Aristides Capital LLC Buys 1,165 Shares of Frontdoor, Inc. (NASDAQ:FTDR)

Aristides Capital LLC raised its stake in shares of Frontdoor, Inc. (NASDAQ:FTDR) by 24.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,850 shares of the company’s stock after purchasing an additional 1,165 shares during the period. Aristides Capital LLC’s holdings in Frontdoor were worth $320,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in Frontdoor by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 9,674,278 shares of the company’s stock valued at $528,893,000 after buying an additional 78,134 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Frontdoor by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 2,127,553 shares of the company’s stock worth $116,336,000 after acquiring an additional 14,079 shares in the last quarter. Jupiter Asset Management Ltd. boosted its position in shares of Frontdoor by 7.1% during the 4th quarter. Jupiter Asset Management Ltd. now owns 419,109 shares of the company’s stock valued at $22,913,000 after acquiring an additional 27,610 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of Frontdoor by 3.1% in the fourth quarter. Principal Financial Group Inc. now owns 399,821 shares of the company’s stock valued at $21,858,000 after purchasing an additional 11,854 shares in the last quarter. Finally, Federated Hermes Inc. increased its position in Frontdoor by 2.1% in the fourth quarter. Federated Hermes Inc. now owns 334,412 shares of the company’s stock worth $18,282,000 after purchasing an additional 6,850 shares during the last quarter.

Frontdoor Stock Performance

Shares of NASDAQ:FTDR opened at $37.96 on Monday. 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, Inc. has a 12 month low of $29.41 and a 12 month high of $63.49. The company has a market capitalization of $2.83 billion, a price-to-earnings ratio of 12.57 and a beta of 1.19. The firm’s 50-day moving average is $48.41 and its 200 day moving average is $52.19.

Analyst Ratings Changes

A number of brokerages have commented on FTDR. The Goldman Sachs Group dropped their price objective on shares of Frontdoor from $46.00 to $40.00 and set a “sell” rating for the company in a research note on Monday, March 3rd. Truist Financial boosted their price objective on Frontdoor from $58.00 to $67.00 and gave the stock a “buy” rating in a research note on Friday, February 14th. One 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’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $50.25.

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.