Elkfork Partners LLC bought a new position in Frontdoor Inc (NASDAQ:FTDR) in the 2nd quarter, according to its most recent disclosure with the SEC. The firm bought 16,192 shares of the company’s stock, valued at approximately $705,000.
Several other large investors also recently bought and sold shares of FTDR. Synovus Financial Corp purchased a new stake in shares of Frontdoor in the 1st quarter worth about $29,000. Quantamental Technologies LLC purchased a new stake in shares of Frontdoor in the 2nd quarter worth about $74,000. Aperio Group LLC purchased a new stake in shares of Frontdoor in the 2nd quarter worth about $78,000. Huntington National Bank purchased a new stake in shares of Frontdoor in the 2nd quarter worth about $99,000. Finally, Atria Investments LLC purchased a new stake in shares of Frontdoor in the 2nd quarter worth about $108,000. 94.78% of the stock is owned by hedge funds and other institutional investors.
Several equities research analysts have recently commented on the stock. Guggenheim raised their target price on shares of Frontdoor from $43.00 to $55.00 and gave the stock a “buy” rating in a research report on Monday, August 19th. Wells Fargo & Co cut shares of Frontdoor from an “outperform” rating to a “market perform” rating and raised their target price for the stock from $50.00 to $55.00 in a research report on Thursday. Raymond James raised their target price on shares of Frontdoor from $45.00 to $48.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 26th. Buckingham Research cut shares of Frontdoor from a “buy” rating to a “neutral” rating and set a $49.00 target price for the company. in a research report on Wednesday, July 31st. Finally, SunTrust Banks set a $50.00 price target on shares of Frontdoor and gave the stock a “buy” rating in a research note on Wednesday, August 7th. Five analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Frontdoor presently has an average rating of “Buy” and an average target price of $47.85.
Shares of Frontdoor stock opened at $46.98 on Friday. The firm has a market cap of $4.40 billion and a price-to-earnings ratio of 26.54. Frontdoor Inc has a 1 year low of $20.66 and a 1 year high of $53.29. The company has a 50-day moving average of $50.92 and a 200 day moving average of $42.43.
Frontdoor (NASDAQ:FTDR) last released its quarterly earnings data on Wednesday, August 7th. The company reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.23. The business had revenue of $388.00 million during the quarter, compared to analyst estimates of $387.49 million. Frontdoor had a net margin of 10.57% and a negative return on equity of 44.16%. Frontdoor’s revenue was up 9.3% compared to the same quarter last year. During the same period last year, the business earned $0.62 EPS. Equities analysts anticipate that Frontdoor Inc will post 1.84 EPS for the current fiscal year.
frontdoor, inc. provides home service plans in the United States. The company's home service plans cover the repair or replacement of components of up to 21 household systems and appliances, including electrical, plumbing, water heaters, refrigerators, dishwashers, and ranges/ovens/cooktops, as well as central heating, ventilation and air conditioning systems.
Recommended Story: Understanding Market Liquidity
Receive News & Ratings for Frontdoor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Frontdoor and related companies with MarketBeat.com's FREE daily email newsletter.