Frontdoor (NASDAQ:FTDR) Stock Price Expected to Rise, Truist Financial Analyst Says

Frontdoor (NASDAQ:FTDR) had its price target raised by Truist Financial from $58.00 to $67.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has a “buy” rating on the stock. Truist Financial’s target price would suggest a potential upside of 11.83% from the stock’s current price.

Separately, The Goldman Sachs Group boosted their price target on shares of Frontdoor from $41.00 to $46.00 and gave the stock a “sell” rating in a research note on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $51.75.

Frontdoor Trading Up 1.8 %

NASDAQ:FTDR traded up $1.05 on Friday, reaching $59.91. 94,453 shares of the company’s stock were exchanged, compared to its average volume of 624,608. 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 $4.54 billion, a price-to-earnings ratio of 19.82 and a beta of 1.08. The business has a fifty day moving average of $57.62 and a 200-day moving average of $52.69. Frontdoor has a 52-week low of $29.41 and a 52-week high of $63.49.

Insider Buying and Selling

In related news, COO Evan Iverson sold 16,000 shares of the company’s stock in a transaction that occurred 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 approximately $291,552.20. This represents a 76.35 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Kathryn M. Collins sold 25,784 shares of the stock in a transaction that occurred 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 in the company, valued at $547,447.74. This represents a 73.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.29% of the company’s stock.

Hedge Funds Weigh In On Frontdoor

Hedge funds have recently added to or reduced their stakes in the stock. Harbor Capital Advisors Inc. increased its stake in Frontdoor by 84.0% in 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 during the last quarter. Meeder Asset Management Inc. increased its stake in Frontdoor by 362.8% in the third quarter. Meeder Asset Management Inc. now owns 24,590 shares of the company’s stock valued at $1,180,000 after purchasing an additional 19,277 shares during the last quarter. Verition Fund Management LLC increased its stake in Frontdoor by 255.5% in the third quarter. Verition Fund Management LLC now owns 21,757 shares of the company’s stock valued at $1,044,000 after purchasing an additional 15,637 shares during the last quarter. Atria Investments Inc acquired a new stake in shares of Frontdoor in the third quarter valued at approximately $315,000. Finally, Geode Capital Management LLC boosted its holdings in shares of Frontdoor by 3.7% in the third quarter. Geode Capital Management LLC now owns 2,113,474 shares of the company’s stock valued at $101,442,000 after acquiring an additional 74,542 shares during the period.

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.