Danske Bank A S Acquires New Position in Frontdoor Inc. $FTDR

Danske Bank A S acquired a new position in shares of Frontdoor Inc. (NASDAQ:FTDR) during the 2nd quarter, HoldingsChannel reports. The firm acquired 370,440 shares of the company’s stock, valued at approximately $28,742,000.

A number of other large investors have also recently bought and sold shares of the business. State of Wyoming boosted its stake in Frontdoor by 2.5% in the first quarter. State of Wyoming now owns 7,140 shares of the company’s stock valued at $377,000 after acquiring an additional 177 shares during the period. Handelsbanken Fonder AB raised its position in shares of Frontdoor by 0.8% during the 2nd quarter. Handelsbanken Fonder AB now owns 25,900 shares of the company’s stock worth $2,010,000 after purchasing an additional 200 shares during the period. ProShare Advisors LLC raised its position in shares of Frontdoor by 1.7% during the 4th quarter. ProShare Advisors LLC now owns 14,232 shares of the company’s stock worth $821,000 after purchasing an additional 236 shares during the period. Snowden Capital Advisors LLC lifted its holdings in shares of Frontdoor by 4.1% in the 2nd quarter. Snowden Capital Advisors LLC now owns 6,407 shares of the company’s stock worth $378,000 after purchasing an additional 250 shares during the last quarter. Finally, Bank of Montreal Can lifted its holdings in shares of Frontdoor by 5.0% in the 4th quarter. Bank of Montreal Can now owns 5,296 shares of the company’s stock worth $306,000 after purchasing an additional 254 shares during the last quarter.

Frontdoor Stock Down 0.8%

Shares of NASDAQ:FTDR opened at $82.28 on Thursday. The firm has a 50 day simple moving average of $76.29 and a 200 day simple moving average of $66.16. Frontdoor Inc. has a 52 week low of $48.47 and a 52 week high of $93.43. The company has a debt-to-equity ratio of 3.98, a quick ratio of 1.59 and a current ratio of 1.59. The company has a market cap of $5.67 billion, a PE ratio of 21.82 and a beta of 1.47.

Frontdoor (NASDAQ:FTDR) last posted its quarterly earnings data on Thursday, August 6th. The company reported $1.93 earnings per share for the quarter, topping the consensus estimate of $1.76 by $0.17. Frontdoor had a net margin of 12.72% and a return on equity of 120.90%. The firm had revenue of $645.00 million for the quarter, compared to analysts’ expectations of $643.40 million. During the same period in the previous year, the company posted $1.63 EPS. The company’s quarterly revenue was up 4.5% compared to the same quarter last year. As a group, research analysts expect that Frontdoor Inc. will post 4.66 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently commented on FTDR shares. The Goldman Sachs Group restated a “neutral” rating on shares of Frontdoor in a research note on Friday, August 7th. Truist Financial increased their price objective on shares of Frontdoor from $82.00 to $105.00 and gave the stock a “buy” rating in a report on Friday, August 7th. Oppenheimer boosted their target price on shares of Frontdoor from $70.00 to $100.00 and gave the company an “outperform” rating in a research note on Friday, August 7th. Benchmark raised their price target on shares of Frontdoor from $80.00 to $96.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Finally, Weiss Ratings lowered Frontdoor from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, May 21st. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $92.00.

Frontdoor Profile

Frontdoor, Inc (NASDAQ:FTDR) is a leading provider of home service plans and repair solutions for residential property owners. The company offers contract-based coverage that helps homeowners manage the cost of repairing and replacing essential household systems and appliances, including heating and cooling, plumbing, electrical wiring, water heaters, washers, dryers, refrigerators and other major kitchen equipment.

Frontdoor delivers its services through a nationwide network of independent service professionals and contractors, leveraging a cloud-based platform and call center infrastructure to coordinate service visits and process claims.