Intech Investment Management LLC Boosts Stock Position in Frontdoor, Inc. (NASDAQ:FTDR)

Intech Investment Management LLC grew its stake in Frontdoor, Inc. (NASDAQ:FTDR) by 157.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,697 shares of the company’s stock after purchasing an additional 13,275 shares during the period. Intech Investment Management LLC’s holdings in Frontdoor were worth $1,041,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of FTDR. Exchange Traded Concepts LLC purchased a new position in Frontdoor during the 3rd quarter worth $27,000. V Square Quantitative Management LLC acquired a new stake in Frontdoor in the third quarter valued at about $31,000. GAMMA Investing LLC boosted its holdings in Frontdoor by 90.7% in the 2nd quarter. GAMMA Investing LLC now owns 879 shares of the company’s stock valued at $30,000 after purchasing an additional 418 shares in the last quarter. Quarry LP increased its position in Frontdoor by 468.1% during the 2nd quarter. Quarry LP now owns 1,085 shares of the company’s stock worth $37,000 after purchasing an additional 894 shares during the period. Finally, CWM LLC raised its stake in shares of Frontdoor by 15.8% during the 3rd quarter. CWM LLC now owns 2,695 shares of the company’s stock worth $129,000 after buying an additional 367 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on FTDR. The Goldman Sachs Group upped their price objective on Frontdoor from $41.00 to $46.00 and gave the stock a “sell” rating in a report on Tuesday, November 5th. JPMorgan Chase & Co. raised their price objective on shares of Frontdoor from $45.00 to $55.00 and gave the company an “overweight” rating in a research note on Monday, August 12th. Truist Financial upped their target price on shares of Frontdoor from $56.00 to $58.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Finally, William Blair upgraded shares of Frontdoor from a “market perform” rating to an “outperform” rating in a research report on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Frontdoor currently has a consensus rating of “Hold” and a consensus price target of $49.50.

Frontdoor Price Performance

Shares of NASDAQ:FTDR opened at $58.17 on Thursday. Frontdoor, Inc. has a one year low of $29.41 and a one year high of $60.42. The stock has a market cap of $4.41 billion, a PE ratio of 19.26 and a beta of 1.03. The business’s fifty day moving average price is $51.73 and its two-hundred day moving average price is $44.00. The company has a debt-to-equity ratio of 2.16, a quick ratio of 1.42 and a current ratio of 1.42.

Frontdoor (NASDAQ:FTDR) last announced its earnings results on Monday, November 4th. The company reported $1.38 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.33. Frontdoor had a net margin of 12.87% and a return on equity of 132.99%. The firm had revenue of $540.00 million during the quarter, compared to the consensus estimate of $541.88 million. During the same quarter in the previous year, the company posted $0.94 EPS. The firm’s revenue for the quarter was up 3.1% on a year-over-year basis. On average, analysts forecast that Frontdoor, Inc. will post 3.14 EPS for the current fiscal year.

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.