Quest Partners LLC Increases Stock Holdings in Frontdoor, Inc. (NASDAQ:FTDR)

Quest Partners LLC increased its stake in shares of Frontdoor, Inc. (NASDAQ:FTDR) by 2.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,488 shares of the company’s stock after buying an additional 707 shares during the quarter. Quest Partners LLC’s holdings in Frontdoor were worth $1,559,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of FTDR. Exchange Traded Concepts LLC purchased a new stake in shares of Frontdoor in the third quarter valued at about $27,000. GAMMA Investing LLC increased its stake in Frontdoor by 90.7% in the 2nd quarter. GAMMA Investing LLC now owns 879 shares of the company’s stock valued at $30,000 after buying an additional 418 shares during the last quarter. V Square Quantitative Management LLC bought a new position in shares of Frontdoor during the 3rd quarter worth approximately $31,000. Isthmus Partners LLC boosted its stake in shares of Frontdoor by 0.5% in the 2nd quarter. Isthmus Partners LLC now owns 110,249 shares of the company’s stock worth $37,000 after buying an additional 603 shares during the last quarter. Finally, Quarry LP grew its holdings in shares of Frontdoor by 468.1% in the second quarter. Quarry LP now owns 1,085 shares of the company’s stock valued at $37,000 after acquiring an additional 894 shares in the last quarter.

Analyst Ratings Changes

A number of equities research analysts recently commented on FTDR shares. The Goldman Sachs Group lifted their price target on shares of Frontdoor from $41.00 to $46.00 and gave the stock a “sell” rating in a report on Tuesday, November 5th. William Blair upgraded shares of Frontdoor from a “market perform” rating to an “outperform” rating in a research note on Friday, August 2nd. Truist Financial upped their price target on shares of Frontdoor from $56.00 to $58.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Frontdoor from $45.00 to $55.00 and gave the company an “overweight” rating in a research note on Monday, August 12th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Frontdoor presently has an average rating of “Hold” and a consensus price target of $49.50.

Frontdoor Trading Down 0.3 %

Shares of Frontdoor stock opened at $54.10 on Wednesday. The company’s 50-day moving average price is $50.72 and its 200-day moving average price is $43.23. 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 $58.86. The company has a market cap of $4.10 billion, a price-to-earnings ratio of 17.91 and a beta of 1.03.

Frontdoor (NASDAQ:FTDR) last posted its earnings results on Monday, November 4th. The company reported $1.38 earnings per share for the quarter, topping analysts’ consensus estimates of $1.05 by $0.33. Frontdoor had a net margin of 12.87% and a return on equity of 132.99%. The business had revenue of $540.00 million for the quarter, compared to analyst estimates of $541.88 million. During the same quarter in the prior year, the firm posted $0.94 EPS. Frontdoor’s revenue was up 3.1% on a year-over-year basis. On average, equities analysts expect that Frontdoor, Inc. will post 3.14 earnings per share for the current fiscal year.

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.