Quantbot Technologies LP Invests $649,000 in Frontdoor Inc. $FTDR

Quantbot Technologies LP bought a new stake in Frontdoor Inc. (NASDAQ:FTDR) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 8,369 shares of the company’s stock, valued at approximately $649,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Keating Financial Advisory Services Inc. acquired a new stake in Frontdoor during the 2nd quarter valued at $25,000. EverSource Wealth Advisors LLC boosted its stake in Frontdoor by 164.6% in the second quarter. EverSource Wealth Advisors LLC now owns 799 shares of the company’s stock worth $47,000 after purchasing an additional 497 shares in the last quarter. Quarry LP boosted its stake in Frontdoor by 429.5% in the third quarter. Quarry LP now owns 879 shares of the company’s stock worth $59,000 after purchasing an additional 713 shares in the last quarter. Global Retirement Partners LLC grew its holdings in shares of Frontdoor by 8,376.9% during the fourth quarter. Global Retirement Partners LLC now owns 1,102 shares of the company’s stock worth $64,000 after purchasing an additional 1,089 shares during the last quarter. Finally, Plato Investment Management Ltd bought a new stake in shares of Frontdoor during the second quarter worth $83,000.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on FTDR shares. Truist Financial lifted their price target on Frontdoor from $82.00 to $105.00 and gave the company a “buy” rating in a report on Friday, August 7th. Benchmark increased their price objective on shares of Frontdoor from $80.00 to $96.00 and gave the stock a “buy” rating in a report on Friday, August 7th. Wolfe Research upgraded shares of Frontdoor to an “outperform” rating in a research report on Monday. The Goldman Sachs Group reaffirmed a “neutral” rating on shares of Frontdoor in a research note on Friday, August 7th. Finally, Oppenheimer increased their price target on shares of Frontdoor from $70.00 to $100.00 and gave the company an “outperform” rating in a research note on Friday, August 7th. Five equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $92.60.

Frontdoor Trading Down 1.0%

Shares of FTDR opened at $82.82 on Friday. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 3.98. Frontdoor Inc. has a 12-month low of $48.47 and a 12-month high of $93.43. The firm has a market capitalization of $5.71 billion, a PE ratio of 21.97 and a beta of 1.47. The stock’s fifty day simple moving average is $77.91 and its 200-day simple moving average is $67.22.

Frontdoor (NASDAQ:FTDR) last announced its quarterly earnings data on Thursday, August 6th. The company reported $1.93 EPS for the quarter, topping analysts’ consensus estimates of $1.76 by $0.17. Frontdoor had a return on equity of 120.90% and a net margin of 12.72%.The firm had revenue of $645.00 million during the quarter, compared to analyst estimates of $643.40 million. During the same period last year, the company earned $1.63 earnings per share. The company’s revenue was up 4.5% on a year-over-year basis. As a group, research analysts predict that Frontdoor Inc. will post 4.67 earnings per share for the current 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.