Royce & Associates LP Has $8.48 Million Stock Holdings in Frontdoor, Inc. (NASDAQ:FTDR)

Royce & Associates LP decreased its holdings in shares of Frontdoor, Inc. (NASDAQ:FTDR) by 13.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 155,037 shares of the company’s stock after selling 24,294 shares during the quarter. Royce & Associates LP owned approximately 0.20% of Frontdoor worth $8,476,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. USA Financial Formulas acquired a new position in Frontdoor during the fourth quarter worth $60,000. TD Private Client Wealth LLC acquired a new position in shares of Frontdoor during the 3rd quarter valued at about $68,000. Blue Trust Inc. increased its holdings in shares of Frontdoor by 315.3% during the 4th quarter. Blue Trust Inc. now owns 1,632 shares of the company’s stock valued at $89,000 after acquiring an additional 1,239 shares during the last quarter. Nkcfo LLC bought a new position in shares of Frontdoor in the 4th quarter valued at approximately $96,000. Finally, GAMMA Investing LLC lifted its holdings in Frontdoor by 26.0% in the 4th quarter. GAMMA Investing LLC now owns 2,100 shares of the company’s stock worth $115,000 after purchasing an additional 433 shares during the last quarter.

Analyst Upgrades and Downgrades

Several brokerages have commented on FTDR. The Goldman Sachs Group lowered their price target on Frontdoor from $46.00 to $40.00 and set a “sell” rating on the stock in a report on Monday, March 3rd. Truist Financial raised their target price on shares of Frontdoor from $58.00 to $67.00 and gave the company a “buy” rating in a research note on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Frontdoor presently has a consensus rating of “Hold” and an average target price of $50.25.

Frontdoor Stock Performance

Shares of NASDAQ FTDR opened at $37.07 on Wednesday. Frontdoor, Inc. has a 12 month low of $29.41 and a 12 month high of $63.49. The company has a market cap of $2.77 billion, a P/E ratio of 12.27 and a beta of 1.18. The business’s 50 day moving average is $53.36 and its two-hundred day moving average is $53.07. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 2.16.

Frontdoor 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.