Public Sector Pension Investment Board Has $7.79 Million Stock Position in Frontdoor, Inc. (NASDAQ:FTDR)

Public Sector Pension Investment Board lowered its position in shares of Frontdoor, Inc. (NASDAQ:FTDR) by 5.1% in the third quarter, HoldingsChannel reports. The fund owned 162,318 shares of the company’s stock after selling 8,800 shares during the period. Public Sector Pension Investment Board’s holdings in Frontdoor were worth $7,790,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD raised its stake in Frontdoor by 5.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 64,153 shares of the company’s stock valued at $2,091,000 after acquiring an additional 3,183 shares during the period. Tidal Investments LLC increased its position in Frontdoor by 2.2% during the 1st quarter. Tidal Investments LLC now owns 15,740 shares of the company’s stock worth $513,000 after buying an additional 344 shares during the period. Swedbank AB bought a new position in Frontdoor during the 1st quarter worth $18,542,000. GAMMA Investing LLC increased its position in Frontdoor by 90.7% during the 2nd quarter. GAMMA Investing LLC now owns 879 shares of the company’s stock worth $30,000 after buying an additional 418 shares during the period. Finally, Harbor Capital Advisors Inc. increased its position in Frontdoor by 276.1% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 100,241 shares of the company’s stock worth $3,387,000 after buying an additional 73,590 shares during the period.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on FTDR shares. William Blair upgraded Frontdoor from a “market perform” rating to an “outperform” rating in a research report on Friday, August 2nd. JPMorgan Chase & Co. increased their target price on Frontdoor from $45.00 to $55.00 and gave the stock an “overweight” rating in a report on Monday, August 12th. The Goldman Sachs Group increased their target price on Frontdoor from $41.00 to $46.00 and gave the stock a “sell” rating in a report on Tuesday, November 5th. Finally, Truist Financial increased their target price on Frontdoor from $56.00 to $58.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Frontdoor currently has an average rating of “Hold” and an average target price of $49.50.

Frontdoor Stock Performance

NASDAQ:FTDR opened at $58.60 on Friday. The stock’s 50-day simple moving average is $52.11 and its 200 day simple moving average is $44.20. The firm has a market capitalization of $4.44 billion, a PE ratio of 19.26 and a beta of 1.03. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 2.16. Frontdoor, Inc. has a twelve month low of $29.41 and a twelve month high of $60.42.

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

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.