First National Bank of Omaha Makes New Investment in Frontdoor Inc. $FTDR

First National Bank of Omaha acquired a new position in shares of Frontdoor Inc. (NASDAQ:FTDR) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 6,637 shares of the company’s stock, valued at approximately $515,000.

A number of other large investors have also recently made changes to their positions in FTDR. Private Trust Co. NA increased its position in shares of Frontdoor by 256.3% in the 4th quarter. Private Trust Co. NA now owns 563 shares of the company’s stock valued at $32,000 after acquiring an additional 405 shares during the period. EverSource Wealth Advisors LLC lifted its position in Frontdoor by 164.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 799 shares of the company’s stock worth $47,000 after acquiring an additional 497 shares during the period. Quarry LP lifted its position in Frontdoor by 429.5% during the 3rd quarter. Quarry LP now owns 879 shares of the company’s stock worth $59,000 after acquiring an additional 713 shares during the period. Global Retirement Partners LLC purchased a new stake in Frontdoor during the 2nd quarter valued at about $83,000. Finally, Plato Investment Management Ltd purchased a new stake in Frontdoor during the 2nd quarter valued at about $83,000.

Analysts Set New Price Targets

FTDR has been the topic of a number of research reports. Benchmark increased their price objective on Frontdoor from $80.00 to $96.00 and gave the company a “buy” rating in a report on Friday, August 7th. Truist Financial lifted their target price on Frontdoor from $82.00 to $105.00 and gave the stock a “buy” rating in a report on Friday, August 7th. Weiss Ratings lowered Frontdoor from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, May 21st. The Goldman Sachs Group reiterated a “neutral” rating on shares of Frontdoor in a report on Friday, August 7th. Finally, Oppenheimer raised their price target on shares of Frontdoor from $70.00 to $100.00 and gave the stock an “outperform” rating in a research report on Friday, August 7th. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $92.00.

Frontdoor Price Performance

NASDAQ:FTDR opened at $82.28 on Thursday. Frontdoor Inc. has a one year low of $48.47 and a one year high of $93.43. The company has a debt-to-equity ratio of 3.98, a quick ratio of 1.59 and a current ratio of 1.59. The firm has a market cap of $5.67 billion, a price-to-earnings ratio of 21.82 and a beta of 1.47. The firm’s fifty day moving average is $76.29 and its two-hundred day moving average is $66.16.

Frontdoor (NASDAQ:FTDR) last announced its quarterly earnings results on Thursday, August 6th. The company reported $1.93 earnings per share for the quarter, topping the consensus estimate of $1.76 by $0.17. The company had revenue of $645.00 million for the quarter, compared to the consensus estimate of $643.40 million. Frontdoor had a return on equity of 120.90% and a net margin of 12.72%.The firm’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period last year, the firm earned $1.63 EPS. Research analysts expect that Frontdoor Inc. will post 4.66 EPS for the current year.

About Frontdoor

Frontdoor, Inc (NASDAQ:FTDR) is a leading provider of home service plans and repair solutions for residential property owners. The company offers contract-based coverage that helps homeowners manage the cost of repairing and replacing essential household systems and appliances, including heating and cooling, plumbing, electrical wiring, water heaters, washers, dryers, refrigerators and other major kitchen equipment.

Frontdoor delivers its services through a nationwide network of independent service professionals and contractors, leveraging a cloud-based platform and call center infrastructure to coordinate service visits and process claims.