Measured Wealth Private Client Group LLC Acquires Shares of 5,639 Frontdoor, Inc. (NASDAQ:FTDR)

Measured Wealth Private Client Group LLC bought a new position in shares of Frontdoor, Inc. (NASDAQ:FTDR) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 5,639 shares of the company’s stock, valued at approximately $308,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Castellan Group acquired a new position in shares of Frontdoor in the 3rd quarter valued at approximately $5,881,000. Moody Aldrich Partners LLC acquired a new position in Frontdoor during the third quarter valued at approximately $4,810,000. Harbor Capital Advisors Inc. lifted its stake in Frontdoor by 84.0% during the third quarter. Harbor Capital Advisors Inc. now owns 184,408 shares of the company’s stock worth $8,850,000 after purchasing an additional 84,167 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Frontdoor by 3.7% in the 3rd quarter. Geode Capital Management LLC now owns 2,113,474 shares of the company’s stock valued at $101,442,000 after purchasing an additional 74,542 shares during the last quarter. Finally, Eventide Asset Management LLC acquired a new position in shares of Frontdoor during the 3rd quarter worth $2,942,000.

Analyst Ratings Changes

Several research firms recently weighed in on FTDR. Truist Financial raised their price objective 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 lifted their price target on shares of Frontdoor from $41.00 to $46.00 and gave the company a “sell” rating in a report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $49.50.

Insider Buying and Selling at Frontdoor

In related news, SVP Kathryn M. Collins sold 25,784 shares of Frontdoor stock in a transaction on 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 completion of the transaction, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Evan Iverson sold 16,000 shares of the company’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $58.84, for a total transaction of $941,440.00. Following the sale, the chief operating officer now directly owns 4,955 shares in the company, valued at $291,552.20. This trade represents a 76.35 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.89% of the company’s stock.

Frontdoor Stock Performance

Frontdoor stock opened at $59.58 on Friday. The business has a 50 day moving average of $57.63 and a 200-day moving average of $51.96. The company has a market capitalization of $4.52 billion, a P/E ratio of 19.73 and a beta of 1.08. Frontdoor, Inc. has a 1 year low of $29.41 and a 1 year high of $63.49. The company has a debt-to-equity ratio of 2.16, a current ratio of 1.42 and a quick ratio of 1.42.

Frontdoor (NASDAQ:FTDR) last issued its quarterly earnings results on Monday, November 4th. The company reported $1.38 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.33. The company had revenue of $540.00 million for the quarter, compared to analyst estimates of $541.88 million. Frontdoor had a net margin of 12.87% and a return on equity of 132.99%. Frontdoor’s revenue was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.94 earnings per share. On average, equities research analysts predict that Frontdoor, Inc. will post 3.15 earnings per share for the current 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.