United Capital Financial Advisors LLC Buys Shares of 10,779 Frontdoor Inc. $FTDR

United Capital Financial Advisors LLC purchased a new position in Frontdoor Inc. (NASDAQ:FTDR) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 10,779 shares of the company’s stock, valued at approximately $836,000.

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

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on FTDR shares. Wolfe Research raised shares of Frontdoor to an “outperform” rating in a research note on Monday, August 24th. The Goldman Sachs Group restated a “neutral” rating on shares of Frontdoor in a report on Friday, August 7th. JPMorgan Chase & Co. started coverage on Frontdoor in a research report on Monday, August 24th. They set a “neutral” rating and a $95.00 price objective for the company. Weiss Ratings reiterated a “buy (b-)” rating on shares of Frontdoor in a report on Tuesday, August 18th. Finally, Benchmark lifted their target price on Frontdoor from $80.00 to $96.00 and gave the company a “buy” rating in a research report on Friday, August 7th. Five investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $92.60.

Frontdoor Stock Performance

Shares of NASDAQ:FTDR opened at $82.89 on Monday. The company’s 50-day moving average price is $78.14 and its two-hundred day moving average price is $67.41. The company has a debt-to-equity ratio of 3.98, a current ratio of 1.59 and a quick ratio of 1.59. Frontdoor Inc. has a one year low of $48.47 and a one year high of $93.43. The stock has a market capitalization of $5.71 billion, a PE ratio of 21.99 and a beta of 1.47.

Frontdoor (NASDAQ:FTDR) last announced its quarterly earnings data on Thursday, August 6th. The company reported $1.93 earnings per share for the quarter, beating the consensus estimate of $1.76 by $0.17. The company had revenue of $645.00 million during the quarter, compared to analysts’ expectations of $643.40 million. Frontdoor had a return on equity of 120.90% and a net margin of 12.72%.Frontdoor’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same quarter last year, the company earned $1.63 EPS. On average, equities analysts forecast that Frontdoor Inc. will post 4.67 EPS for the current fiscal year.

About Frontdoor

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.