Evolve Private Wealth LLC Takes $907,000 Position in Frontdoor Inc. $FTDR

Evolve Private Wealth LLC acquired a new position in Frontdoor Inc. (NASDAQ:FTDR) during the second quarter, according to the company in its most recent filing with the SEC. The fund acquired 11,689 shares of the company’s stock, valued at approximately $907,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Frontdoor by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 45,846 shares of the company’s stock worth $1,761,000 after purchasing an additional 1,994 shares during the last quarter. Millennium Management LLC lifted its stake in Frontdoor by 533.0% in the first quarter. Millennium Management LLC now owns 307,497 shares of the company’s stock valued at $11,814,000 after buying an additional 258,920 shares during the last quarter. Empowered Funds LLC boosted its stake in Frontdoor by 10.5% during the 1st quarter. Empowered Funds LLC now owns 11,008 shares of the company’s stock valued at $423,000 after purchasing an additional 1,044 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Frontdoor by 5.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 237,526 shares of the company’s stock worth $9,126,000 after buying an additional 13,134 shares during the period. Finally, EverSource Wealth Advisors LLC boosted 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.

Analyst Ratings Changes

FTDR has been the topic of a number of recent analyst reports. Benchmark boosted their price target on shares of Frontdoor from $80.00 to $96.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Frontdoor in a research report on Tuesday, August 18th. Oppenheimer lifted their price objective on shares of Frontdoor from $70.00 to $100.00 and gave the stock an “outperform” rating in a research note on Friday, August 7th. The Goldman Sachs Group reiterated a “neutral” rating on shares of Frontdoor in a report on Friday, August 7th. Finally, Truist Financial raised their target price on shares of Frontdoor from $82.00 to $105.00 and gave the stock a “buy” rating in a report on Friday, August 7th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $92.00.

Frontdoor Stock Performance

Shares of FTDR opened at $82.59 on Monday. Frontdoor Inc. has a one year low of $48.47 and a one year high of $93.43. The company has a 50-day moving average of $76.86 and a two-hundred day moving average of $66.49. The stock has a market cap of $5.69 billion, a price-to-earnings ratio of 21.91 and a beta of 1.47. The company has a debt-to-equity ratio of 3.98, a current ratio of 1.59 and a quick ratio of 1.59.

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

Frontdoor Company Profile

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.