569 Shares in Frontdoor, Inc. (NASDAQ:FTDR) Bought by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC purchased a new stake in Frontdoor, Inc. (NASDAQ:FTDR) during the third quarter, according to its most recent filing with the SEC. The fund purchased 569 shares of the company’s stock, valued at approximately $27,000.

Other hedge funds have also bought and sold shares of the company. GAMMA Investing LLC lifted its position in shares of Frontdoor by 90.7% in the second quarter. GAMMA Investing LLC now owns 879 shares of the company’s stock worth $30,000 after buying an additional 418 shares in the last quarter. Quarry LP increased its stake in Frontdoor by 468.1% in the 2nd quarter. Quarry LP now owns 1,085 shares of the company’s stock worth $37,000 after acquiring an additional 894 shares during the last quarter. Covestor Ltd raised its holdings in shares of Frontdoor by 288.6% during the 1st quarter. Covestor Ltd now owns 1,154 shares of the company’s stock worth $38,000 after acquiring an additional 857 shares in the last quarter. CWM LLC raised its holdings in shares of Frontdoor by 15.8% during the 3rd quarter. CWM LLC now owns 2,695 shares of the company’s stock worth $129,000 after acquiring an additional 367 shares in the last quarter. Finally, nVerses Capital LLC bought a new position in shares of Frontdoor during the 2nd quarter valued at approximately $128,000.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. The Goldman Sachs Group upped their price target on shares of Frontdoor from $33.00 to $41.00 and gave the company a “sell” rating in a research note on Friday, August 2nd. JPMorgan Chase & Co. upped 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 upgraded Frontdoor from a “market perform” rating to an “outperform” rating in a research report on Friday, August 2nd. Finally, Truist Financial boosted their price objective on Frontdoor from $45.00 to $56.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $47.75.

Frontdoor Stock Up 0.1 %

Shares of NASDAQ FTDR opened at $50.01 on Thursday. Frontdoor, Inc. has a 1 year low of $28.25 and a 1 year high of $53.10. The firm has a 50-day simple moving average of $48.42 and a two-hundred day simple moving average of $40.12. The company has a market cap of $3.89 billion, a P/E ratio of 21.93 and a beta of 1.04. 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 (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 for the quarter, compared to the consensus estimate of $536.74 million. During the same period in the prior year, the business posted $0.87 earnings per share. The company’s revenue for the quarter was up 3.6% on a year-over-year basis. Research analysts anticipate that Frontdoor, Inc. will post 2.79 earnings per share for the current year.

Frontdoor 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.