Frontdoor, Inc. (NASDAQ:FTDR) Short Interest Down 5.5% in September

Frontdoor, Inc. (NASDAQ:FTDR) saw a significant decrease in short interest in the month of September. As of September 15th, there was short interest totalling 2,770,000 shares, a decrease of 5.5% from the August 31st total of 2,930,000 shares. Currently, 3.6% of the company’s shares are short sold. Based on an average daily trading volume, of 799,600 shares, the days-to-cover ratio is presently 3.5 days.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. William Blair upgraded shares of Frontdoor from a “market perform” rating to an “outperform” rating in a research report on Friday, August 2nd. The Goldman Sachs Group boosted their price objective on shares of Frontdoor from $33.00 to $41.00 and gave the stock a “sell” rating in a research note on Friday, August 2nd. JPMorgan Chase & Co. raised their target price on Frontdoor from $45.00 to $55.00 and gave the stock an “overweight” rating in a research report on Monday, August 12th. Finally, Truist Financial upped their price target on Frontdoor from $45.00 to $56.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Frontdoor presently has an average rating of “Hold” and an average target price of $47.75.

Frontdoor Trading Down 1.8 %

NASDAQ:FTDR opened at $47.11 on Wednesday. Frontdoor has a 52 week low of $28.25 and a 52 week high of $49.43. The company has a debt-to-equity ratio of 2.66, a quick ratio of 1.27 and a current ratio of 1.27. The firm’s fifty day moving average is $45.92 and its 200-day moving average is $38.04. The firm has a market cap of $3.66 billion, a P/E ratio of 20.66 and a beta of 1.04.

Frontdoor (NASDAQ:FTDR) last issued its quarterly earnings results on Thursday, August 1st. The company reported $1.27 EPS for the quarter, beating analysts’ consensus estimates of $1.00 by $0.27. Frontdoor had a net margin of 11.38% and a return on equity of 132.94%. The business had revenue of $542.00 million for the quarter, compared to analysts’ expectations of $536.74 million. During the same quarter in the prior year, the firm posted $0.87 earnings per share. The business’s quarterly revenue was up 3.6% compared to the same quarter last year. Equities analysts expect that Frontdoor will post 2.79 earnings per share for the current year.

Institutional Investors Weigh In On Frontdoor

Several large investors have recently added to or reduced their stakes in FTDR. Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in shares of Frontdoor by 357.1% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 140,800 shares of the company’s stock worth $4,758,000 after buying an additional 110,000 shares in the last quarter. Aristides Capital LLC acquired a new position in shares of Frontdoor during the 2nd quarter valued at $243,000. Quarry LP lifted its position in shares of Frontdoor by 468.1% during the 2nd quarter. Quarry LP now owns 1,085 shares of the company’s stock valued at $37,000 after acquiring an additional 894 shares during the period. Creative Planning boosted its stake in Frontdoor by 7.1% during the second quarter. Creative Planning now owns 15,691 shares of the company’s stock worth $530,000 after acquiring an additional 1,040 shares in the last quarter. Finally, Algert Global LLC grew its holdings in Frontdoor by 7.9% in the second quarter. Algert Global LLC now owns 343,551 shares of the company’s stock worth $11,609,000 after purchasing an additional 25,275 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.