Algert Global LLC Cuts Position in Frontdoor, Inc. (NASDAQ:FTDR)

Algert Global LLC lessened its position in Frontdoor, Inc. (NASDAQ:FTDR) by 17.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 277,261 shares of the company’s stock after selling 60,571 shares during the quarter. Algert Global LLC’s holdings in Frontdoor were worth $15,158,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in FTDR. Bessemer Group Inc. raised its holdings in shares of Frontdoor by 514.7% during the 4th quarter. Bessemer Group Inc. now owns 627 shares of the company’s stock valued at $34,000 after buying an additional 525 shares in the last quarter. USA Financial Formulas bought a new position in Frontdoor during the fourth quarter valued at approximately $60,000. TD Private Client Wealth LLC raised its stake in shares of Frontdoor by 12.9% during the fourth quarter. TD Private Client Wealth LLC now owns 1,597 shares of the company’s stock worth $87,000 after acquiring an additional 183 shares in the last quarter. Blue Trust Inc. lifted its holdings in shares of Frontdoor by 315.3% in the 4th quarter. Blue Trust Inc. now owns 1,632 shares of the company’s stock worth $89,000 after acquiring an additional 1,239 shares during the last quarter. Finally, Nkcfo LLC purchased a new stake in shares of Frontdoor in the 4th quarter valued at $96,000.

Analyst Ratings Changes

FTDR has been the topic of a number of analyst reports. The Goldman Sachs Group decreased their target price on shares of Frontdoor from $46.00 to $40.00 and set a “sell” rating on the stock in a research report on Monday, March 3rd. Truist Financial lifted their price objective on Frontdoor from $58.00 to $67.00 and gave the stock a “buy” rating in a report on Friday, February 14th. Finally, JPMorgan Chase & Co. cut Frontdoor from an “overweight” rating to a “neutral” rating and dropped their target price for the company from $58.00 to $40.00 in a report on Tuesday, April 22nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $46.50.

Frontdoor Price Performance

Shares of Frontdoor stock opened at $51.50 on Friday. The firm has a market cap of $3.84 billion, a PE ratio of 17.05 and a beta of 1.21. The company’s fifty day simple moving average is $40.21 and its two-hundred day simple moving average is $50.93. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 2.16. Frontdoor, Inc. has a 12-month low of $32.95 and a 12-month high of $63.49.

Frontdoor (NASDAQ:FTDR) last posted its earnings results on Thursday, May 1st. The company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.27. Frontdoor had a return on equity of 132.99% and a net margin of 12.87%. The company had revenue of $426.00 million for the quarter, compared to analysts’ expectations of $416.37 million. During the same period last year, the firm earned $0.44 earnings per share. Frontdoor’s quarterly revenue was up 12.7% on a year-over-year basis. As a group, equities analysts expect that Frontdoor, Inc. will post 3.07 EPS for the current year.

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.