Jefferies Financial Group Inc. Invests $1.08 Million in Frontdoor, Inc. (NASDAQ:FTDR)

Jefferies Financial Group Inc. acquired a new position in shares of Frontdoor, Inc. (NASDAQ:FTDR) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 19,733 shares of the company’s stock, valued at approximately $1,079,000.

Several other large investors also recently modified their holdings of FTDR. USA Financial Formulas acquired a new stake in shares of Frontdoor during the fourth quarter worth $60,000. Janney Montgomery Scott LLC increased its position in shares of Frontdoor by 37.2% during the fourth quarter. Janney Montgomery Scott LLC now owns 41,971 shares of the company’s stock worth $2,295,000 after buying an additional 11,385 shares during the period. Blue Trust Inc. increased its position in shares of Frontdoor by 332.8% during the fourth quarter. Blue Trust Inc. now owns 1,701 shares of the company’s stock worth $93,000 after buying an additional 1,308 shares during the period. Pacer Advisors Inc. increased its position in shares of Frontdoor by 4.8% during the fourth quarter. Pacer Advisors Inc. now owns 7,854 shares of the company’s stock worth $429,000 after buying an additional 357 shares during the period. Finally, Patriot Financial Group Insurance Agency LLC acquired a new stake in shares of Frontdoor during the fourth quarter worth $222,000.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Truist Financial increased their price objective on shares of Frontdoor from $58.00 to $67.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. The Goldman Sachs Group reduced their price target on shares of Frontdoor from $46.00 to $40.00 and set a “sell” rating for the company in a report on Monday, March 3rd. Finally, JPMorgan Chase & Co. cut shares of Frontdoor from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $58.00 to $40.00 in a report on Tuesday, April 22nd.

Frontdoor Trading Down 0.4%

NASDAQ:FTDR opened at $54.07 on Thursday. 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 $3.98 billion, a price-to-earnings ratio of 17.90 and a beta of 1.21. The firm has a fifty day simple moving average of $41.70 and a two-hundred day simple moving average of $51.07. Frontdoor, Inc. has a 12 month low of $32.95 and a 12 month high of $63.49.

Frontdoor (NASDAQ:FTDR) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.27. The business had revenue of $426.00 million during the quarter, compared to analysts’ expectations of $416.37 million. Frontdoor had a net margin of 12.87% and a return on equity of 132.99%. The business’s quarterly revenue was up 12.7% on a year-over-year basis. During the same period last year, the company posted $0.44 earnings per share. Analysts expect that Frontdoor, Inc. will post 3.07 EPS for the current fiscal year.

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.