Caprock Group LLC Makes New Investment in Frontdoor, Inc. (NASDAQ:FTDR)

Caprock Group LLC bought a new stake in Frontdoor, Inc. (NASDAQ:FTDR) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 3,806 shares of the company’s stock, valued at approximately $208,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Exchange Traded Concepts LLC purchased a new stake in Frontdoor during the 3rd quarter worth $27,000. V Square Quantitative Management LLC acquired a new position in Frontdoor during the 3rd quarter valued at about $31,000. USA Financial Formulas bought a new stake in shares of Frontdoor during the fourth quarter valued at about $60,000. TD Private Client Wealth LLC acquired a new position in shares of Frontdoor during the 3rd quarter valued at $68,000. Finally, GAMMA Investing LLC boosted its holdings in Frontdoor by 89.6% during the third quarter. GAMMA Investing LLC now owns 1,667 shares of the company’s stock worth $80,000 after buying an additional 788 shares in the last quarter.

Insider Buying and Selling at Frontdoor

In related news, SVP Kathryn M. Collins sold 25,784 shares of the business’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $58.06, for a total transaction 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 approximately $547,447.74. The trade was a 73.22 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Evan Iverson sold 16,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $58.84, for a total value of $941,440.00. Following the completion of the sale, the chief operating officer now directly owns 4,955 shares in the company, valued at $291,552.20. This trade represents a 76.35 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.29% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on FTDR. The Goldman Sachs Group increased their target price on Frontdoor from $41.00 to $46.00 and gave the company a “sell” rating in a report on Tuesday, November 5th. Truist Financial upped their price objective on shares of Frontdoor from $56.00 to $58.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. 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’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $49.50.

Frontdoor Stock Performance

NASDAQ:FTDR opened at $58.92 on Friday. The firm has a market capitalization of $4.47 billion, a PE ratio of 19.51 and a beta of 1.08. Frontdoor, Inc. has a 1 year low of $29.41 and a 1 year high of $63.49. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 2.16. The firm’s fifty day simple moving average is $57.63 and its 200 day simple moving average is $51.96.

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.