Cavalier Investments LLC Sells 598 Shares of Frontdoor Inc. $FTDR

Cavalier Investments LLC cut its stake in shares of Frontdoor Inc. (NASDAQ:FTDR) by 1.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 30,094 shares of the company’s stock after selling 598 shares during the quarter. Cavalier Investments LLC’s holdings in Frontdoor were worth $1,774,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd bought a new position in shares of Frontdoor during the 1st quarter valued at approximately $42,000. IFP Advisors Inc grew its stake in shares of Frontdoor by 80,766.7% during the 1st quarter. IFP Advisors Inc now owns 2,426 shares of the company’s stock valued at $93,000 after acquiring an additional 2,423 shares during the period. GAMMA Investing LLC grew its stake in shares of Frontdoor by 16.5% during the 1st quarter. GAMMA Investing LLC now owns 2,447 shares of the company’s stock valued at $94,000 after acquiring an additional 347 shares during the period. CWM LLC grew its stake in shares of Frontdoor by 91.2% during the 1st quarter. CWM LLC now owns 2,574 shares of the company’s stock valued at $99,000 after acquiring an additional 1,228 shares during the period. Finally, Blue Trust Inc. grew its stake in shares of Frontdoor by 70.3% during the 1st quarter. Blue Trust Inc. now owns 2,780 shares of the company’s stock valued at $107,000 after acquiring an additional 1,148 shares during the period.

Wall Street Analyst Weigh In

FTDR has been the subject of a number of recent research reports. Oppenheimer boosted their price objective on Frontdoor from $56.00 to $63.00 and gave the company an “outperform” rating in a research note on Wednesday, August 6th. Zacks Research downgraded Frontdoor from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 10th. The Goldman Sachs Group boosted their price objective on Frontdoor from $44.00 to $50.00 and gave the company a “sell” rating in a research note on Wednesday, August 6th. Truist Financial boosted their price target on Frontdoor from $67.00 to $71.00 and gave the stock a “buy” rating in a report on Wednesday, August 6th. Finally, Weiss Ratings cut Frontdoor from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $59.75.

Insider Activity

In other news, SVP Jeffrey Fiarman sold 129,673 shares of the company’s stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $56.15, for a total transaction of $7,281,138.95. Following the sale, the senior vice president directly owned 34,646 shares of the company’s stock, valued at $1,945,372.90. This represents a 78.92% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.48% of the stock is owned by company insiders.

Frontdoor Stock Up 1.7%

NASDAQ FTDR opened at $67.40 on Wednesday. The stock’s 50 day moving average is $64.26 and its 200 day moving average is $56.91. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 4.56. Frontdoor Inc. has a 12 month low of $35.61 and a 12 month high of $69.36. The stock has a market cap of $4.91 billion, a PE ratio of 19.88 and a beta of 1.33.

Frontdoor (NASDAQ:FTDR) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $1.63 EPS for the quarter, topping analysts’ consensus estimates of $1.44 by $0.19. Frontdoor had a return on equity of 125.21% and a net margin of 13.07%.The company had revenue of $617.00 million for the quarter, compared to analysts’ expectations of $602.62 million. During the same period in the previous year, the firm earned $1.27 EPS. The firm’s revenue was up 13.8% compared to the same quarter last year. Frontdoor has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. Research analysts predict that Frontdoor Inc. will post 3.07 EPS for the current fiscal year.

Frontdoor Company 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.