Frontdoor Inc. $FTDR Shares Acquired by Assetmark Inc.

Assetmark Inc. lifted its holdings in shares of Frontdoor Inc. (NASDAQ:FTDR) by 2.9% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 30,257 shares of the company’s stock after buying an additional 840 shares during the period. Assetmark Inc.’s holdings in Frontdoor were worth $1,783,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in FTDR. GAMMA Investing LLC lifted its holdings in Frontdoor by 16.5% in the 1st quarter. GAMMA Investing LLC now owns 2,447 shares of the company’s stock worth $94,000 after buying an additional 347 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in Frontdoor by 2.3% in the 1st quarter. Principal Financial Group Inc. now owns 408,982 shares of the company’s stock worth $15,713,000 after buying an additional 9,161 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in Frontdoor by 126.1% in the 1st quarter. Envestnet Asset Management Inc. now owns 138,646 shares of the company’s stock worth $5,327,000 after buying an additional 77,330 shares in the last quarter. TD Private Client Wealth LLC lifted its holdings in Frontdoor by 96.4% in the 1st quarter. TD Private Client Wealth LLC now owns 3,136 shares of the company’s stock worth $120,000 after buying an additional 1,539 shares in the last quarter. Finally, Values First Advisors Inc. lifted its holdings in Frontdoor by 22.1% in the 1st quarter. Values First Advisors Inc. now owns 6,645 shares of the company’s stock worth $255,000 after buying an additional 1,201 shares in the last quarter.

Insider Activity at Frontdoor

In other Frontdoor news, SVP Jeffrey Fiarman sold 129,673 shares of the firm’s stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $56.15, for a total value of $7,281,138.95. Following the sale, the senior vice president owned 34,646 shares in the company, valued at approximately $1,945,372.90. This trade represents a 78.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.48% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Weiss Ratings upgraded shares of Frontdoor from a “hold (c+)” rating to a “buy (b-)” rating in a report on Saturday, October 25th. Truist Financial boosted their price objective on shares of Frontdoor from $67.00 to $71.00 and gave the stock a “buy” rating in a report on Wednesday, August 6th. Oppenheimer boosted their target price on shares of Frontdoor from $56.00 to $63.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 6th. The Goldman Sachs Group boosted their target price on shares of Frontdoor from $44.00 to $50.00 and gave the stock a “sell” rating in a research report on Wednesday, August 6th. Finally, Zacks Research downgraded shares of Frontdoor from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 10th. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $59.75.

Frontdoor Price Performance

FTDR opened at $65.74 on Wednesday. The firm has a market cap of $4.79 billion, a price-to-earnings ratio of 19.39 and a beta of 1.35. Frontdoor Inc. has a fifty-two week low of $35.61 and a fifty-two week high of $70.14. The company’s 50-day moving average price is $65.82 and its 200 day moving average price is $59.14. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 4.56.

Frontdoor (NASDAQ:FTDR) last released its quarterly earnings data on Tuesday, August 5th. The company reported $1.63 earnings per share for the quarter, topping the consensus estimate of $1.44 by $0.19. The firm had revenue of $617.00 million for the quarter, compared to analyst estimates of $602.62 million. Frontdoor had a net margin of 13.07% and a return on equity of 125.21%. Frontdoor’s quarterly revenue was up 13.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.27 earnings per share. As a group, sell-side analysts expect that Frontdoor Inc. will post 3.07 earnings per share for the current 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.