Magnetar Financial LLC Sells 5,536 Shares of Frontdoor Inc. $FTDR

Magnetar Financial LLC reduced its stake in shares of Frontdoor Inc. (NASDAQ:FTDR) by 53.9% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 4,737 shares of the company’s stock after selling 5,536 shares during the period. Magnetar Financial LLC’s holdings in Frontdoor were worth $279,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. KLP Kapitalforvaltning AS increased its position in shares of Frontdoor by 0.6% during the second quarter. KLP Kapitalforvaltning AS now owns 33,700 shares of the company’s stock worth $1,986,000 after acquiring an additional 200 shares in the last quarter. Blue Trust Inc. boosted its stake in Frontdoor by 9.1% in the 2nd quarter. Blue Trust Inc. now owns 3,032 shares of the company’s stock worth $179,000 after purchasing an additional 252 shares during the period. Bessemer Group Inc. increased its holdings in Frontdoor by 322.1% during the 2nd quarter. Bessemer Group Inc. now owns 515 shares of the company’s stock worth $30,000 after purchasing an additional 393 shares in the last quarter. TD Private Client Wealth LLC raised its stake in shares of Frontdoor by 14.4% in the 2nd quarter. TD Private Client Wealth LLC now owns 3,588 shares of the company’s stock valued at $211,000 after purchasing an additional 452 shares during the period. Finally, Livforsakringsbolaget Skandia Omsesidigt lifted its holdings in shares of Frontdoor by 1.2% in the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 42,200 shares of the company’s stock valued at $2,487,000 after purchasing an additional 500 shares in the last quarter.

Analyst Upgrades and Downgrades

FTDR has been the subject of several recent research reports. Oppenheimer increased their price objective on Frontdoor from $56.00 to $63.00 and gave the stock an “outperform” rating in a report on Wednesday, August 6th. The Goldman Sachs Group upped their price target on Frontdoor from $44.00 to $50.00 and gave the stock a “sell” rating in a research report on Wednesday, August 6th. Truist Financial raised their price target on shares of Frontdoor from $67.00 to $71.00 and gave the stock a “buy” rating in a research note on Wednesday, August 6th. Wall Street Zen lowered shares of Frontdoor from a “buy” rating to a “hold” rating in a research report on Monday. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Frontdoor in a report on Wednesday, November 19th. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $59.75.

Frontdoor Stock Up 2.7%

FTDR stock opened at $53.94 on Wednesday. The company has a market cap of $3.89 billion, a price-to-earnings ratio of 15.37 and a beta of 1.35. Frontdoor Inc. has a twelve month low of $35.61 and a twelve month high of $70.14. The business has a 50 day moving average price of $62.11 and a two-hundred day moving average price of $59.70. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 3.64.

Frontdoor (NASDAQ:FTDR) last released its quarterly earnings data on Wednesday, November 5th. The company reported $1.58 EPS for the quarter, beating the consensus estimate of $1.49 by $0.09. Frontdoor had a return on equity of 122.74% and a net margin of 12.87%.The company had revenue of $618.00 million during the quarter, compared to the consensus estimate of $610.77 million. During the same quarter in the prior year, the firm posted $1.38 EPS. The firm’s revenue for the quarter was up 14.4% compared to the same quarter last year. Frontdoor has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS. Analysts anticipate that Frontdoor Inc. will post 3.07 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.