16,100 Shares in Frontdoor, Inc. (NASDAQ:FTDR) Acquired by Massar Capital Management LP

Massar Capital Management LP acquired a new stake in Frontdoor, Inc. (NASDAQ:FTDR) during the 4th quarter, Holdings Channel reports. The institutional investor acquired 16,100 shares of the company’s stock, valued at approximately $880,000.

Several other hedge funds also recently bought and sold shares of the business. Bessemer Group Inc. boosted its stake in shares of Frontdoor by 514.7% during the fourth quarter. Bessemer Group Inc. now owns 627 shares of the company’s stock valued at $34,000 after purchasing an additional 525 shares during the period. USA Financial Formulas bought a new stake in Frontdoor during the 4th quarter valued at about $60,000. TD Private Client Wealth LLC lifted its holdings in Frontdoor by 12.9% during the 4th quarter. TD Private Client Wealth LLC now owns 1,597 shares of the company’s stock valued at $87,000 after buying an additional 183 shares in the last quarter. Blue Trust Inc. boosted its position in Frontdoor by 315.3% in the 4th 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. Finally, Nkcfo LLC bought a new position in Frontdoor in the 4th quarter worth about $96,000.

Analyst Upgrades and Downgrades

FTDR has been the subject of several research analyst reports. The Goldman Sachs Group decreased their price target on shares of Frontdoor from $46.00 to $40.00 and set a “sell” rating for the company in a research note on Monday, March 3rd. Truist Financial lifted their target price on Frontdoor from $58.00 to $67.00 and gave the company a “buy” rating in a research report on Friday, February 14th. One investment 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $50.25.

Frontdoor Stock Performance

NASDAQ:FTDR opened at $39.64 on Tuesday. The firm has a 50-day simple moving average of $43.06 and a 200-day simple moving average of $51.37. Frontdoor, Inc. has a one year low of $30.31 and a one year high of $63.49. The firm has a market cap of $2.96 billion, a P/E ratio of 13.13 and a beta of 1.19. The company has a debt-to-equity ratio of 2.16, a quick ratio of 1.42 and a current ratio of 1.42.

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.