Patriot Financial Group Insurance Agency LLC Purchases Shares of 5,077 Frontdoor Inc. $FTDR

Patriot Financial Group Insurance Agency LLC purchased a new stake in Frontdoor Inc. (NASDAQ:FTDR) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,077 shares of the company’s stock, valued at approximately $299,000.

Several other hedge funds also recently added to or reduced their stakes in FTDR. Caitong International Asset Management Co. Ltd purchased a new position in shares of Frontdoor during the first quarter worth approximately $42,000. IFP Advisors Inc grew its position in shares of Frontdoor by 80,766.7% during the first quarter. IFP Advisors Inc now owns 2,426 shares of the company’s stock worth $93,000 after acquiring an additional 2,423 shares during the last quarter. GAMMA Investing LLC grew its position in shares of Frontdoor by 16.5% during the first quarter. GAMMA Investing LLC now owns 2,447 shares of the company’s stock worth $94,000 after acquiring an additional 347 shares during the last quarter. CWM LLC grew its position in shares of Frontdoor by 91.2% during the first quarter. CWM LLC now owns 2,574 shares of the company’s stock worth $99,000 after acquiring an additional 1,228 shares during the last quarter. Finally, Blue Trust Inc. grew its position in shares of Frontdoor by 70.3% during the first quarter. Blue Trust Inc. now owns 2,780 shares of the company’s stock worth $107,000 after acquiring an additional 1,148 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. The Goldman Sachs Group raised their target price on shares of Frontdoor from $44.00 to $50.00 and gave the stock a “sell” rating in a research report on Wednesday, August 6th. Truist Financial raised their target price on shares of Frontdoor from $67.00 to $71.00 and gave the stock a “buy” rating in a research report on Wednesday, August 6th. Zacks Research upgraded shares of Frontdoor from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 27th. Oppenheimer lifted their price objective on shares of Frontdoor from $56.00 to $63.00 and gave the company an “outperform” rating in a research report on Wednesday, August 6th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Frontdoor in a research report on Saturday, September 27th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Frontdoor has a consensus rating of “Moderate Buy” and a consensus target price of $59.75.

Insider Activity

In other news, SVP Jeffrey Fiarman sold 129,673 shares of Frontdoor stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $56.15, for a total transaction of $7,281,138.95. Following the completion of the transaction, the senior vice president owned 34,646 shares of the company’s stock, valued at $1,945,372.90. The trade was a 78.92% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 1.48% of the stock is owned by company insiders.

Frontdoor Trading Up 0.6%

NASDAQ:FTDR opened at $68.72 on Friday. The company has a market capitalization of $5.01 billion, a PE ratio of 20.27 and a beta of 1.33. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 4.56. Frontdoor Inc. has a 52-week low of $35.61 and a 52-week high of $69.36. The stock has a fifty day simple moving average of $62.22 and a 200-day simple moving average of $54.62.

Frontdoor (NASDAQ:FTDR) last released its quarterly earnings results on Tuesday, August 5th. The company reported $1.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.44 by $0.19. The business had revenue of $617.00 million during the quarter, compared to the consensus estimate of $602.62 million. Frontdoor had a return on equity of 125.21% and a net margin of 13.07%.The business’s revenue was up 13.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.27 EPS. Frontdoor has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. On average, equities research analysts expect that Frontdoor Inc. will post 3.07 earnings per share for the current fiscal year.

Frontdoor Company Profile

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.