Proficio Capital Partners LLC Buys Shares of 40,674 Frontdoor, Inc. (NASDAQ:FTDR)

Proficio Capital Partners LLC purchased a new position in shares of Frontdoor, Inc. (NASDAQ:FTDR) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 40,674 shares of the company’s stock, valued at approximately $2,224,000. Proficio Capital Partners LLC owned 0.05% of Frontdoor at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the business. Meeder Asset Management Inc. increased its stake in Frontdoor by 362.8% during the 3rd quarter. Meeder Asset Management Inc. now owns 24,590 shares of the company’s stock worth $1,180,000 after purchasing an additional 19,277 shares in the last quarter. Verition Fund Management LLC boosted its holdings in shares of Frontdoor by 255.5% in the third quarter. Verition Fund Management LLC now owns 21,757 shares of the company’s stock valued at $1,044,000 after buying an additional 15,637 shares during the period. Atria Investments Inc bought a new stake in shares of Frontdoor during the third quarter worth $315,000. Geode Capital Management LLC raised its holdings in shares of Frontdoor by 3.7% during the third quarter. Geode Capital Management LLC now owns 2,113,474 shares of the company’s stock worth $101,442,000 after acquiring an additional 74,542 shares during the period. Finally, Blue Trust Inc. lifted its position in 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 acquiring an additional 1,239 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on FTDR shares. Truist Financial increased their target price on Frontdoor from $58.00 to $67.00 and gave the stock a “buy” rating in a report on Friday, February 14th. The Goldman Sachs Group decreased their price objective on Frontdoor from $46.00 to $40.00 and set a “sell” rating for the company in a report on Monday, March 3rd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Frontdoor presently has an average rating of “Hold” and a consensus price target of $50.25.

Frontdoor Stock Down 2.1 %

Frontdoor stock opened at $37.07 on Wednesday. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 2.16. Frontdoor, Inc. has a 1-year low of $29.41 and a 1-year high of $63.49. The company has a fifty day simple moving average of $53.36 and a 200 day simple moving average of $53.07. The company has a market cap of $2.77 billion, a P/E ratio of 12.27 and a beta of 1.18.

Frontdoor 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.