Livforsakringsbolaget Skandia Omsesidigt Acquires Shares of 85,500 Frontdoor Inc. $FTDR

Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in shares of Frontdoor Inc. (NASDAQ:FTDR) during the 2nd quarter, Holdings Channel reports. The fund purchased 85,500 shares of the company’s stock, valued at approximately $6,634,000.

Several other hedge funds also recently modified their holdings of FTDR. Keating Financial Advisory Services Inc. bought a new stake in shares of Frontdoor during the second quarter worth approximately $25,000. Public Employees Retirement System of Ohio bought a new position in Frontdoor in the second quarter valued at approximately $58,000. EverSource Wealth Advisors LLC grew its holdings in Frontdoor by 164.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 799 shares of the company’s stock worth $47,000 after acquiring an additional 497 shares during the period. Quarry LP raised its position in shares of Frontdoor by 429.5% during the 3rd quarter. Quarry LP now owns 879 shares of the company’s stock valued at $59,000 after acquiring an additional 713 shares during the last quarter. Finally, Global Retirement Partners LLC acquired a new position in shares of Frontdoor in the 2nd quarter valued at $83,000.

Wall Street Analysts Forecast Growth

FTDR has been the subject of a number of analyst reports. Wolfe Research raised Frontdoor to an “outperform” rating in a research note on Monday. Benchmark increased their price target on shares of Frontdoor from $80.00 to $96.00 and gave the company a “buy” rating in a research report on Friday, August 7th. Weiss Ratings reissued a “buy (b-)” rating on shares of Frontdoor in a research note on Tuesday, August 18th. The Goldman Sachs Group restated a “neutral” rating on shares of Frontdoor in a report on Friday, August 7th. Finally, Truist Financial lifted their price target on shares of Frontdoor from $82.00 to $105.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Frontdoor has an average rating of “Moderate Buy” and a consensus target price of $92.60.

Frontdoor Price Performance

NASDAQ FTDR opened at $82.89 on Friday. The firm’s 50 day moving average is $78.14 and its 200-day moving average is $67.33. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 3.98. The company has a market capitalization of $5.71 billion, a PE ratio of 21.99 and a beta of 1.47. Frontdoor Inc. has a 12-month low of $48.47 and a 12-month high of $93.43.

Frontdoor (NASDAQ:FTDR) last issued its quarterly earnings results on Thursday, August 6th. The company reported $1.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.76 by $0.17. Frontdoor had a net margin of 12.72% and a return on equity of 120.90%. The firm had revenue of $645.00 million for the quarter, compared to analyst estimates of $643.40 million. During the same period in the previous year, the business earned $1.63 EPS. The company’s revenue was up 4.5% compared to the same quarter last year. Equities research analysts anticipate that Frontdoor Inc. will post 4.67 earnings per share for the current fiscal year.

Frontdoor Profile

Frontdoor, Inc (NASDAQ:FTDR) is a leading provider of home service plans and repair solutions for residential property owners. The company offers contract-based coverage that helps homeowners manage the cost of repairing and replacing essential household systems and appliances, including heating and cooling, plumbing, electrical wiring, water heaters, washers, dryers, refrigerators and other major kitchen equipment.

Frontdoor delivers its services through a nationwide network of independent service professionals and contractors, leveraging a cloud-based platform and call center infrastructure to coordinate service visits and process claims.