Short Interest in Frontdoor, Inc. (NASDAQ:FTDR) Decreases By 8.2%

Frontdoor, Inc. (NASDAQ:FTDR - Get Free Report) was the recipient of a large decrease in short interest in the month of December. As of December 31st, there was short interest totalling 2,140,000 shares, a decrease of 8.2% from the December 15th total of 2,330,000 shares. Approximately 2.8% of the shares of the company are short sold. Based on an average daily volume of 580,500 shares, the short-interest ratio is currently 3.7 days.

Wall Street Analysts Forecast Growth

FTDR has been the topic of several analyst reports. Truist Financial upped their price objective on Frontdoor from $56.00 to $58.00 and gave the company a "buy" rating in a research note on Tuesday, November 5th. The Goldman Sachs Group upped their price target on Frontdoor from $41.00 to $46.00 and gave the company a "sell" rating in a research report on Tuesday, November 5th. 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. According to data from MarketBeat, Frontdoor presently has an average rating of "Hold" and an average price target of $49.50.

Insider Buying and Selling at Frontdoor

In other news, SVP Kathryn M. Collins sold 25,784 shares of Frontdoor stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $58.06, for a total transaction of $1,497,019.04. Following the sale, the senior vice president now directly owns 9,429 shares in the company, valued at approximately $547,447.74. The trade was a 73.22 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Evan Iverson sold 16,000 shares of the company's stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $58.84, for a total transaction of $941,440.00. Following the completion of the sale, the chief operating officer now directly owns 4,955 shares in the company, valued at approximately $291,552.20. The trade was a 76.35 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.89% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Exchange Traded Concepts LLC acquired a new stake in shares of Frontdoor during the third quarter worth $27,000. V Square Quantitative Management LLC acquired a new position in shares of Frontdoor in the third quarter valued at approximately $31,000. Quarry LP raised its holdings in shares of Frontdoor by 468.1% during 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 period. USA Financial Formulas bought a new stake in Frontdoor in the 4th quarter valued at $60,000. Finally, TD Private Client Wealth LLC acquired a new position in Frontdoor in the 3rd quarter worth $68,000.

Frontdoor Price Performance

Shares of NASDAQ:FTDR traded up $1.48 during trading on Friday, reaching $58.53. The stock had a trading volume of 537,005 shares, compared to its average volume of 479,934. The stock has a market capitalization of $4.44 billion, a PE ratio of 19.38 and a beta of 1.08. 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 has a 52 week low of $29.41 and a 52 week high of $60.42. The business's 50-day moving average price is $56.82 and its 200 day moving average price is $49.78.

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

Frontdoor Company 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.