VIRGINIA RETIREMENT SYSTEMS ET Al Buys New Shares in Frontdoor Inc. $FTDR

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Frontdoor Inc. (NASDAQ:FTDR) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 46,699 shares of the company’s stock, valued at approximately $2,752,000. VIRGINIA RETIREMENT SYSTEMS ET Al owned about 0.06% of Frontdoor as of its most recent SEC filing.

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

Frontdoor Stock Performance

Frontdoor stock opened at $67.40 on Wednesday. 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 firm has a 50-day moving average of $64.26 and a 200-day moving average of $56.91. The firm has a market cap of $4.91 billion, a P/E ratio of 19.88 and a beta of 1.33. Frontdoor Inc. has a 1-year low of $35.61 and a 1-year high of $69.36.

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on FTDR shares. Zacks Research cut Frontdoor from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 10th. Oppenheimer raised their price objective on Frontdoor from $56.00 to $63.00 and gave the company an “outperform” rating in a research note on Wednesday, August 6th. Truist Financial raised their price objective on Frontdoor from $67.00 to $71.00 and gave the company a “buy” rating in a research note on Wednesday, August 6th. Weiss Ratings cut Frontdoor from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, October 8th. Finally, The Goldman Sachs Group raised their price objective on Frontdoor from $44.00 to $50.00 and gave the company a “sell” rating in a research note on Wednesday, August 6th. Two research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $59.75.

Insider Buying and Selling at Frontdoor

In other news, SVP Jeffrey Fiarman sold 129,673 shares of the stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $56.15, for a total transaction of $7,281,138.95. Following the completion of the sale, the senior vice president directly owned 34,646 shares in the company, valued at approximately $1,945,372.90. This represents a 78.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.48% of the company’s stock.

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.