11,938 Shares in Frontdoor Inc. $FTDR Bought by Virtus Advisers LLC

Virtus Advisers LLC purchased a new stake in shares of Frontdoor Inc. (NASDAQ:FTDR) during the second quarter, Holdings Channel reports. The fund purchased 11,938 shares of the company’s stock, valued at approximately $926,000.

Several other hedge funds have also recently made changes to their positions in the business. Vise Technologies Inc. bought a new stake in shares of Frontdoor during the 2nd quarter valued at about $287,000. Aurora Investment Counsel acquired a new position in Frontdoor in the second quarter valued at approximately $1,712,000. Empirical Asset Management LLC acquired a new position in Frontdoor in the second quarter valued at approximately $896,000. Great Lakes Advisors LLC acquired a new position in Frontdoor in the second quarter valued at approximately $3,714,000. Finally, Danske Bank A S bought a new position in shares of Frontdoor during the 2nd quarter worth approximately $28,742,000.

Frontdoor Stock Down 0.4%

FTDR stock opened at $81.94 on Friday. The stock’s 50 day simple moving average is $76.58 and its 200 day simple moving average is $66.32. Frontdoor Inc. has a fifty-two week low of $48.47 and a fifty-two 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 $5.65 billion, a P/E ratio of 21.73 and a beta of 1.47.

Frontdoor (NASDAQ:FTDR) last announced its quarterly earnings results on Thursday, August 6th. The company reported $1.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.76 by $0.17. Frontdoor had a return on equity of 120.90% and a net margin of 12.72%.The business had revenue of $645.00 million for the quarter, compared to analyst estimates of $643.40 million. During the same quarter in the prior year, the company earned $1.63 earnings per share. The company’s quarterly revenue was up 4.5% on a year-over-year basis. On average, research analysts expect that Frontdoor Inc. will post 4.66 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on FTDR shares. Benchmark raised their price objective on shares of Frontdoor from $80.00 to $96.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Truist Financial boosted their target price on shares of Frontdoor from $82.00 to $105.00 and gave the company a “buy” rating in a research report on Friday, August 7th. Oppenheimer increased their target price on shares of Frontdoor from $70.00 to $100.00 and gave the stock an “outperform” rating in a research note on Friday, August 7th. Weiss Ratings reissued a “buy (b-)” rating on shares of Frontdoor in a research note on Tuesday. Finally, The Goldman Sachs Group restated a “neutral” rating on shares of Frontdoor in a report on Friday, August 7th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target 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.