Oppenheimer & Co. Inc. Invests $467,000 in Frontdoor, Inc. (NASDAQ:FTDR)

Oppenheimer & Co. Inc. bought a new stake in Frontdoor, Inc. (NASDAQ:FTDR) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 8,538 shares of the company’s stock, valued at approximately $467,000.

A number of other institutional investors have also added to or reduced their stakes in the company. USA Financial Formulas acquired a new stake in Frontdoor in the 4th quarter valued at $60,000. TD Private Client Wealth LLC acquired a new stake in shares of Frontdoor in the 3rd quarter valued at $68,000. Blue Trust Inc. grew its holdings in shares of Frontdoor by 315.3% in the 4th quarter. Blue Trust Inc. now owns 1,632 shares of the company’s stock worth $89,000 after purchasing an additional 1,239 shares during the last quarter. Nkcfo LLC acquired a new stake in shares of Frontdoor during the 4th quarter worth about $96,000. Finally, GAMMA Investing LLC lifted its holdings in Frontdoor by 26.0% during the 4th quarter. GAMMA Investing LLC now owns 2,100 shares of the company’s stock valued at $115,000 after purchasing an additional 433 shares during the last quarter.

Insider Transactions at Frontdoor

In related news, COO Evan Iverson sold 16,000 shares of the company’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $58.84, for a total value of $941,440.00. Following the sale, the chief operating officer now owns 4,955 shares in the company, valued at $291,552.20. This represents a 76.35 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Kathryn M. Collins sold 25,784 shares of the stock in a transaction dated 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 trade represents a 73.22 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.89% of the company’s stock.

Analyst Upgrades and Downgrades

FTDR has been the topic of a number of recent analyst reports. The Goldman Sachs Group reduced their price objective on Frontdoor from $46.00 to $40.00 and set a “sell” rating on the stock in a research note on Monday, March 3rd. Truist Financial upped their target price on shares of Frontdoor from $58.00 to $67.00 and gave the company a “buy” rating in a research note on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $50.25.

Frontdoor Stock Down 3.2 %

Shares of NASDAQ FTDR opened at $39.44 on Friday. The stock’s fifty day moving average is $56.05 and its 200 day moving average is $53.54. The stock has a market capitalization of $2.95 billion, a P/E ratio of 13.06 and a beta of 1.18. 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, Inc. has a 52 week low of $29.41 and a 52 week high of $63.49.

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.