Swedbank AB boosted its position in Frontdoor Inc. (NASDAQ:FTDR – Free Report) by 6.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,283,600 shares of the company’s stock after purchasing an additional 73,000 shares during the quarter. Swedbank AB’s holdings in Frontdoor were worth $74,051,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in the company. Jefferies Financial Group Inc. purchased a new stake in Frontdoor in the 4th quarter valued at $1,385,000. Global Retirement Partners LLC grew its holdings in Frontdoor by 8,376.9% in the 4th quarter. Global Retirement Partners LLC now owns 1,102 shares of the company’s stock valued at $64,000 after buying an additional 1,089 shares in the last quarter. ProShare Advisors LLC grew its holdings in Frontdoor by 1.7% in the 4th quarter. ProShare Advisors LLC now owns 14,232 shares of the company’s stock valued at $821,000 after buying an additional 236 shares in the last quarter. Convergence Investment Partners LLC grew its holdings in Frontdoor by 46.3% in the 4th quarter. Convergence Investment Partners LLC now owns 21,823 shares of the company’s stock valued at $1,259,000 after buying an additional 6,902 shares in the last quarter. Finally, Versor Investments LP grew its holdings in Frontdoor by 126.7% in the 4th quarter. Versor Investments LP now owns 16,094 shares of the company’s stock valued at $928,000 after buying an additional 8,994 shares in the last quarter.
Wall Street Analysts Forecast Growth
FTDR has been the subject of several analyst reports. Wall Street Zen cut Frontdoor from a “buy” rating to a “hold” rating in a report on Sunday, March 8th. Truist Financial set a $71.00 target price on Frontdoor in a report on Monday, January 26th. Weiss Ratings cut Frontdoor from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday. Oppenheimer restated an “outperform” rating and issued a $70.00 target price on shares of Frontdoor in a report on Thursday, February 26th. Finally, Benchmark initiated coverage on Frontdoor in a report on Thursday, March 26th. They issued a “buy” rating and a $80.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $68.60.
Frontdoor Stock Performance
NASDAQ FTDR opened at $61.30 on Friday. The stock has a market cap of $4.31 billion, a PE ratio of 17.56 and a beta of 1.55. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 4.95. Frontdoor Inc. has a twelve month low of $48.47 and a twelve month high of $70.77. The stock has a fifty day simple moving average of $60.29 and a 200-day simple moving average of $58.38.
Frontdoor (NASDAQ:FTDR – Get Free Report) last released its quarterly earnings results on Thursday, April 30th. The company reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.66 by $0.07. The business 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 company’s revenue was up 5.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.64 EPS. Equities analysts anticipate that Frontdoor Inc. will post 4.48 earnings per share for the current year.
Frontdoor Profile
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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