Man Group plc Makes New $3.20 Million Investment in Frontdoor Inc. $FTDR

Man Group plc bought a new position in shares of Frontdoor Inc. (NASDAQ:FTDR – Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 41,211 shares of the company’s stock, valued at approximately $3,198,000. Man Group plc owned approximately 0.06% of Frontdoor at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Keating Financial Advisory Services Inc. acquired a new position in Frontdoor during the second quarter worth $25,000. EverSource Wealth Advisors LLC lifted its holdings in 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 acquiring an additional 497 shares during the period. Quarry LP boosted its position in shares of Frontdoor by 429.5% during the 3rd quarter. Quarry LP now owns 879 shares of the company’s stock worth $59,000 after purchasing 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, Plato Investment Management Ltd acquired a new position in shares of Frontdoor during the 2nd quarter worth $83,000.

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Frontdoor Stock Performance

Shares of FTDR opened at $80.87 on Tuesday. Frontdoor Inc. has a 12-month low of $48.47 and a 12-month high of $93.43. The stock has a market cap of $5.57 billion, a P/E ratio of 21.45 and a beta of 1.47. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 3.98. The company has a 50-day moving average of $78.32 and a two-hundred day moving average of $67.58.

Frontdoor (NASDAQ:FTDR – Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The company reported $1.93 earnings per share for the quarter, topping analysts’ consensus estimates of $1.76 by $0.17. Frontdoor had a net margin of 12.72% and a return on equity of 120.90%. The business had revenue of $645.00 million during the quarter, compared to analysts’ expectations of $643.40 million. During the same period last year, the company posted $1.63 EPS. The company’s revenue was up 4.5% on a year-over-year basis. As a group, research analysts predict that Frontdoor Inc. will post 4.67 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Benchmark raised their price objective on shares of Frontdoor from $80.00 to $96.00 and gave the company a “buy” rating in a research note on Friday, August 7th. JPMorgan Chase & Co. initiated coverage on shares of Frontdoor in a research report on Monday, August 24th. They set a “neutral” rating and a $95.00 target price on the stock. The Goldman Sachs Group reiterated a “neutral” rating on shares of Frontdoor in a research report on Friday, August 7th. Truist Financial boosted their price target on Frontdoor from $82.00 to $105.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. Finally, Oppenheimer upped their price target on Frontdoor from $70.00 to $100.00 and gave the stock an “outperform” rating in a report on Friday, August 7th. Five equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $92.60.

Check Out Our Latest Research Report on Frontdoor

Frontdoor Profile

(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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