Integrated Quantitative Investments LLC Purchases New Shares in Frontdoor, Inc. (NASDAQ:FTDR)

Integrated Quantitative Investments LLC bought a new stake in Frontdoor, Inc. (NASDAQ:FTDR - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 24,357 shares of the company's stock, valued at approximately $1,332,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Frontdoor by 108.3% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 36,248 shares of the company's stock worth $1,740,000 after buying an additional 18,849 shares during the period. Martingale Asset Management L P bought a new stake in Frontdoor during the third quarter valued at $238,000. Verition Fund Management LLC grew its holdings in Frontdoor by 255.5% during the 3rd quarter. Verition Fund Management LLC now owns 21,757 shares of the company's stock worth $1,044,000 after acquiring an additional 15,637 shares during the period. Edgestream Partners L.P. bought a new position in shares of Frontdoor in the 3rd quarter worth about $656,000. Finally, Centiva Capital LP lifted its stake in shares of Frontdoor by 100.3% in the 3rd quarter. Centiva Capital LP now owns 15,914 shares of the company's stock valued at $764,000 after purchasing an additional 7,968 shares during the period.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Truist Financial raised their target price on Frontdoor from $58.00 to $67.00 and gave the stock a "buy" rating in a research note on Friday, February 14th. The Goldman Sachs Group lowered their price objective on shares of Frontdoor from $46.00 to $40.00 and set a "sell" rating for the company in a research note on Monday, March 3rd. One 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's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $50.25.

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Frontdoor Stock Up 0.5 %

FTDR traded up $0.20 during trading on Wednesday, hitting $37.55. 553,444 shares of the company's stock were exchanged, compared to its average volume of 834,553. Frontdoor, Inc. has a fifty-two week low of $29.41 and a fifty-two week high of $63.49. The stock has a market cap of $2.80 billion, a P/E ratio of 12.44 and a beta of 1.19. The business's 50 day moving average is $46.97 and its two-hundred day moving average is $51.93. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 2.16.

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.