Frontdoor (NASDAQ:FTDR) Price Target Raised to $67.00

Frontdoor (NASDAQ:FTDR) had its price objective upped by Truist Financial from $58.00 to $67.00 in a research report released on Friday,Benzinga reports. They currently have a buy rating on the stock.

Separately, The Goldman Sachs Group lifted their target price on Frontdoor from $41.00 to $46.00 and gave the stock a “sell” rating in a research report on Tuesday, November 5th. One 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. Based on data from MarketBeat, Frontdoor has a consensus rating of “Hold” and an average price target of $51.75.

Frontdoor Stock Up 1.0 %

FTDR stock opened at $59.46 on Friday. Frontdoor has a twelve month low of $29.41 and a twelve month high of $63.49. The company has a market cap of $4.51 billion, a PE ratio of 19.69 and a beta of 1.08. The business’s 50-day simple moving average is $57.64 and its 200 day simple moving average is $53.02. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 2.16.

Insider Transactions at Frontdoor

In other Frontdoor news, COO Evan Iverson sold 16,000 shares of the company’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $58.84, for a total transaction of $941,440.00. Following the completion of the sale, 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 position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Kathryn M. Collins sold 25,784 shares of the company’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $58.06, for a total transaction of $1,497,019.04. Following the completion of the sale, the senior vice president now owns 9,429 shares of the company’s stock, valued at approximately $547,447.74. This represents a 73.22 % decrease in their position. The disclosure for this sale can be found here. 0.29% of the stock is owned by company insiders.

Institutional Trading of Frontdoor

A number of large investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of Frontdoor by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 9,674,278 shares of the company’s stock worth $528,893,000 after buying an additional 78,134 shares during the last quarter. FIL Ltd raised its holdings in shares of Frontdoor by 8.3% in the 4th quarter. FIL Ltd now owns 2,410,561 shares of the company’s stock valued at $131,785,000 after purchasing an additional 184,051 shares during the period. Geode Capital Management LLC raised its holdings in shares of Frontdoor by 0.7% in the 4th quarter. Geode Capital Management LLC now owns 2,127,553 shares of the company’s stock valued at $116,336,000 after purchasing an additional 14,079 shares during the period. Fuller & Thaler Asset Management Inc. raised its holdings in shares of Frontdoor by 6.3% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 2,067,575 shares of the company’s stock valued at $113,034,000 after purchasing an additional 122,981 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Frontdoor by 0.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,791,666 shares of the company’s stock valued at $97,952,000 after purchasing an additional 10,192 shares during the period.

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.