Quantbot Technologies LP Takes Position in Frontdoor Inc. $FTDR

Quantbot Technologies LP bought a new stake in Frontdoor Inc. (NASDAQ:FTDR) during the second quarter, according to its most recent filing with the SEC. The firm bought 8,369 shares of the company’s stock, valued at approximately $649,000.

Other institutional investors have also recently bought and sold shares of the company. Keating Financial Advisory Services Inc. acquired a new stake in shares of Frontdoor in the second quarter valued at about $25,000. EverSource Wealth Advisors LLC lifted its position in shares of 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 purchasing an additional 497 shares during the last quarter. Quarry LP boosted its stake in Frontdoor by 429.5% during the 3rd quarter. Quarry LP now owns 879 shares of the company’s stock valued at $59,000 after purchasing an additional 713 shares during the period. Global Retirement Partners LLC boosted its stake in Frontdoor by 8,376.9% during the 4th quarter. Global Retirement Partners LLC now owns 1,102 shares of the company’s stock valued at $64,000 after purchasing an additional 1,089 shares during the period. Finally, Plato Investment Management Ltd acquired a new stake in Frontdoor in the 2nd quarter valued at approximately $83,000.

Frontdoor Trading Down 1.0%

Shares of FTDR opened at $82.82 on Friday. 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 stock has a market cap of $5.71 billion, a PE ratio of 21.97 and a beta of 1.47. Frontdoor Inc. has a 1 year low of $48.47 and a 1 year high of $93.43. The stock has a 50 day simple moving average of $77.91 and a 200-day simple moving average of $67.22.

Frontdoor (NASDAQ:FTDR) last announced its quarterly earnings results on Thursday, August 6th. The company reported $1.93 EPS for the quarter, beating the consensus estimate of $1.76 by $0.17. Frontdoor had a return on equity of 120.90% and a net margin of 12.72%.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 firm earned $1.63 EPS. Frontdoor’s quarterly revenue was up 4.5% on a year-over-year basis. On average, sell-side analysts predict that Frontdoor Inc. will post 4.67 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

FTDR has been the topic of several recent analyst reports. Truist Financial lifted their price target on Frontdoor from $82.00 to $105.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. JPMorgan Chase & Co. initiated coverage on shares of Frontdoor in a research note on Monday. They issued a “neutral” rating and a $95.00 price objective on the stock. Wolfe Research raised shares of Frontdoor to an “outperform” rating in a research report on Monday. Weiss Ratings reiterated a “buy (b-)” rating on shares of Frontdoor in a research note on Tuesday, August 18th. Finally, Oppenheimer increased their price target on shares of Frontdoor from $70.00 to $100.00 and gave the company an “outperform” rating in a report on Friday, August 7th. Five analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Frontdoor presently has a consensus rating of “Moderate Buy” and an average price target of $92.60.

Frontdoor 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.