Landscape Capital Management L.L.C. Makes New Investment in Frontdoor, Inc. (NASDAQ:FTDR)

Landscape Capital Management L.L.C. bought a new stake in Frontdoor, Inc. (NASDAQ:FTDR) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 16,002 shares of the company’s stock, valued at approximately $875,000.

Other large investors also recently made changes to their positions in the company. USA Financial Formulas purchased a new position in Frontdoor during the fourth quarter valued at approximately $60,000. TD Private Client Wealth LLC purchased a new position in shares of Frontdoor during the 3rd quarter valued at $68,000. Blue Trust Inc. increased its stake in shares of Frontdoor by 315.3% in the fourth quarter. Blue Trust Inc. now owns 1,632 shares of the company’s stock worth $89,000 after acquiring an additional 1,239 shares during the last quarter. Nkcfo LLC purchased a new stake in shares of Frontdoor during the fourth quarter worth $96,000. Finally, GAMMA Investing LLC boosted its position in Frontdoor by 26.0% during the fourth quarter. GAMMA Investing LLC now owns 2,100 shares of the company’s stock valued at $115,000 after purchasing an additional 433 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on FTDR shares. The Goldman Sachs Group dropped their target price on Frontdoor from $46.00 to $40.00 and set a “sell” rating on the stock in a research report on Monday, March 3rd. Truist Financial raised their price objective on shares of Frontdoor from $58.00 to $67.00 and gave the company a “buy” rating in a research report on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Frontdoor currently has a consensus rating of “Hold” and an average target price of $50.25.

Frontdoor Stock Performance

NASDAQ:FTDR opened at $37.96 on Friday. The firm has a market capitalization of $2.83 billion, a PE ratio of 12.57 and a beta of 1.19. Frontdoor, Inc. has a 1 year low of $29.41 and a 1 year high of $63.49. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 2.16. The firm’s fifty day simple moving average is $48.41 and its 200 day simple moving average is $52.16.

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.