MML Investors Services LLC Makes New Investment in Frontdoor, Inc. (NASDAQ:FTDR)

MML Investors Services LLC bought a new position in shares of Frontdoor, Inc. (NASDAQ:FTDR) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 7,863 shares of the company’s stock, valued at approximately $377,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Orion Portfolio Solutions LLC bought a new stake in Frontdoor during the third quarter worth $247,000. Point72 DIFC Ltd boosted its holdings in Frontdoor by 126.6% during the 3rd quarter. Point72 DIFC Ltd now owns 6,917 shares of the company’s stock worth $332,000 after acquiring an additional 3,864 shares during the last quarter. Janus Henderson Group PLC grew its stake in shares of Frontdoor by 43.1% in the 3rd quarter. Janus Henderson Group PLC now owns 90,542 shares of the company’s stock worth $4,347,000 after acquiring an additional 27,280 shares in the last quarter. Centiva Capital LP raised its holdings in shares of Frontdoor by 100.3% in the third quarter. Centiva Capital LP now owns 15,914 shares of the company’s stock valued at $764,000 after purchasing an additional 7,968 shares during the last quarter. Finally, ClearAlpha Technologies LP bought a new position in shares of Frontdoor during the third quarter valued at about $249,000.

Insider Buying and Selling at Frontdoor

In other Frontdoor news, COO Evan Iverson sold 16,000 shares of Frontdoor stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $58.84, for a total transaction of $941,440.00. Following the completion of the transaction, the chief operating officer now owns 4,955 shares in the company, valued at approximately $291,552.20. The trade was a 76.35 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Kathryn M. Collins sold 25,784 shares of the business’s stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $58.06, for a total value of $1,497,019.04. Following the completion of the transaction, the senior vice president now owns 9,429 shares of the company’s stock, valued at $547,447.74. This represents a 73.22 % decrease in their position. The disclosure for this sale can be found here. 0.89% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have issued reports on FTDR. The Goldman Sachs Group upped their price objective on shares of Frontdoor from $41.00 to $46.00 and gave the stock a “sell” rating in a research report on Tuesday, November 5th. Truist Financial upped their target price on Frontdoor from $56.00 to $58.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Frontdoor presently has a consensus rating of “Hold” and a consensus price target of $49.50.

Frontdoor Stock Performance

NASDAQ:FTDR opened at $56.48 on Wednesday. The company has a debt-to-equity ratio of 2.16, a quick ratio of 1.42 and a current ratio of 1.42. Frontdoor, Inc. has a fifty-two week low of $29.41 and a fifty-two week high of $60.42. The firm has a market cap of $4.28 billion, a PE ratio of 18.70 and a beta of 1.08. The business has a 50 day moving average price of $55.46 and a 200-day moving average price of $47.10.

Frontdoor (NASDAQ:FTDR) last announced its quarterly earnings results on Monday, November 4th. The company reported $1.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.05 by $0.33. The business had revenue of $540.00 million for the quarter, compared to analyst estimates of $541.88 million. Frontdoor had a net margin of 12.87% and a return on equity of 132.99%. The company’s revenue was up 3.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.94 EPS. Equities research analysts predict that Frontdoor, Inc. will post 3.14 earnings per share 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.