Frontdoor (NASDAQ:FTDR) Price Target Cut to $40.00 by Analysts at The Goldman Sachs Group

Frontdoor (NASDAQ:FTDR - Get Free Report) had its price target dropped by equities researchers at The Goldman Sachs Group from $46.00 to $40.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage presently has a "sell" rating on the stock. The Goldman Sachs Group's price objective would suggest a potential downside of 1.79% from the company's previous close.

Separately, Truist Financial boosted their price objective on Frontdoor from $58.00 to $67.00 and gave the company a "buy" rating in a report on Friday, February 14th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $50.25.

Frontdoor Trading Down 3.1 %

Shares of NASDAQ:FTDR traded down $1.32 during trading on Monday, hitting $40.73. The company had a trading volume of 898,622 shares, compared to its average volume of 785,835. The company has a debt-to-equity ratio of 2.16, a current ratio of 1.42 and a quick ratio of 1.42. The company has a fifty day simple moving average of $56.37 and a two-hundred day simple moving average of $53.63. The stock has a market cap of $3.04 billion, a price-to-earnings ratio of 13.49 and a beta of 1.18. Frontdoor has a one year low of $29.41 and a one year high of $63.49.

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Insider Transactions at Frontdoor

In related news, COO Evan Iverson sold 16,000 shares of the business's stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $58.84, for a total value 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Kathryn M. Collins sold 25,784 shares of the stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $58.06, for a total value of $1,497,019.04. Following the sale, the senior vice president now directly owns 9,429 shares in the company, valued at $547,447.74. This trade represents a 73.22 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.89% of the company's stock.

Institutional Investors Weigh In On Frontdoor

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Jefferies Financial Group Inc. purchased a new position in Frontdoor in the fourth quarter worth $1,079,000. Pullen Investment Management LLC grew its stake in Frontdoor by 46.7% during the 4th quarter. Pullen Investment Management LLC now owns 11,856 shares of the company's stock worth $648,000 after buying an additional 3,774 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Frontdoor by 23.1% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 224,392 shares of the company's stock valued at $12,268,000 after buying an additional 42,150 shares in the last quarter. Squarepoint Ops LLC acquired a new position in Frontdoor during the 4th quarter valued at about $2,103,000. Finally, ProShare Advisors LLC raised its stake in Frontdoor by 41.9% in the fourth quarter. ProShare Advisors LLC now owns 23,189 shares of the company's stock valued at $1,268,000 after buying an additional 6,851 shares during the last quarter.

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.