DekaBank Deutsche Girozentrale Trims Position in Frontdoor Inc. $FTDR

DekaBank Deutsche Girozentrale lessened its stake in Frontdoor Inc. (NASDAQ:FTDR) by 2.8% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 12,804 shares of the company’s stock after selling 368 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Frontdoor were worth $749,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in FTDR. Nuveen LLC purchased a new position in Frontdoor in the 1st quarter worth about $32,213,000. Fiera Capital Corp bought a new position in Frontdoor during the 1st quarter worth about $28,024,000. Fuller & Thaler Asset Management Inc. grew its holdings in Frontdoor by 33.1% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 2,752,723 shares of the company’s stock worth $105,760,000 after acquiring an additional 685,148 shares in the last quarter. Invesco Ltd. grew its holdings in Frontdoor by 46.9% during the 1st quarter. Invesco Ltd. now owns 1,223,776 shares of the company’s stock worth $47,017,000 after acquiring an additional 390,434 shares in the last quarter. Finally, Millennium Management LLC grew its holdings in Frontdoor by 533.0% during the 1st quarter. Millennium Management LLC now owns 307,497 shares of the company’s stock worth $11,814,000 after acquiring an additional 258,920 shares in the last quarter.

Analysts Set New Price Targets

FTDR has been the topic of several recent research reports. The Goldman Sachs Group increased their target price on shares of Frontdoor from $44.00 to $50.00 and gave the stock a “sell” rating in a report on Wednesday, August 6th. Oppenheimer increased their target price on shares of Frontdoor from $56.00 to $63.00 and gave the stock an “outperform” rating in a report on Wednesday, August 6th. Weiss Ratings upgraded shares of Frontdoor from a “hold (c+)” rating to a “buy (b-)” rating in a report on Saturday. Truist Financial increased their target price on shares of Frontdoor from $67.00 to $71.00 and gave the stock a “buy” rating in a report on Wednesday, August 6th. Finally, Zacks Research cut shares of Frontdoor from a “strong-buy” rating to a “hold” rating in a report on Friday, October 10th. Three research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $59.75.

Frontdoor Stock Down 0.8%

NASDAQ:FTDR opened at $68.83 on Monday. Frontdoor Inc. has a fifty-two week low of $35.61 and a fifty-two week high of $70.14. The stock has a market capitalization of $5.01 billion, a P/E ratio of 20.30 and a beta of 1.33. The company has a debt-to-equity ratio of 4.56, a quick ratio of 1.49 and a current ratio of 1.49. The company’s 50-day simple moving average is $64.83 and its 200-day simple moving average is $57.68.

Frontdoor (NASDAQ:FTDR) last released its quarterly earnings results on Tuesday, August 5th. The company reported $1.63 earnings per share for the quarter, beating analysts’ consensus estimates of $1.44 by $0.19. Frontdoor had a net margin of 13.07% and a return on equity of 125.21%. The business had revenue of $617.00 million for the quarter, compared to analysts’ expectations of $602.62 million. During the same period last year, the business earned $1.27 EPS. The company’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. On average, equities analysts anticipate that Frontdoor Inc. will post 3.07 earnings per share for the current fiscal year.

Insider Buying and Selling at Frontdoor

In other news, SVP Jeffrey Fiarman sold 129,673 shares of the firm’s stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $56.15, for a total value of $7,281,138.95. Following the sale, the senior vice president directly owned 34,646 shares in the company, valued at approximately $1,945,372.90. This trade represents a 78.92% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.48% of the company’s stock.

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.