Monimus Capital Management LP Purchases Shares of 12,270 Frontdoor, Inc. (NASDAQ:FTDR)

Monimus Capital Management LP acquired a new position in shares of Frontdoor, Inc. (NASDAQ:FTDR - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 12,270 shares of the company's stock, valued at approximately $671,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Willis Investment Counsel raised its position in Frontdoor by 0.4% in the 4th quarter. Willis Investment Counsel now owns 46,753 shares of the company's stock worth $2,556,000 after purchasing an additional 185 shares during the last quarter. Parkside Financial Bank & Trust boosted its stake in Frontdoor by 8.3% in the 4th quarter. Parkside Financial Bank & Trust now owns 2,880 shares of the company's stock worth $157,000 after purchasing an additional 221 shares during the period. Atria Investments Inc grew its stake in shares of Frontdoor by 4.9% during the 4th quarter. Atria Investments Inc now owns 6,894 shares of the company's stock worth $377,000 after acquiring an additional 325 shares in the last quarter. Pacer Advisors Inc. increased its stake in Frontdoor by 4.8% in the 4th quarter. Pacer Advisors Inc. now owns 7,854 shares of the company's stock valued at $429,000 after buying an additional 357 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in Frontdoor by 26.0% in the 4th quarter. GAMMA Investing LLC now owns 2,100 shares of the company's stock valued at $115,000 after buying an additional 433 shares during the last quarter.

Frontdoor Trading Up 2.1 %

Shares of NASDAQ FTDR traded up $0.77 during trading on Wednesday, reaching $37.84. The company had a trading volume of 764,005 shares, compared to its average volume of 686,751. Frontdoor, Inc. has a 12 month low of $29.41 and a 12 month high of $63.49. 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 stock has a market cap of $2.83 billion, a P/E ratio of 12.53 and a beta of 1.18. The company's fifty day moving average price is $53.36 and its 200-day moving average price is $53.07.

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Wall Street Analyst Weigh In

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

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.