Frontdoor (NASDAQ:FTDR) Shares Gap Up to $39.46

Frontdoor, Inc. (NASDAQ:FTDR)’s stock price gapped up before the market opened on Thursday . The stock had previously closed at $39.46, but opened at $42.68. Frontdoor shares last traded at $47.79, with a volume of 192,979 shares.

Analyst Upgrades and Downgrades

Separately, Wells Fargo & Company upped their price objective on shares of Frontdoor from $36.00 to $39.00 and gave the company an “equal weight” rating in a research note on Monday, May 6th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Frontdoor has an average rating of “Hold” and an average price target of $40.00.

Frontdoor Stock Performance

The firm’s 50 day moving average price is $35.62 and its two-hundred day moving average price is $33.58. The firm has a market cap of $3.51 billion, a PE ratio of 19.81 and a beta of 1.00. The company has a debt-to-equity ratio of 3.54, a quick ratio of 1.14 and a current ratio of 1.14.

Frontdoor (NASDAQ:FTDR) last released its quarterly earnings results on Thursday, May 2nd. The company reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.23. The business had revenue of $378.00 million for the quarter, compared to the consensus estimate of $376.36 million. Frontdoor had a net margin of 10.27% and a return on equity of 132.00%. On average, research analysts forecast that Frontdoor, Inc. will post 2.52 earnings per share for the current year.

Institutional Investors Weigh In On Frontdoor

Institutional investors have recently modified their holdings of the company. nVerses Capital LLC purchased a new stake in Frontdoor during the 2nd quarter worth about $128,000. Picton Mahoney Asset Management purchased a new stake in shares of Frontdoor in the 2nd quarter valued at about $158,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its stake in Frontdoor by 1.3% during the 2nd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 415,192 shares of the company’s stock worth $14,029,000 after buying an additional 5,470 shares during the last quarter. Panagora Asset Management Inc. purchased a new position in Frontdoor during the 2nd quarter worth approximately $2,019,000. Finally, Legato Capital Management LLC increased its position in Frontdoor by 49.4% during the second quarter. Legato Capital Management LLC now owns 23,332 shares of the company’s stock worth $788,000 after buying an additional 7,718 shares during the period.

Frontdoor Company Profile

Frontdoor, Inc provides home warranties in the United States in the United States. Its customizable home warranties help customers protect and maintain their homes from costly and unplanned breakdowns of essential home systems and appliances. The company's home warranty customers subscribe to an annual service plan agreement that covers the repair or replacement of principal components of approximately 20 home systems and appliances, including electrical, plumbing, water heaters, refrigerators, dishwashers, and ranges/ovens/cooktops, as well as electronics, pools, and spas and pumps; and heating, ventilation, and air conditioning systems.