Pinnacle Wealth Planning Services Inc. bought a new stake in Frontdoor Inc. (NASDAQ:FTDR – Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 5,956 shares of the company’s stock, valued at approximately $351,000.
Several other large investors also recently bought and sold shares of the stock. Bessemer Group Inc. raised its position in Frontdoor by 322.1% in the 2nd quarter. Bessemer Group Inc. now owns 515 shares of the company’s stock valued at $30,000 after purchasing an additional 393 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Frontdoor during the first quarter worth approximately $42,000. Huntington National Bank raised its holdings in Frontdoor by 56.0% in the second quarter. Huntington National Bank now owns 1,482 shares of the company’s stock valued at $87,000 after acquiring an additional 532 shares in the last quarter. IFP Advisors Inc lifted its stake in Frontdoor by 80,766.7% in the first quarter. IFP Advisors Inc now owns 2,426 shares of the company’s stock worth $93,000 after acquiring an additional 2,423 shares during the last quarter. Finally, CWM LLC lifted its stake in Frontdoor by 91.2% in the first quarter. CWM LLC now owns 2,574 shares of the company’s stock worth $99,000 after acquiring an additional 1,228 shares during the last quarter.
Frontdoor Price Performance
Shares of NASDAQ:FTDR opened at $49.47 on Wednesday. Frontdoor Inc. has a 12 month low of $35.61 and a 12 month high of $70.14. The firm has a market capitalization of $3.57 billion, a P/E ratio of 14.09 and a beta of 1.35. The company has a debt-to-equity ratio of 3.64, a current ratio of 1.73 and a quick ratio of 1.73. The company’s fifty day moving average price is $63.51 and its 200 day moving average price is $59.75.
Analyst Upgrades and Downgrades
A number of brokerages have commented on FTDR. Truist Financial increased their price objective on shares of Frontdoor from $67.00 to $71.00 and gave the company a “buy” rating in a research report on Wednesday, August 6th. Oppenheimer boosted their target price on shares of Frontdoor from $56.00 to $63.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 6th. Weiss Ratings restated a “hold (c+)” rating on shares of Frontdoor in a research note on Thursday, November 13th. Zacks Research cut Frontdoor from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 10th. Finally, The Goldman Sachs Group increased their price objective on Frontdoor from $44.00 to $50.00 and gave the company a “sell” rating in a report on Wednesday, August 6th. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $59.75.
View Our Latest Research Report on Frontdoor
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.
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