Creative Planning Purchases 3,370 Shares of Frontdoor, Inc. (NASDAQ:FTDR)

Creative Planning lifted its position in shares of Frontdoor, Inc. (NASDAQ:FTDR) by 21.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 19,061 shares of the company’s stock after acquiring an additional 3,370 shares during the period. Creative Planning’s holdings in Frontdoor were worth $915,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in FTDR. Exchange Traded Concepts LLC acquired a new position in Frontdoor during the 3rd quarter worth approximately $27,000. GAMMA Investing LLC increased its position in Frontdoor by 90.7% during 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 increased its position in Frontdoor by 0.5% during the 2nd quarter. Isthmus Partners LLC now owns 110,249 shares of the company’s stock worth $37,000 after purchasing an additional 603 shares in the last quarter. Quarry LP increased its position in Frontdoor by 468.1% during the 2nd quarter. Quarry LP now owns 1,085 shares of the company’s stock worth $37,000 after purchasing an additional 894 shares in the last quarter. Finally, Covestor Ltd increased its position in Frontdoor by 288.6% in the 1st quarter. Covestor Ltd now owns 1,154 shares of the company’s stock valued at $38,000 after acquiring an additional 857 shares during the period.

Wall Street Analyst Weigh In

FTDR has been the subject of several recent research reports. William Blair upgraded shares of Frontdoor from a “market perform” rating to an “outperform” rating in a research report on Friday, August 2nd. 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 report on Friday, August 2nd. JPMorgan Chase & Co. upped their price target 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. Finally, Truist Financial upped their price target on shares of Frontdoor from $45.00 to $56.00 and gave the company a “buy” rating in a research report 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 issued a buy rating to the company’s stock. Based on data from MarketBeat, Frontdoor has an average rating of “Hold” and an average target price of $47.75.

Frontdoor Trading Down 0.3 %

FTDR opened at $49.52 on Friday. Frontdoor, Inc. has a twelve month low of $29.41 and a twelve month high of $53.10. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 2.66. The company has a fifty day moving average of $48.79 and a 200-day moving average of $40.87. The stock has a market cap of $3.79 billion, a PE ratio of 18.97 and a beta of 1.04.

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

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.