Frontdoor, Inc. (NASDAQ:FTDR) Shares Purchased by Tidal Investments LLC

Tidal Investments LLC boosted its position in shares of Frontdoor, Inc. (NASDAQ:FTDR) by 36.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 42,918 shares of the company’s stock after acquiring an additional 11,369 shares during the quarter. Tidal Investments LLC’s holdings in Frontdoor were worth $2,060,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of FTDR. Diversified Trust Co lifted its position in shares of Frontdoor by 2.5% during the third quarter. Diversified Trust Co now owns 12,130 shares of the company’s stock worth $582,000 after purchasing an additional 299 shares in the last quarter. CWM LLC increased its stake in Frontdoor by 15.8% during the 3rd quarter. CWM LLC now owns 2,695 shares of the company’s stock worth $129,000 after buying an additional 367 shares during the period. Exchange Traded Concepts LLC acquired a new stake in Frontdoor during the 3rd quarter worth approximately $27,000. Isthmus Partners LLC boosted its position in Frontdoor by 0.5% in the 2nd quarter. Isthmus Partners LLC now owns 110,249 shares of the company’s stock valued at $37,000 after buying an additional 603 shares during the period. Finally, V Square Quantitative Management LLC acquired a new position in shares of Frontdoor in the third quarter worth $31,000.

Frontdoor Price Performance

Shares of FTDR opened at $57.77 on Tuesday. The firm has a market capitalization of $4.38 billion, a price-to-earnings ratio of 19.13 and a beta of 1.08. The firm’s fifty day simple moving average is $54.67 and its 200-day simple moving average is $46.26. Frontdoor, Inc. has a twelve month low of $29.41 and a twelve month high of $60.42. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 2.16.

Frontdoor (NASDAQ:FTDR) last posted its quarterly earnings results on Monday, November 4th. The company reported $1.38 earnings per share for the quarter, beating analysts’ consensus estimates of $1.05 by $0.33. The company 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 last year, the firm earned $0.94 earnings per share. Equities analysts forecast that Frontdoor, Inc. will post 3.14 EPS for the current fiscal year.

Insider Buying and Selling

In related news, SVP Kathryn M. Collins sold 25,784 shares of the stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $58.06, for a total value of $1,497,019.04. Following the transaction, the senior vice president now directly owns 9,429 shares of the company’s stock, valued at $547,447.74. This trade represents a 73.22 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Evan Iverson sold 16,000 shares of the business’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 completion of the sale, the chief operating officer now directly owns 4,955 shares of the company’s stock, valued at approximately $291,552.20. This trade represents a 76.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.29% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

FTDR has been the topic of several analyst reports. 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 note on Tuesday, November 5th. Truist Financial increased their price target on Frontdoor from $56.00 to $58.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $49.50.

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.