Frontdoor (NASDAQ:FTDR) Reaches New 52-Week High – Should You Buy?

Frontdoor, Inc. (NASDAQ:FTDR)’s share price reached a new 52-week high on Monday . The company traded as high as $60.62 and last traded at $60.65, with a volume of 290590 shares changing hands. The stock had previously closed at $58.45.

Wall Street Analyst Weigh In

FTDR has been the subject of a number of recent research reports. The Goldman Sachs Group lifted their price objective on shares of Frontdoor from $41.00 to $46.00 and gave the company a “sell” rating in a research note on Tuesday, November 5th. Truist Financial lifted their price objective on shares of Frontdoor from $56.00 to $58.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $49.50.

Frontdoor Price Performance

The business’s 50 day moving average is $57.31 and its two-hundred day moving average is $51.02. The company has a debt-to-equity ratio of 2.16, a quick ratio of 1.42 and a current ratio of 1.42. The firm has a market capitalization of $4.73 billion, a PE ratio of 20.66 and a beta of 1.08.

Frontdoor (NASDAQ:FTDR) last announced its quarterly earnings results on Monday, November 4th. The company reported $1.38 EPS for the quarter, beating the consensus estimate of $1.05 by $0.33. Frontdoor had a net margin of 12.87% and a return on equity of 132.99%. The firm had revenue of $540.00 million during the quarter, compared to the consensus estimate of $541.88 million. During the same period last year, the firm earned $0.94 EPS. The business’s quarterly revenue was up 3.1% compared to the same quarter last year. Equities research analysts anticipate that Frontdoor, Inc. will post 3.15 earnings per share for the current fiscal year.

Insider Buying and Selling at Frontdoor

In other news, SVP Kathryn M. Collins sold 25,784 shares of Frontdoor stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $58.06, for a total transaction of $1,497,019.04. Following the completion of the sale, the senior vice president now directly owns 9,429 shares of the company’s stock, valued at approximately $547,447.74. The trade was a 73.22 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Evan Iverson sold 16,000 shares of Frontdoor stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $58.84, for a total transaction of $941,440.00. Following the sale, the chief operating officer now directly owns 4,955 shares of the company’s stock, valued at $291,552.20. This represents a 76.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.29% of the company’s stock.

Institutional Trading of Frontdoor

Several hedge funds have recently added to or reduced their stakes in FTDR. Millennium Management LLC lifted its stake in Frontdoor by 440.4% in the second quarter. Millennium Management LLC now owns 908,904 shares of the company’s stock worth $30,712,000 after purchasing an additional 740,711 shares during the last quarter. Castellan Group bought a new stake in Frontdoor in the third quarter worth $5,881,000. Healthcare of Ontario Pension Plan Trust Fund lifted its stake in Frontdoor by 357.1% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 140,800 shares of the company’s stock worth $4,758,000 after purchasing an additional 110,000 shares during the last quarter. Moody Aldrich Partners LLC bought a new stake in Frontdoor in the third quarter worth $4,810,000. Finally, Harbor Capital Advisors Inc. lifted its stake in Frontdoor by 84.0% in the third quarter. Harbor Capital Advisors Inc. now owns 184,408 shares of the company’s stock worth $8,850,000 after purchasing an additional 84,167 shares during the last quarter.

About Frontdoor

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.