Frontdoor (NASDAQ:FTDR) Shares Down 6% – Should You Sell?

Frontdoor Inc. (NASDAQ:FTDRGet Free Report) shares fell 6% during trading on Monday . The stock traded as low as $87.05 and last traded at $85.35. 72,141 shares were traded during trading, a decline of 88% from the average session volume of 613,329 shares. The stock had previously closed at $90.83.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on FTDR. Truist Financial upped their price target on Frontdoor from $82.00 to $105.00 and gave the stock a “buy” rating in a report on Friday. Oppenheimer boosted their price objective on Frontdoor from $70.00 to $100.00 and gave the stock an “outperform” rating in a research report on Friday. Benchmark upped their target price on shares of Frontdoor from $80.00 to $96.00 and gave the stock a “buy” rating in a research note on Friday. The Goldman Sachs Group restated a “neutral” rating on shares of Frontdoor in a research note on Friday. Finally, Weiss Ratings cut shares of Frontdoor from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, May 21st. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Frontdoor currently has an average rating of “Moderate Buy” and a consensus price target of $92.00.

Check Out Our Latest Report on FTDR

Frontdoor Trading Down 5.4%

The company has a debt-to-equity ratio of 3.98, a current ratio of 1.59 and a quick ratio of 1.59. The business’s 50 day moving average is $72.99 and its 200 day moving average is $64.76. The stock has a market cap of $6.03 billion, a price-to-earnings ratio of 22.73 and a beta of 1.47.

Frontdoor (NASDAQ:FTDRGet Free Report) last posted its quarterly earnings results on Thursday, August 6th. The company reported $1.93 earnings per share for the quarter, beating analysts’ consensus estimates of $1.76 by $0.17. Frontdoor had a return on equity of 120.90% and a net margin of 12.72%.The company had revenue of $645.00 million for the quarter, compared to analysts’ expectations of $643.40 million. During the same period last year, the firm earned $1.63 earnings per share. Frontdoor’s quarterly revenue was up 4.5% on a year-over-year basis. As a group, equities analysts expect that Frontdoor Inc. will post 4.66 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Frontdoor

Several institutional investors have recently added to or reduced their stakes in FTDR. Private Trust Co. NA raised its holdings in Frontdoor by 256.3% during the fourth quarter. Private Trust Co. NA now owns 563 shares of the company’s stock worth $32,000 after purchasing an additional 405 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of Frontdoor by 164.6% in the 2nd 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 boosted its holdings in shares of Frontdoor by 429.5% in the 3rd quarter. Quarry LP now owns 879 shares of the company’s stock valued at $59,000 after buying an additional 713 shares in the last quarter. Global Retirement Partners LLC purchased a new position in shares of Frontdoor in the 2nd quarter valued at $83,000. Finally, Plato Investment Management Ltd purchased a new position in shares of Frontdoor in the 2nd quarter valued at $83,000.

Frontdoor Company Profile

(Get Free Report)

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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