11,543 Shares in Frontdoor Inc. $FTDR Acquired by Empirical Asset Management LLC

Empirical Asset Management LLC purchased a new position in Frontdoor Inc. (NASDAQ:FTDR) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 11,543 shares of the company’s stock, valued at approximately $896,000.

Other institutional investors have also added to or reduced their stakes in the company. Private Trust Co. NA raised its position in shares of Frontdoor by 256.3% during the fourth quarter. Private Trust Co. NA now owns 563 shares of the company’s stock valued at $32,000 after buying an additional 405 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of Frontdoor by 164.6% during the second 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 last quarter. Quarry LP grew its stake in Frontdoor by 429.5% during the third quarter. Quarry LP now owns 879 shares of the company’s stock valued at $59,000 after acquiring an additional 713 shares in the last quarter. Global Retirement Partners LLC bought a new stake in Frontdoor in the 2nd quarter valued at $83,000. Finally, Plato Investment Management Ltd bought a new stake in Frontdoor in the 2nd quarter valued at $83,000.

Frontdoor Stock Down 1.0%

Shares of NASDAQ:FTDR opened at $82.92 on Wednesday. The company has a market cap of $5.71 billion, a price-to-earnings ratio of 21.99 and a beta of 1.47. Frontdoor Inc. has a 12 month low of $48.47 and a 12 month high of $93.43. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 3.98. The company has a 50-day moving average price of $75.99 and a 200 day moving average price of $66.00.

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

Analysts Set New Price Targets

FTDR has been the topic of several research analyst reports. Oppenheimer boosted their price target 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. Benchmark raised their price objective on Frontdoor from $80.00 to $96.00 and gave the company a “buy” rating in a research report on Friday, August 7th. Weiss Ratings cut Frontdoor from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, May 21st. The Goldman Sachs Group reiterated a “neutral” rating on shares of Frontdoor in a research report on Friday, August 7th. Finally, Truist Financial increased their price target on Frontdoor from $82.00 to $105.00 and gave the company a “buy” rating in a research note 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’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $92.00.

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.