Frontdoor (NASDAQ:FTDR) Price Target Raised to $67.00 at Truist Financial

Frontdoor (NASDAQ:FTDR) had its target price lifted by Truist Financial from $58.00 to $67.00 in a research note published on Friday,Benzinga reports. Truist Financial currently has a buy rating on the stock.

Separately, The Goldman Sachs Group raised their price objective on shares of Frontdoor from $41.00 to $46.00 and gave the company a “sell” rating in a research report on Tuesday, November 5th. One 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. Based on data from MarketBeat, Frontdoor has a consensus rating of “Hold” and a consensus price target of $51.75.

Frontdoor Price Performance

Shares of NASDAQ:FTDR opened at $59.46 on Friday. 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 company has a market cap of $4.51 billion, a P/E ratio of 19.69 and a beta of 1.08. Frontdoor has a 52 week low of $29.41 and a 52 week high of $63.49. The company has a 50-day moving average price of $57.64 and a 200 day moving average price of $52.83.

Insider Activity

In other news, SVP Kathryn M. Collins sold 25,784 shares of Frontdoor 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 sale, the senior vice president now directly owns 9,429 shares in the company, valued at approximately $547,447.74. This trade represents a 73.22 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Evan Iverson sold 16,000 shares of Frontdoor 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 owns 4,955 shares of the company’s stock, valued at approximately $291,552.20. The trade was a 76.35 % 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.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Exchange Traded Concepts LLC acquired a new position in shares of Frontdoor during the 3rd quarter worth approximately $27,000. Bessemer Group Inc. raised its position in shares of Frontdoor by 514.7% during the 4th quarter. Bessemer Group Inc. now owns 627 shares of the company’s stock worth $34,000 after purchasing an additional 525 shares during the last quarter. V Square Quantitative Management LLC acquired a new position in shares of Frontdoor during the 3rd quarter worth approximately $31,000. USA Financial Formulas acquired a new position in shares of Frontdoor during the 4th quarter worth approximately $60,000. Finally, TD Private Client Wealth LLC acquired a new position in shares of Frontdoor during the 3rd quarter worth approximately $68,000.

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.