Frontdoor (NASDAQ:FTDR) CEO Sells 96,418 Shares of Stock

Frontdoor Inc. (NASDAQ:FTDR) CEO William Cobb sold 96,418 shares of the business’s stock in a transaction dated Thursday, November 12th. The shares were sold at an average price of $96.69, for a total transaction of $9,322,656.42. Following the transaction, the chief executive officer directly owned 184,335 shares of the company’s stock, valued at $17,823,351.15. The trade was a 34.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Frontdoor Stock Performance

NASDAQ FTDR traded up $1.16 on Friday, hitting $96.58. The stock had a trading volume of 533,036 shares, compared to its average volume of 621,814. Frontdoor Inc. has a one year low of $48.90 and a one year high of $103.07. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 3.57. The stock has a market cap of $6.53 billion, a price-to-earnings ratio of 24.15 and a beta of 1.60. The company’s 50-day moving average is $82.27 and its two-hundred day moving average is $70.93.

Frontdoor (NASDAQ:FTDR) last released its quarterly earnings results on Thursday, November 5th. The company reported $1.81 earnings per share for the quarter, beating analysts’ consensus estimates of $1.77 by $0.04. The company had revenue of $655.00 million for the quarter, compared to analysts’ expectations of $647.73 million. Frontdoor had a return on equity of 124.74% and a net margin of 12.96%. The business’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.58 earnings per share. On average, analysts expect that Frontdoor Inc. will post 4.77 earnings per share for the current year.

Institutional Trading of Frontdoor

A number of hedge funds and other institutional investors have recently made changes to their positions in FTDR. Voya Investment Management LLC raised its holdings in Frontdoor by 0.3% during the third quarter. Voya Investment Management LLC now owns 43,290 shares of the company’s stock worth $3,165,000 after purchasing an additional 116 shares in the last quarter. Hantz Financial Services Inc. boosted its stake in Frontdoor by 18.5% during the 3rd quarter. Hantz Financial Services Inc. now owns 833 shares of the company’s stock valued at $61,000 after purchasing an additional 130 shares in the last quarter. Abel Hall LLC boosted its stake in Frontdoor by 6.0% during the 3rd quarter. Abel Hall LLC now owns 3,025 shares of the company’s stock valued at $221,000 after purchasing an additional 170 shares in the last quarter. State of Wyoming increased its position in shares of Frontdoor by 2.5% during the 1st quarter. State of Wyoming now owns 7,140 shares of the company’s stock valued at $377,000 after purchasing an additional 177 shares during the period. Finally, Handelsbanken Fonder AB increased its position in shares of Frontdoor by 0.8% during the 2nd quarter. Handelsbanken Fonder AB now owns 25,900 shares of the company’s stock valued at $2,010,000 after purchasing an additional 200 shares during the period.

Analyst Upgrades and Downgrades

FTDR has been the topic of several analyst reports. Weiss Ratings upgraded Frontdoor from a “hold (c+)” rating to a “buy (b)” rating in a research report on Wednesday, October 21st. The Goldman Sachs Group boosted their price target on Frontdoor from $81.00 to $93.00 and gave the stock a “neutral” rating in a research report on Monday. Truist Financial boosted their price target on Frontdoor from $105.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday, November 6th. Benchmark increased their price target on Frontdoor from $80.00 to $96.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. Finally, JPMorgan Chase & Co. initiated coverage on Frontdoor in a report on Monday, August 24th. They set a “neutral” rating and a $95.00 price target on the stock. Five analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $99.80.

Frontdoor Company Profile

Frontdoor, Inc. provides home service plans and repair solutions in the United States. Its plans help homeowners manage the cost of repairing or replacing covered home systems and appliances, such as heating and cooling equipment, plumbing, and kitchen appliances. The company serves customers through brands including American Home Shield, HSA Home Warranty, and OneGuard Home Warranties. It also connects customers with a network of independent service contractors and offers digital tools and support to help arrange home repairs.