Frontdoor, Inc. (NASDAQ:FTDR) Position Cut by Isthmus Partners LLC

Isthmus Partners LLC lessened its holdings in shares of Frontdoor, Inc. (NASDAQ:FTDR - Free Report) by 17.6% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 90,856 shares of the company's stock after selling 19,393 shares during the quarter. Isthmus Partners LLC owned 0.12% of Frontdoor worth $4,360,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of FTDR. Zurcher Kantonalbank Zurich Cantonalbank grew 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 in the last quarter. Glenmede Trust Co. NA grew its holdings in Frontdoor by 1.2% during the 3rd quarter. Glenmede Trust Co. NA now owns 506,328 shares of the company's stock worth $24,299,000 after acquiring an additional 6,189 shares in the last quarter. Bridgewater Associates LP grew its holdings in Frontdoor by 146.6% during the 3rd quarter. Bridgewater Associates LP now owns 63,721 shares of the company's stock worth $3,058,000 after acquiring an additional 37,881 shares in the last quarter. BNP Paribas Financial Markets increased its position in shares of Frontdoor by 15.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 179,858 shares of the company's stock worth $8,631,000 after purchasing an additional 23,922 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd raised its stake in shares of Frontdoor by 36.1% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 54,244 shares of the company's stock valued at $2,603,000 after purchasing an additional 14,378 shares in the last quarter.

Frontdoor Stock Performance

Shares of NASDAQ:FTDR traded up $0.43 during trading on Friday, hitting $58.60. 293,323 shares of the company traded hands, compared to its average volume of 709,753. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 2.16. The business's fifty day moving average is $52.11 and its 200-day moving average is $44.20. The stock has a market capitalization of $4.44 billion, a price-to-earnings ratio of 19.26 and a beta of 1.03. Frontdoor, Inc. has a one year low of $29.41 and a one year high of $60.42.

Frontdoor (NASDAQ:FTDR - Get Free Report) last issued its quarterly earnings data on Monday, November 4th. The company reported $1.38 EPS for the quarter, topping analysts' consensus estimates of $1.05 by $0.33. The firm had revenue of $540.00 million during the quarter, compared to the consensus estimate of $541.88 million. Frontdoor had a return on equity of 132.99% and a net margin of 12.87%. The firm's revenue was up 3.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.94 EPS. As a group, equities analysts predict that Frontdoor, Inc. will post 3.14 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on FTDR. The Goldman Sachs Group boosted their price objective on Frontdoor from $41.00 to $46.00 and gave the company a "sell" rating in a report on Tuesday, November 5th. Truist Financial boosted their price target on Frontdoor from $56.00 to $58.00 and gave the company a "buy" rating in a report on Tuesday, November 5th. JPMorgan Chase & Co. raised 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. Finally, William Blair upgraded shares of Frontdoor from a "market perform" rating to an "outperform" rating in a research note on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Frontdoor has a consensus rating of "Hold" and an average target price of $49.50.

Frontdoor 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.