Oppenheimer & Co. Inc. Makes New $467,000 Investment in Frontdoor, Inc. (NASDAQ:FTDR)

Oppenheimer & Co. Inc. purchased a new stake in Frontdoor, Inc. (NASDAQ:FTDR - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 8,538 shares of the company's stock, valued at approximately $467,000.

A number of other institutional investors have also made changes to their positions in the business. USA Financial Formulas bought a new stake in shares of Frontdoor in the 4th quarter worth approximately $60,000. TD Private Client Wealth LLC bought a new position in Frontdoor in the third quarter valued at approximately $68,000. Blue Trust Inc. increased its holdings in Frontdoor by 315.3% during the 4th quarter. Blue Trust Inc. now owns 1,632 shares of the company's stock worth $89,000 after purchasing an additional 1,239 shares in the last quarter. Nkcfo LLC acquired a new stake in Frontdoor in the 4th quarter valued at $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.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on FTDR shares. The Goldman Sachs Group cut 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 target price on shares of Frontdoor from $58.00 to $67.00 and gave the stock a "buy" rating in a research note on Friday, February 14th. 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 company's stock. According to data from MarketBeat, Frontdoor has a consensus rating of "Hold" and an average price target of $50.25.

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Insider Transactions at Frontdoor

In other Frontdoor news, COO Evan Iverson sold 16,000 shares of Frontdoor stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $58.84, for a total transaction of $941,440.00. Following the completion of the transaction, the chief operating officer now owns 4,955 shares of the company's stock, valued at $291,552.20. The trade was a 76.35 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.29% of the stock is currently owned by company insiders.

Frontdoor Stock Performance

Shares of Frontdoor stock traded down $0.50 during trading hours on Tuesday, hitting $37.91. 907,538 shares of the company's stock traded hands, compared to its average volume of 796,128. The stock has a market capitalization of $2.83 billion, a price-to-earnings ratio of 12.55 and a beta of 1.18. The company has a fifty day simple moving average of $55.72 and a 200-day simple moving average of $53.57. The company has a debt-to-equity ratio of 2.16, a current ratio of 1.42 and a quick ratio of 1.42. Frontdoor, Inc. has a 12-month low of $29.41 and a 12-month high of $63.49.

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.