RiverGlades Family Offices LLC Purchases New Stake in Frontdoor, Inc. (NASDAQ:FTDR)

RiverGlades Family Offices LLC bought a new stake in shares of Frontdoor, Inc. (NASDAQ:FTDR) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 4,000 shares of the company’s stock, valued at approximately $219,000.

Other large investors also recently added to or reduced their stakes in the company. Verition Fund Management LLC lifted its stake in shares of Frontdoor by 255.5% in the 3rd quarter. Verition Fund Management LLC now owns 21,757 shares of the company’s stock valued at $1,044,000 after purchasing an additional 15,637 shares during the period. Blue Trust Inc. lifted its stake in Frontdoor by 315.3% in the fourth quarter. Blue Trust Inc. now owns 1,632 shares of the company’s stock valued at $89,000 after buying an additional 1,239 shares during the period. Geode Capital Management LLC boosted its holdings in Frontdoor by 3.7% during the third quarter. Geode Capital Management LLC now owns 2,113,474 shares of the company’s stock worth $101,442,000 after buying an additional 74,542 shares during the last quarter. Oppenheimer & Co. Inc. bought a new position in Frontdoor during the fourth quarter worth about $467,000. Finally, Atria Investments Inc increased its stake in shares of Frontdoor by 4.9% in the 4th quarter. Atria Investments Inc now owns 6,894 shares of the company’s stock valued at $377,000 after acquiring an additional 325 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Truist Financial lifted their price objective on shares of Frontdoor from $58.00 to $67.00 and gave the stock a “buy” rating in a research note on Friday, February 14th. The Goldman Sachs Group lowered their price objective on shares of Frontdoor from $46.00 to $40.00 and set a “sell” rating for the company in a research report on Monday, March 3rd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Frontdoor presently has a consensus rating of “Hold” and a consensus price target of $50.25.

Frontdoor Trading Up 0.7 %

FTDR opened at $38.23 on Tuesday. 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 stock has a market capitalization of $2.85 billion, a P/E ratio of 12.66 and a beta of 1.19. The firm’s fifty day simple moving average is $47.95 and its 200 day simple moving average is $52.12. Frontdoor, Inc. has a 12 month low of $29.41 and a 12 month high of $63.49.

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.