Gotham Asset Management LLC Sells 734 Shares of Frontdoor, Inc. (NASDAQ:FTDR)

Gotham Asset Management LLC lessened its holdings in shares of Frontdoor, Inc. (NASDAQ:FTDR) by 1.5% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 48,224 shares of the company’s stock after selling 734 shares during the period. Gotham Asset Management LLC’s holdings in Frontdoor were worth $2,636,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in FTDR. Bessemer Group Inc. grew its holdings in shares of Frontdoor by 514.7% during the fourth quarter. Bessemer Group Inc. now owns 627 shares of the company’s stock worth $34,000 after purchasing an additional 525 shares during the last quarter. USA Financial Formulas bought a new position in Frontdoor in the fourth quarter valued at about $60,000. TD Private Client Wealth LLC boosted its holdings in Frontdoor by 12.9% in the fourth quarter. TD Private Client Wealth LLC now owns 1,597 shares of the company’s stock valued at $87,000 after acquiring an additional 183 shares during the last quarter. Blue Trust Inc. boosted its holdings in Frontdoor by 315.3% in the fourth quarter. Blue Trust Inc. now owns 1,632 shares of the company’s stock valued at $89,000 after acquiring an additional 1,239 shares during the last quarter. Finally, Nkcfo LLC bought a new position in Frontdoor in the fourth quarter valued at about $96,000.

Frontdoor Trading Up 1.8%

NASDAQ:FTDR opened at $55.05 on Friday. Frontdoor, Inc. has a 1-year low of $32.95 and a 1-year high of $63.49. The business’s 50-day moving average price is $42.03 and its two-hundred day moving average price is $51.11. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 2.16. The firm has a market capitalization of $4.05 billion, a price-to-earnings ratio of 18.23 and a beta of 1.21.

Frontdoor (NASDAQ:FTDR) last released its earnings results on Thursday, May 1st. The company reported $0.64 earnings per share for the quarter, beating 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 firm had revenue of $426.00 million for the quarter, compared to analyst estimates of $416.37 million. During the same quarter in the prior year, the firm posted $0.44 earnings per share. The company’s quarterly revenue was up 12.7% on a year-over-year basis. On average, equities analysts expect that Frontdoor, Inc. will post 3.07 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. JPMorgan Chase & Co. cut Frontdoor from an “overweight” rating to a “neutral” rating and decreased their price target for the company from $58.00 to $40.00 in a report on Tuesday, April 22nd. The Goldman Sachs Group decreased their price target on Frontdoor from $46.00 to $40.00 and set a “sell” rating on the stock in a report on Monday, March 3rd. Finally, Truist Financial raised their price target on Frontdoor from $58.00 to $67.00 and gave the company a “buy” rating in a report on Friday, February 14th.

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.