Frontdoor, Inc. (NASDAQ:FTDR) SVP Kathryn M. Collins Sells 25,784 Shares of Stock

Frontdoor, Inc. (NASDAQ:FTDR) SVP Kathryn M. Collins sold 25,784 shares of the company’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $58.06, for a total transaction of $1,497,019.04. Following the sale, the senior vice president now owns 9,429 shares of the company’s stock, valued at $547,447.74. This trade represents a 73.22 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Frontdoor Trading Up 1.2 %

Shares of FTDR opened at $59.31 on Friday. The stock’s 50-day moving average price is $54.24 and its 200 day moving average price is $45.78. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 2.16. The firm has a market capitalization of $4.50 billion, a price-to-earnings ratio of 19.64 and a beta of 1.08. Frontdoor, Inc. has a 12-month low of $29.41 and a 12-month high of $60.42.

Frontdoor (NASDAQ:FTDR) last released its quarterly earnings data on Monday, November 4th. The company reported $1.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.33. The business had revenue of $540.00 million for the quarter, compared to analysts’ expectations of $541.88 million. Frontdoor had a return on equity of 132.99% and a net margin of 12.87%. Frontdoor’s quarterly revenue was up 3.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.94 earnings per share. As a group, research analysts predict that Frontdoor, Inc. will post 3.14 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Truist Financial increased their target price on Frontdoor from $56.00 to $58.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. The Goldman Sachs Group increased their price objective on Frontdoor from $41.00 to $46.00 and gave the company a “sell” rating in a research report on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $49.50.

Hedge Funds Weigh In On Frontdoor

Hedge funds have recently made changes to their positions in the business. BOKF NA bought a new stake in Frontdoor in the second quarter valued at about $493,000. Harbor Capital Advisors Inc. boosted its holdings in Frontdoor by 84.0% during the third quarter. Harbor Capital Advisors Inc. now owns 184,408 shares of the company’s stock valued at $8,850,000 after purchasing an additional 84,167 shares in the last quarter. Natixis Advisors LLC bought a new stake in shares of Frontdoor in the 2nd quarter valued at approximately $513,000. Meeder Asset Management Inc. raised its holdings in shares of Frontdoor by 362.8% in the 3rd quarter. Meeder Asset Management Inc. now owns 24,590 shares of the company’s stock worth $1,180,000 after buying an additional 19,277 shares in the last quarter. Finally, Swedbank AB lifted its position in shares of Frontdoor by 112.7% during the 2nd quarter. Swedbank AB now owns 1,210,600 shares of the company’s stock worth $40,906,000 after buying an additional 641,476 shares during the period.

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.