10,838 Shares in Frontdoor Inc. $FTDR Acquired by Mangrove Partners IM LLC

Mangrove Partners IM LLC bought a new stake in Frontdoor Inc. (NASDAQ:FTDR) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 10,838 shares of the company’s stock, valued at approximately $625,000.

Several other large investors also recently added to or reduced their stakes in the stock. Squarepoint Ops LLC lifted its position in Frontdoor by 189.2% in the fourth quarter. Squarepoint Ops LLC now owns 26,289 shares of the company’s stock valued at $1,517,000 after buying an additional 17,198 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its holdings in Frontdoor by 4.8% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 6,608 shares of the company’s stock valued at $381,000 after acquiring an additional 303 shares during the period. Panagora Asset Management Inc. boosted its stake in shares of Frontdoor by 11.1% in the 4th quarter. Panagora Asset Management Inc. now owns 240,330 shares of the company’s stock valued at $13,865,000 after buying an additional 23,944 shares during the period. MML Investors Services LLC boosted its stake in shares of Frontdoor by 9.7% in the 4th quarter. MML Investors Services LLC now owns 5,189 shares of the company’s stock valued at $299,000 after buying an additional 459 shares during the period. Finally, Eventide Asset Management LLC boosted its stake in shares of Frontdoor by 0.3% in the 4th quarter. Eventide Asset Management LLC now owns 485,161 shares of the company’s stock valued at $27,993,000 after buying an additional 1,505 shares during the period.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Benchmark assumed coverage on Frontdoor in a research report on Thursday, March 26th. They set a “buy” rating and a $80.00 target price on the stock. Oppenheimer reissued an “outperform” rating and set a $70.00 target price on shares of Frontdoor in a research report on Thursday, February 26th. Weiss Ratings lowered Frontdoor from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, May 21st. The Goldman Sachs Group raised Frontdoor from a “sell” rating to a “neutral” rating and raised their target price for the stock from $50.00 to $67.00 in a research report on Monday, March 2nd. Finally, Wall Street Zen lowered Frontdoor from a “buy” rating to a “hold” rating in a research report on Sunday, March 8th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $72.00.

Frontdoor Stock Up 0.5%

Frontdoor stock opened at $70.13 on Wednesday. The company has a debt-to-equity ratio of 4.95, a current ratio of 1.47 and a quick ratio of 1.47. Frontdoor Inc. has a 1-year low of $48.47 and a 1-year high of $71.63. The company has a market cap of $4.93 billion, a PE ratio of 20.09 and a beta of 1.50. The stock’s 50 day moving average price is $62.51 and its 200 day moving average price is $59.79.

Frontdoor (NASDAQ:FTDR) last posted its earnings results on Thursday, April 30th. The company reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.07. Frontdoor had a return on equity of 118.62% and a net margin of 12.22%.The company had revenue of $451.00 million for the quarter, compared to the consensus estimate of $442.28 million. During the same period in the previous year, the business earned $0.64 earnings per share. Frontdoor’s quarterly revenue was up 5.9% compared to the same quarter last year. On average, sell-side analysts predict that Frontdoor Inc. will post 4.48 EPS for the current fiscal year.

Frontdoor Company 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.