Isthmus Partners LLC Acquires 603 Shares of Frontdoor, Inc. (NASDAQ:FTDR)

Isthmus Partners LLC grew its stake in shares of Frontdoor, Inc. (NASDAQ:FTDR) by 0.5% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 110,249 shares of the company’s stock after purchasing an additional 603 shares during the quarter. Isthmus Partners LLC owned about 0.14% of Frontdoor worth $37,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Boston Partners raised its position in shares of Frontdoor by 19.7% in the fourth quarter. Boston Partners now owns 5,692,326 shares of the company’s stock valued at $200,186,000 after purchasing an additional 938,541 shares during the period. Assenagon Asset Management S.A. boosted its position in shares of Frontdoor by 315.8% during the 1st quarter. Assenagon Asset Management S.A. now owns 991,370 shares of the company’s stock worth $32,299,000 after acquiring an additional 752,942 shares in the last quarter. Swedbank AB increased its stake in Frontdoor by 112.7% in the second quarter. Swedbank AB now owns 1,210,600 shares of the company’s stock valued at $40,906,000 after acquiring an additional 641,476 shares during the last quarter. Norges Bank acquired a new position in Frontdoor during the fourth quarter valued at approximately $18,725,000. Finally, Invenomic Capital Management LP lifted its stake in Frontdoor by 57.3% during the first quarter. Invenomic Capital Management LP now owns 1,072,445 shares of the company’s stock worth $34,940,000 after purchasing an additional 390,610 shares during the last quarter.

Analyst Upgrades and Downgrades

FTDR has been the topic of a number of research analyst reports. The Goldman Sachs Group raised their price target on shares of Frontdoor from $33.00 to $41.00 and gave the company a “sell” rating in a research note on Friday, August 2nd. Truist Financial upped their price target on shares of Frontdoor from $45.00 to $56.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. JPMorgan Chase & Co. raised their price objective on Frontdoor from $45.00 to $55.00 and gave the company an “overweight” rating in a report on Monday, August 12th. Finally, William Blair upgraded Frontdoor from a “market perform” rating to an “outperform” rating in a report on Friday, August 2nd. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Frontdoor currently has an average rating of “Hold” and an average price target of $47.75.

Frontdoor Trading Down 0.6 %

Shares of FTDR stock traded down $0.29 on Friday, hitting $47.59. The company had a trading volume of 455,738 shares, compared to its average volume of 751,826. Frontdoor, Inc. has a twelve month low of $28.25 and a twelve month high of $49.21. The company has a debt-to-equity ratio of 2.66, a quick ratio of 1.27 and a current ratio of 1.27. The firm has a market cap of $3.70 billion, a P/E ratio of 20.87 and a beta of 1.04. The stock’s 50-day moving average is $41.77 and its two-hundred day moving average is $36.12.

Frontdoor (NASDAQ:FTDR) last released its earnings results on Thursday, August 1st. The company reported $1.27 earnings per share for the quarter, beating analysts’ consensus estimates of $1.00 by $0.27. Frontdoor had a net margin of 11.38% and a return on equity of 132.94%. The business had revenue of $542.00 million during the quarter, compared to the consensus estimate of $536.74 million. During the same quarter in the prior year, the firm posted $0.87 EPS. The company’s revenue for the quarter was up 3.6% compared to the same quarter last year. On average, equities research analysts anticipate that Frontdoor, Inc. will post 2.73 earnings per share 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.