Versor Investments LP Makes New $1.02 Million Investment in Frontdoor, Inc. (NASDAQ:FTDR)

Versor Investments LP purchased a new position in shares of Frontdoor, Inc. (NASDAQ:FTDR) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 18,700 shares of the company’s stock, valued at approximately $1,022,000.

A number of other institutional investors also recently added to or reduced their stakes in FTDR. USA Financial Formulas acquired a new stake in shares of Frontdoor in the fourth quarter valued at $60,000. TD Private Client Wealth LLC acquired a new stake in shares of Frontdoor in the third quarter valued at $68,000. Blue Trust Inc. lifted its holdings in shares of Frontdoor by 315.3% in the fourth quarter. Blue Trust Inc. now owns 1,632 shares of the company’s stock valued at $89,000 after buying an additional 1,239 shares during the period. Nkcfo LLC acquired a new stake in shares of Frontdoor in the fourth quarter valued at $96,000. Finally, GAMMA Investing LLC lifted its holdings in shares of Frontdoor by 26.0% in the fourth quarter. GAMMA Investing LLC now owns 2,100 shares of the company’s stock valued at $115,000 after buying an additional 433 shares during the period.

Insider Buying and Selling

In other Frontdoor news, COO Evan Iverson sold 16,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $58.84, for a total value of $941,440.00. Following the sale, the chief operating officer now owns 4,955 shares of the company’s stock, valued at $291,552.20. This trade represents a 76.35 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Kathryn M. Collins sold 25,784 shares of the firm’s stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $58.06, for a total value of $1,497,019.04. Following the completion of the sale, the senior vice president now directly owns 9,429 shares in the company, valued at $547,447.74. This trade represents a 73.22 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.89% of the company’s stock.

Analyst Upgrades and Downgrades

FTDR has been the subject of several research analyst reports. The Goldman Sachs Group upped their price objective on Frontdoor from $41.00 to $46.00 and gave the company a “sell” rating in a report on Tuesday, November 5th. Truist Financial boosted their target price on Frontdoor from $58.00 to $67.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Frontdoor presently has an average rating of “Hold” and a consensus target price of $51.75.

Frontdoor Stock Down 19.4 %

Shares of Frontdoor stock opened at $46.09 on Friday. The stock’s fifty day moving average is $57.46 and its 200-day moving average is $53.67. The firm has a market capitalization of $3.49 billion, a PE ratio of 15.26 and a beta of 1.08. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 2.16. Frontdoor, Inc. has a 12-month low of $29.41 and a 12-month high of $63.49.

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.