Frontdoor (NASDAQ:FTDR) Price Target Cut to $40.00 by Analysts at The Goldman Sachs Group

Frontdoor (NASDAQ:FTDR) had its target price cut by The Goldman Sachs Group from $46.00 to $40.00 in a report issued on Monday,Benzinga reports. They currently have a sell rating on the stock.

Separately, Truist Financial boosted their price target on Frontdoor from $58.00 to $67.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. 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 stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $50.25.

Frontdoor Stock Down 10.6 %

Shares of FTDR opened at $40.67 on Monday. 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 has a one year low of $29.41 and a one year high of $63.49. The stock has a market capitalization of $3.08 billion, a price-to-earnings ratio of 13.47 and a beta of 1.08. The stock has a 50 day moving average price of $57.24 and a 200 day moving average price of $53.78.

Insider Buying and Selling at Frontdoor

In other Frontdoor news, SVP Kathryn M. Collins sold 25,784 shares of the company’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 sale, the senior vice president now directly owns 9,429 shares in the company, valued at $547,447.74. This represents a 73.22 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 value of $941,440.00. Following the completion of the sale, the chief operating officer now owns 4,955 shares of the company’s stock, valued at approximately $291,552.20. The trade was a 76.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.29% of the stock is owned by company insiders.

Hedge Funds Weigh In On Frontdoor

Several large investors have recently modified their holdings of FTDR. Bessemer Group Inc. lifted its stake in shares of Frontdoor by 514.7% in the 4th quarter. Bessemer Group Inc. now owns 627 shares of the company’s stock valued at $34,000 after purchasing an additional 525 shares during the last quarter. USA Financial Formulas acquired a new position in shares of Frontdoor in the 4th quarter valued at $60,000. TD Private Client Wealth LLC acquired a new position in shares of Frontdoor in the 3rd quarter valued at $68,000. Blue Trust Inc. lifted its stake in shares of Frontdoor by 315.3% in the 4th quarter. Blue Trust Inc. now owns 1,632 shares of the company’s stock valued at $89,000 after purchasing an additional 1,239 shares during the last quarter. Finally, Nkcfo LLC acquired a new position in Frontdoor during the 4th quarter worth about $96,000.

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.