Frontdoor, Inc. (NASDAQ:FTDR) Shares Sold by Everence Capital Management Inc.

Everence Capital Management Inc. lessened its holdings in shares of Frontdoor, Inc. (NASDAQ:FTDR) by 39.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,780 shares of the company’s stock after selling 5,610 shares during the period. Everence Capital Management Inc.’s holdings in Frontdoor were worth $480,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Exchange Traded Concepts LLC purchased a new position in shares of Frontdoor in the 3rd quarter valued at about $27,000. V Square Quantitative Management LLC purchased a new position in Frontdoor in the 3rd quarter valued at approximately $31,000. Quarry LP raised its holdings in Frontdoor by 468.1% during the second quarter. Quarry LP now owns 1,085 shares of the company’s stock worth $37,000 after purchasing an additional 894 shares during the last quarter. TD Private Client Wealth LLC purchased a new stake in Frontdoor during the third quarter worth $68,000. Finally, GAMMA Investing LLC grew its holdings in Frontdoor by 89.6% in the third quarter. GAMMA Investing LLC now owns 1,667 shares of the company’s stock valued at $80,000 after purchasing an additional 788 shares during the last quarter.

Frontdoor Trading Up 0.1 %

Shares of NASDAQ FTDR opened at $54.89 on Monday. The company has a market cap of $4.16 billion, a price-to-earnings ratio of 18.18 and a beta of 1.08. The stock’s 50 day simple moving average is $56.17 and its 200 day simple moving average is $48.25. 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 12-month low of $29.41 and a 12-month high of $60.42.

Frontdoor (NASDAQ:FTDR) last announced its quarterly earnings results on Monday, November 4th. The company reported $1.38 EPS for the quarter, beating the consensus estimate of $1.05 by $0.33. The company 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%. Frontdoor’s revenue was up 3.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.94 earnings per share. Equities research analysts expect that Frontdoor, Inc. will post 3.14 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. The Goldman Sachs Group boosted their price target on Frontdoor from $41.00 to $46.00 and gave the stock a “sell” rating in a report on Tuesday, November 5th. Truist Financial lifted their price target on Frontdoor from $56.00 to $58.00 and gave the company 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $49.50.

Insider Activity at Frontdoor

In other news, SVP Kathryn M. Collins sold 25,784 shares of the stock in a transaction on 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 sale, the senior vice president now owns 9,429 shares in the company, valued at approximately $547,447.74. This represents a 73.22 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 value of $941,440.00. Following the completion of the transaction, the chief operating officer now owns 4,955 shares in the company, valued at $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. Company insiders own 0.29% of the company’s stock.

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.