Frontdoor (NASDAQ:FTDR) CEO William Cobb Sells 96,418 Shares of Stock

Frontdoor Inc. (NASDAQ:FTDR) CEO William Cobb sold 96,418 shares of the company’s stock in a transaction on Thursday, November 12th. The shares were sold at an average price of $96.69, for a total value of $9,322,656.42. Following the sale, the chief executive officer owned 184,335 shares of the company’s stock, valued at approximately $17,823,351.15. The trade was a 34.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Frontdoor Price Performance

Shares of FTDR traded up $1.22 during trading hours on Friday, hitting $96.64. 533,036 shares of the company were exchanged, compared to its average volume of 824,462. The company has a market cap of $6.53 billion, a price-to-earnings ratio of 24.16 and a beta of 1.60. Frontdoor Inc. has a fifty-two week low of $48.90 and a fifty-two week high of $103.07. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 3.57. The firm’s fifty day moving average is $82.54 and its 200 day moving average is $71.12.

Frontdoor (NASDAQ:FTDR) last posted its quarterly earnings results on Thursday, November 5th. The company reported $1.81 EPS for the quarter, beating analysts’ consensus estimates of $1.77 by $0.04. The business had revenue of $655.00 million during the quarter, compared to the consensus estimate of $647.73 million. Frontdoor had a return on equity of 124.74% and a net margin of 12.96%. Frontdoor’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.58 earnings per share. On average, equities analysts anticipate that Frontdoor Inc. will post 4.77 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have commented on FTDR shares. Wolfe Research raised shares of Frontdoor to an “outperform” rating in a report on Monday, August 24th. Truist Financial upped their price target on shares of Frontdoor from $105.00 to $115.00 and gave the stock a “buy” rating in a report on Friday, November 6th. Oppenheimer upped their price target on shares of Frontdoor from $70.00 to $100.00 and gave the stock an “outperform” rating in a report on Friday, August 7th. Weiss Ratings upgraded shares of Frontdoor from a “hold (c+)” rating to a “buy (b)” rating in a research report on Wednesday, October 21st. Finally, The Goldman Sachs Group lifted their price objective on shares of Frontdoor from $81.00 to $93.00 and gave the company a “neutral” rating in a research note on Monday, November 9th. Five research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $99.80.

Institutional Investors Weigh In On Frontdoor

Several hedge funds and other institutional investors have recently made changes to their positions in FTDR. Pathstone Holdings LLC boosted its position in Frontdoor by 23.6% in the third quarter. Pathstone Holdings LLC now owns 26,002 shares of the company’s stock valued at $1,901,000 after buying an additional 4,959 shares in the last quarter. Empowered Funds LLC grew its stake in shares of Frontdoor by 3.0% during the third quarter. Empowered Funds LLC now owns 372,415 shares of the company’s stock worth $27,231,000 after buying an additional 10,959 shares during the last quarter. First Trust Advisors LP grew its stake in shares of Frontdoor by 33.4% during the third quarter. First Trust Advisors LP now owns 181,998 shares of the company’s stock worth $13,308,000 after buying an additional 45,612 shares during the last quarter. Meeder Asset Management Inc. bought a new stake in shares of Frontdoor during the third quarter worth $27,000. Finally, Landscape Capital Management L.L.C. acquired a new position in shares of Frontdoor during the third quarter worth $4,176,000.

About Frontdoor

Frontdoor, Inc. provides home service plans and repair solutions in the United States. Its plans help homeowners manage the cost of repairing or replacing covered home systems and appliances, such as heating and cooling equipment, plumbing, and kitchen appliances. The company serves customers through brands including American Home Shield, HSA Home Warranty, and OneGuard Home Warranties. It also connects customers with a network of independent service contractors and offers digital tools and support to help arrange home repairs.