 1.18. The company has a debt-to-equity ratio of 2.16, a current ratio of 1.42 and a quick ratio of 1.42.

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.