Frontdoor Inc. (NASDAQ:FTDR – Get Free Report) reached a new 52-week high on Monday . The stock traded as high as $71.63 and last traded at $71.2240, with a volume of 104570 shares changing hands. The stock had previously closed at $68.83.
Wall Street Analyst Weigh In
FTDR has been the topic of several research reports. Benchmark began coverage on Frontdoor in a research report on Thursday, March 26th. They issued a “buy” rating and a $80.00 target price on the stock. Oppenheimer reissued an “outperform” rating and issued a $70.00 target price on shares of Frontdoor in a research note on Thursday, February 26th. Weiss Ratings downgraded Frontdoor from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, May 21st. The Goldman Sachs Group upgraded Frontdoor from a “sell” rating to a “neutral” rating and lifted their target price for the company from $50.00 to $67.00 in a research report on Monday, March 2nd. Finally, Wall Street Zen downgraded Frontdoor from a “buy” rating to a “hold” rating in a report on Sunday, March 8th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Frontdoor currently has a consensus rating of “Moderate Buy” and an average price target of $72.00.
View Our Latest Report on FTDR
Frontdoor Price Performance
Frontdoor (NASDAQ:FTDR – Get Free Report) last announced its earnings results on Thursday, April 30th. The company reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.66 by $0.07. The firm had revenue of $451.00 million during the quarter, compared to analysts’ expectations of $442.28 million. Frontdoor had a return on equity of 118.62% and a net margin of 12.22%.The business’s revenue was up 5.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.64 EPS. Sell-side analysts expect that Frontdoor Inc. will post 4.48 EPS for the current fiscal year.
Hedge Funds Weigh In On Frontdoor
Hedge funds and other institutional investors have recently bought and sold shares of the company. Private Trust Co. NA boosted its holdings in shares of Frontdoor by 256.3% in the fourth quarter. Private Trust Co. NA now owns 563 shares of the company’s stock valued at $32,000 after acquiring an additional 405 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of Frontdoor by 164.6% in the second quarter. EverSource Wealth Advisors LLC now owns 799 shares of the company’s stock valued at $47,000 after buying an additional 497 shares in the last quarter. Quarry LP raised its position in Frontdoor by 429.5% in the third quarter. Quarry LP now owns 879 shares of the company’s stock worth $59,000 after acquiring an additional 713 shares in the last quarter. Global Retirement Partners LLC boosted its position in shares of Frontdoor by 8,376.9% during the 4th quarter. Global Retirement Partners LLC now owns 1,102 shares of the company’s stock worth $64,000 after purchasing an additional 1,089 shares in the last quarter. Finally, LSV Asset Management purchased a new stake in shares of Frontdoor during the 3rd quarter worth $87,000.
About Frontdoor
Frontdoor, Inc (NASDAQ:FTDR) is a leading provider of home service plans and repair solutions for residential property owners. The company offers contract-based coverage that helps homeowners manage the cost of repairing and replacing essential household systems and appliances, including heating and cooling, plumbing, electrical wiring, water heaters, washers, dryers, refrigerators and other major kitchen equipment.
Frontdoor delivers its services through a nationwide network of independent service professionals and contractors, leveraging a cloud-based platform and call center infrastructure to coordinate service visits and process claims.
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