Friedenthal Financial Acquires Shares of 15,915 Frontdoor, Inc. (NASDAQ:FTDR)

Friedenthal Financial purchased a new position in shares of Frontdoor, Inc. (NASDAQ:FTDR - Free Report) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund purchased 15,915 shares of the company's stock, valued at approximately $764,000.

Several other institutional investors also recently modified their holdings of the business. Exchange Traded Concepts LLC bought a new stake in shares of Frontdoor in the third quarter worth $27,000. V Square Quantitative Management LLC acquired a new stake in Frontdoor during the third quarter worth about $31,000. GAMMA Investing LLC lifted its holdings in shares of Frontdoor by 90.7% in the second quarter. GAMMA Investing LLC now owns 879 shares of the company's stock worth $30,000 after acquiring an additional 418 shares during the last quarter. Quarry LP lifted its holdings in shares of Frontdoor by 468.1% in the second quarter. Quarry LP now owns 1,085 shares of the company's stock worth $37,000 after acquiring an additional 894 shares during the last quarter. Finally, Covestor Ltd lifted its holdings in shares of Frontdoor by 288.6% in the first quarter. Covestor Ltd now owns 1,154 shares of the company's stock worth $38,000 after acquiring an additional 857 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on FTDR. William Blair upgraded shares of Frontdoor from a "market perform" rating to an "outperform" rating in a report on Friday, August 2nd. JPMorgan Chase & Co. raised their price objective on shares of Frontdoor from $45.00 to $55.00 and gave the stock an "overweight" rating in a research report on Monday, August 12th. Truist Financial boosted their price target on shares of Frontdoor from $45.00 to $56.00 and gave the company a "buy" rating in a research note on Friday, August 2nd. Finally, The Goldman Sachs Group upped their target price on shares of Frontdoor from $33.00 to $41.00 and gave the stock a "sell" rating in a research note on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Frontdoor has a consensus rating of "Hold" and an average target price of $47.75.

Frontdoor Price Performance

NASDAQ FTDR traded up $0.04 on Friday, reaching $52.53. 858,940 shares of the company's stock traded hands, compared to its average volume of 734,878. The stock has a market cap of $4.09 billion, a PE ratio of 23.04 and a beta of 1.04. Frontdoor, Inc. has a 12 month low of $28.25 and a 12 month high of $53.10. The company has a debt-to-equity ratio of 2.66, a current ratio of 1.27 and a quick ratio of 1.27. The stock has a 50-day simple moving average of $48.15 and a 200 day simple moving average of $39.66.

Frontdoor (NASDAQ:FTDR - Get Free Report) last released its quarterly earnings data on Thursday, August 1st. The company reported $1.27 earnings per share for the quarter, beating analysts' consensus estimates of $1.00 by $0.27. The firm had revenue of $542.00 million during the quarter, compared to analyst estimates of $536.74 million. Frontdoor had a return on equity of 132.94% and a net margin of 11.38%. The business's quarterly revenue was up 3.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.87 earnings per share. As a group, research analysts predict that Frontdoor, Inc. will post 2.79 earnings per share for the current year.

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.