SG Americas Securities LLC lessened its holdings in Frontdoor Inc. (NASDAQ:FTDR – Free Report) by 18.0% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,070 shares of the company’s stock after selling 1,115 shares during the quarter. SG Americas Securities LLC’s holdings in Frontdoor were worth $299,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of the business. Bessemer Group Inc. increased its position in Frontdoor by 322.1% during the second quarter. Bessemer Group Inc. now owns 515 shares of the company’s stock worth $30,000 after acquiring an additional 393 shares during the period. Caitong International Asset Management Co. Ltd acquired a new position in shares of Frontdoor during the 1st quarter worth approximately $42,000. Huntington National Bank grew its position in shares of Frontdoor by 56.0% during the 2nd quarter. Huntington National Bank now owns 1,482 shares of the company’s stock worth $87,000 after purchasing an additional 532 shares in the last quarter. US Bancorp DE increased its holdings in shares of Frontdoor by 22.5% during the first quarter. US Bancorp DE now owns 3,008 shares of the company’s stock worth $116,000 after purchasing an additional 553 shares during the period. Finally, Blue Trust Inc. raised its position in shares of Frontdoor by 9.1% in the second quarter. Blue Trust Inc. now owns 3,032 shares of the company’s stock valued at $179,000 after buying an additional 252 shares in the last quarter.
Analyst Upgrades and Downgrades
A number of equities research analysts recently issued reports on the company. Weiss Ratings reissued a “hold (c+)” rating on shares of Frontdoor in a research report on Tuesday. Oppenheimer upped their target price on Frontdoor from $56.00 to $63.00 and gave the company an “outperform” rating in a research report on Wednesday, August 6th. Wall Street Zen lowered Frontdoor from a “buy” rating to a “hold” rating in a report on Monday, November 24th. The Goldman Sachs Group raised their price target on Frontdoor from $44.00 to $50.00 and gave the stock a “sell” rating in a research report on Wednesday, August 6th. Finally, Zacks Research cut shares of Frontdoor from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 10th. Two analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $59.75.
Frontdoor Trading Up 0.2%
Shares of FTDR opened at $53.93 on Friday. The company has a debt-to-equity ratio of 3.64, a quick ratio of 1.73 and a current ratio of 1.73. Frontdoor Inc. has a 52-week low of $35.61 and a 52-week high of $70.14. The firm has a market cap of $3.89 billion, a price-to-earnings ratio of 15.36 and a beta of 1.35. The business’s fifty day moving average is $61.33 and its 200-day moving average is $59.65.
Frontdoor (NASDAQ:FTDR – Get Free Report) last released its quarterly earnings data on Wednesday, November 5th. The company reported $1.58 earnings per share for the quarter, beating the consensus estimate of $1.49 by $0.09. Frontdoor had a return on equity of 122.74% and a net margin of 12.87%.The business had revenue of $618.00 million for the quarter, compared to analyst estimates of $610.77 million. During the same period last year, the firm posted $1.38 earnings per share. Frontdoor’s revenue was up 14.4% compared to the same quarter last year. Frontdoor has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS. Equities analysts anticipate that Frontdoor Inc. will post 3.07 EPS for the current fiscal year.
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.
Featured Articles
- Five stocks we like better than Frontdoor
- Stock Analyst Ratings and Canadian Analyst Ratings
- Meta Platforms May Ditch NVIDIA Chips—Here’s Why Investors Care
- What is a Low P/E Ratio and What Does it Tell Investors?
- SoFi Technologies: From Fintech Speculation to Profit Engine
- Investing In Preferred Stock vs. Common Stock
- Gold to $5,000? What Bank of America and UBS Have to Say
Want to see what other hedge funds are holding FTDR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Frontdoor Inc. (NASDAQ:FTDR – Free Report).
Receive News & Ratings for Frontdoor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Frontdoor and related companies with MarketBeat.com's FREE daily email newsletter.
