7,202 Shares in Frontdoor, Inc. (NASDAQ:FTDR) Bought by Aristides Capital LLC

Aristides Capital LLC purchased a new stake in Frontdoor, Inc. (NASDAQ:FTDR) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 7,202 shares of the company’s stock, valued at approximately $243,000.

Other hedge funds also recently bought and sold shares of the company. Norges Bank acquired a new stake in Frontdoor in the fourth quarter valued at approximately $18,725,000. TD Asset Management Inc grew its stake in shares of Frontdoor by 46.7% during the fourth quarter. TD Asset Management Inc now owns 62,200 shares of the company’s stock worth $2,191,000 after purchasing an additional 19,800 shares in the last quarter. Allianz Asset Management GmbH increased its holdings in Frontdoor by 775.6% in the fourth quarter. Allianz Asset Management GmbH now owns 270,189 shares of the company’s stock valued at $9,516,000 after buying an additional 239,333 shares during the last quarter. Seven Eight Capital LP raised its stake in Frontdoor by 47.7% in the fourth quarter. Seven Eight Capital LP now owns 47,101 shares of the company’s stock valued at $1,659,000 after buying an additional 15,219 shares in the last quarter. Finally, C M Bidwell & Associates Ltd. acquired a new position in shares of Frontdoor during the 4th quarter worth about $71,000.

Frontdoor Stock Performance

Shares of Frontdoor stock opened at $47.99 on Tuesday. The stock has a market capitalization of $3.73 billion, a price-to-earnings ratio of 21.05 and a beta of 1.04. The firm’s fifty day simple moving average is $45.92 and its 200-day simple moving average is $38.04. The company has a debt-to-equity ratio of 2.66, a current ratio of 1.27 and a quick ratio of 1.27. Frontdoor, Inc. has a 12 month low of $28.25 and a 12 month high of $49.43.

Frontdoor (NASDAQ:FTDR) last issued its quarterly earnings results on Thursday, August 1st. The company reported $1.27 earnings per share for the quarter, topping the consensus estimate of $1.00 by $0.27. Frontdoor had a return on equity of 132.94% and a net margin of 11.38%. The firm had revenue of $542.00 million during the quarter, compared to the consensus estimate of $536.74 million. During the same period last year, the company earned $0.87 earnings per share. The company’s revenue for the quarter was up 3.6% on a year-over-year basis. As a group, equities analysts forecast that Frontdoor, Inc. will post 2.79 earnings per share for the current year.

Wall Street Analyst Weigh In

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

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.