Proficio Capital Partners LLC Makes New Investment in Frontdoor, Inc. (NASDAQ:FTDR)

Proficio Capital Partners LLC bought a new stake in shares of Frontdoor, Inc. (NASDAQ:FTDR - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 40,674 shares of the company's stock, valued at approximately $2,224,000. Proficio Capital Partners LLC owned 0.05% of Frontdoor as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. USA Financial Formulas bought a new position in shares of Frontdoor during the 4th quarter valued at approximately $60,000. TD Private Client Wealth LLC bought a new position in shares of Frontdoor during the 3rd quarter valued at approximately $68,000. Blue Trust Inc. grew its position in shares of Frontdoor by 315.3% during the 4th quarter. Blue Trust Inc. now owns 1,632 shares of the company's stock valued at $89,000 after acquiring an additional 1,239 shares during the period. Nkcfo LLC bought a new position in shares of Frontdoor during the 4th quarter valued at approximately $96,000. Finally, GAMMA Investing LLC grew its position in shares of Frontdoor by 26.0% during the 4th quarter. GAMMA Investing LLC now owns 2,100 shares of the company's stock valued at $115,000 after acquiring an additional 433 shares during the period.

Frontdoor Stock Performance

FTDR traded up $0.29 on Friday, hitting $38.09. The company's stock had a trading volume of 1,298,535 shares, compared to its average volume of 687,588. The company's 50 day simple moving average is $52.25 and its 200-day simple moving average is $52.79. The firm has a market cap of $2.85 billion, a P/E ratio of 12.61 and a beta of 1.18. 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.

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Analyst Ratings Changes

A number of research analysts have recently weighed in on FTDR shares. Truist Financial increased their target price on shares of 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 cut their price objective on shares of Frontdoor from $46.00 to $40.00 and set a "sell" rating for the company 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 assigned a buy rating to the company's stock. Based on 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.