Royce & Associates LP Sells 17,641 Shares of Frontdoor Inc. $FTDR

Royce & Associates LP cut its holdings in Frontdoor Inc. (NASDAQ:FTDR) by 13.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 115,175 shares of the company’s stock after selling 17,641 shares during the period. Royce & Associates LP owned approximately 0.16% of Frontdoor worth $7,750,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of FTDR. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Frontdoor by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 45,846 shares of the company’s stock worth $1,761,000 after purchasing an additional 1,994 shares during the last quarter. Millennium Management LLC boosted its position in Frontdoor by 533.0% during the 1st quarter. Millennium Management LLC now owns 307,497 shares of the company’s stock worth $11,814,000 after buying an additional 258,920 shares during the period. Empowered Funds LLC grew its holdings in Frontdoor by 10.5% during the 1st quarter. Empowered Funds LLC now owns 11,008 shares of the company’s stock worth $423,000 after acquiring an additional 1,044 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Frontdoor by 5.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 237,526 shares of the company’s stock worth $9,126,000 after acquiring an additional 13,134 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its position in Frontdoor by 6.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 147,721 shares of the company’s stock valued at $8,707,000 after acquiring an additional 9,075 shares during the period.

Analysts Set New Price Targets

FTDR has been the topic of a number of recent research reports. Oppenheimer reiterated an “outperform” rating and set a $70.00 price target on shares of Frontdoor in a report on Thursday, February 26th. Wall Street Zen raised Frontdoor from a “hold” rating to a “buy” rating in a research report on Saturday. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Frontdoor in a report on Monday, December 29th. The Goldman Sachs Group upgraded Frontdoor from a “sell” rating to a “neutral” rating and upped their price target for the company from $50.00 to $67.00 in a research report on Monday. Finally, Truist Financial set a $71.00 price objective on Frontdoor in a research report on Monday, January 26th. Two analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, Frontdoor has an average rating of “Hold” and a consensus price target of $65.75.

Frontdoor Price Performance

FTDR stock opened at $69.11 on Wednesday. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 4.73. The firm has a market cap of $4.88 billion, a price-to-earnings ratio of 20.27 and a beta of 1.31. The company’s fifty day simple moving average is $58.92 and its 200 day simple moving average is $59.96. Frontdoor Inc. has a 12-month low of $35.61 and a 12-month high of $70.77.

Frontdoor (NASDAQ:FTDR) last posted its quarterly earnings data on Thursday, February 26th. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.12. The firm had revenue of $433.00 million during the quarter, compared to analyst estimates of $421.62 million. Frontdoor had a return on equity of 120.79% and a net margin of 12.18%.The business’s quarterly revenue was up 13.1% on a year-over-year basis. During the same period last year, the company posted $0.27 EPS. On average, analysts expect that Frontdoor Inc. will post 3.07 earnings per share for the current year.

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.