Frontdoor, Inc. (NASDAQ:FTDR) SVP Kathryn M. Collins Sells 25,784 Shares

Frontdoor, Inc. (NASDAQ:FTDR) 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 available through this link.

Frontdoor Stock Performance

Shares of FTDR opened at $58.93 on Friday. The company has a market capitalization of $4.47 billion, a PE ratio of 19.51 and a beta of 1.08. Frontdoor, Inc. has a one year low of $29.41 and a one year high of $60.42. The company has a debt-to-equity ratio of 2.16, a current ratio of 1.42 and a quick ratio of 1.42. The company’s fifty day moving average price is $54.46 and its 200 day moving average price is $45.94.

Frontdoor (NASDAQ:FTDR) last announced its earnings results on Monday, November 4th. The company reported $1.38 EPS for the quarter, topping the consensus estimate of $1.05 by $0.33. The firm had revenue of $540.00 million for the quarter, compared to the consensus estimate of $541.88 million. Frontdoor had a net margin of 12.87% and a return on equity of 132.99%. The business’s quarterly revenue was up 3.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.94 EPS. As a group, analysts expect that Frontdoor, Inc. will post 3.14 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in FTDR. Exchange Traded Concepts LLC bought a new position in shares of Frontdoor during the 3rd quarter worth about $27,000. V Square Quantitative Management LLC acquired a new position in Frontdoor in the third quarter valued at about $31,000. Isthmus Partners LLC boosted its position in Frontdoor by 0.5% in the second quarter. Isthmus Partners LLC now owns 110,249 shares of the company’s stock valued at $37,000 after buying an additional 603 shares in the last quarter. Quarry LP lifted its position in shares of Frontdoor by 468.1% during the second quarter. Quarry LP now owns 1,085 shares of the company’s stock worth $37,000 after purchasing an additional 894 shares in the last quarter. Finally, TD Private Client Wealth LLC acquired a new position in shares of Frontdoor during the third quarter worth approximately $68,000.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. 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. The Goldman Sachs Group lifted their target price on shares of Frontdoor from $41.00 to $46.00 and gave the stock a “sell” rating in a report on Tuesday, November 5th. 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. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $49.50.

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.