Oppenheimer Asset Management Inc. Purchases 7,420 Shares of Frontdoor, Inc. (NASDAQ:FTDR)

Oppenheimer Asset Management Inc. grew its holdings in Frontdoor, Inc. (NASDAQ:FTDR) by 69.0% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 18,179 shares of the company’s stock after acquiring an additional 7,420 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Frontdoor were worth $614,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of FTDR. GAMMA Investing LLC raised its stake in Frontdoor by 90.7% in the 2nd quarter. GAMMA Investing LLC now owns 879 shares of the company’s stock worth $30,000 after purchasing an additional 418 shares in the last quarter. Isthmus Partners LLC boosted its stake in shares of Frontdoor by 0.5% in the second quarter. Isthmus Partners LLC now owns 110,249 shares of the company’s stock valued at $37,000 after buying an additional 603 shares during the period. Covestor Ltd grew its position in Frontdoor by 288.6% during the first quarter. Covestor Ltd now owns 1,154 shares of the company’s stock worth $38,000 after buying an additional 857 shares in the last quarter. C M Bidwell & Associates Ltd. bought a new position in Frontdoor during the 4th quarter worth $71,000. Finally, Quadrant Capital Group LLC increased its stake in Frontdoor by 13.7% during the 4th quarter. Quadrant Capital Group LLC now owns 2,839 shares of the company’s stock worth $100,000 after acquiring an additional 341 shares during the period.

Frontdoor Stock Down 0.7 %

FTDR stock opened at $48.55 on Friday. The firm has a 50-day moving average price of $44.59 and a 200-day moving average price of $37.23. Frontdoor, Inc. has a 12 month low of $28.25 and a 12 month high of $49.43. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 2.66. The stock has a market capitalization of $3.78 billion, a P/E ratio of 21.29 and a beta of 1.03.

Frontdoor (NASDAQ:FTDR) last issued its quarterly earnings data on Thursday, August 1st. The company reported $1.27 EPS for the quarter, beating the consensus estimate of $1.00 by $0.27. The business had revenue of $542.00 million during the quarter, compared to the consensus estimate of $536.74 million. Frontdoor had a net margin of 11.38% and a return on equity of 132.94%. The firm’s revenue was up 3.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.87 EPS. As a group, equities research analysts anticipate that Frontdoor, Inc. will post 2.79 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently issued reports on FTDR shares. Truist Financial increased their target price on Frontdoor from $45.00 to $56.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. JPMorgan Chase & Co. boosted their target price on shares of Frontdoor from $45.00 to $55.00 and gave the company an “overweight” rating in a research report on Monday, August 12th. William Blair raised shares of Frontdoor from a “market perform” rating to an “outperform” rating in a research note on Friday, August 2nd. Finally, The Goldman Sachs Group upped their target price on Frontdoor from $33.00 to $41.00 and gave the stock a “sell” rating in a research note on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $47.75.

About Frontdoor

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.