Versor Investments LP Acquires Shares of 5,393 Frontdoor Inc. $FTDR

Versor Investments LP acquired a new stake in Frontdoor Inc. (NASDAQ:FTDR) during the second quarter, Holdings Channel reports. The fund acquired 5,393 shares of the company’s stock, valued at approximately $318,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bessemer Group Inc. increased its stake in shares of Frontdoor by 322.1% in the 2nd quarter. Bessemer Group Inc. now owns 515 shares of the company’s stock worth $30,000 after acquiring an additional 393 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Frontdoor in the 1st quarter worth $42,000. IFP Advisors Inc increased its stake in shares of Frontdoor by 80,766.7% in the 1st 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. CWM LLC increased its stake in shares of Frontdoor by 91.2% in the 1st 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, US Bancorp DE increased its stake in shares of Frontdoor by 22.5% in the 1st quarter. US Bancorp DE now owns 3,008 shares of the company’s stock worth $116,000 after acquiring an additional 553 shares during the last quarter.

Analysts Set New Price Targets

A number of brokerages have issued reports on FTDR. Oppenheimer raised their target price on Frontdoor from $56.00 to $63.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 6th. The Goldman Sachs Group raised their target price on Frontdoor from $44.00 to $50.00 and gave the stock a “sell” rating in a research note on Wednesday, August 6th. Truist Financial raised their target price on Frontdoor from $67.00 to $71.00 and gave the stock a “buy” rating in a research note on Wednesday, August 6th. Zacks Research downgraded Frontdoor from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 10th. Finally, Weiss Ratings raised Frontdoor from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Saturday, October 25th. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $59.75.

Frontdoor Price Performance

FTDR stock opened at $55.26 on Thursday. The business’s fifty day moving average price is $65.69 and its 200 day moving average price is $59.12. Frontdoor Inc. has a 12-month low of $35.61 and a 12-month high of $70.14. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 4.56. The company has a market capitalization of $4.03 billion, a PE ratio of 16.30 and a beta of 1.35.

Frontdoor (NASDAQ:FTDR) last announced its earnings results on Wednesday, November 5th. The company reported $1.58 EPS for the quarter, beating analysts’ consensus estimates of $1.49 by $0.09. Frontdoor had a return on equity of 125.21% and a net margin of 13.07%.The company had revenue of $618.00 million during the quarter, compared to analysts’ expectations of $610.77 million. During the same period last year, the business posted $1.38 EPS. Frontdoor’s revenue for the quarter was up 14.4% on a year-over-year basis. Frontdoor has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS. On average, sell-side analysts anticipate that Frontdoor Inc. will post 3.07 EPS for the current 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.