Insider Buying: Frontdoor, Inc. (NASDAQ:FTDR) Director Acquires 4,000 Shares of Stock

Frontdoor, Inc. (NASDAQ:FTDRGet Rating) Director Anna C. Catalano purchased 4,000 shares of the firm’s stock in a transaction dated Wednesday, May 25th. The stock was acquired at an average cost of $25.00 per share, with a total value of $100,000.00. Following the completion of the acquisition, the director now directly owns 20,595 shares in the company, valued at approximately $514,875. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Shares of NASDAQ FTDR traded down $0.24 during trading hours on Friday, hitting $25.14. 1,162,947 shares of the stock were exchanged, compared to its average volume of 861,987. The company has a debt-to-equity ratio of 304.00, a current ratio of 0.70 and a quick ratio of 0.70. The company’s 50 day moving average is $29.50 and its 200 day moving average is $32.89. The firm has a market capitalization of $2.07 billion, a P/E ratio of 17.38, a P/E/G ratio of 0.80 and a beta of 0.44. Frontdoor, Inc. has a one year low of $24.04 and a one year high of $54.57.

Frontdoor (NASDAQ:FTDRGet Rating) last posted its quarterly earnings data on Thursday, May 5th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.04). The firm had revenue of $351.00 million for the quarter, compared to the consensus estimate of $350.94 million. Frontdoor had a return on equity of 1,319.15% and a net margin of 7.70%. Frontdoor’s quarterly revenue was up 6.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.10 earnings per share. Research analysts anticipate that Frontdoor, Inc. will post 1.37 earnings per share for the current fiscal year.

Several analysts recently weighed in on the stock. Raymond James cut their price objective on shares of Frontdoor from $40.00 to $31.00 in a research report on Friday, May 6th. Zacks Investment Research downgraded shares of Frontdoor from a “hold” rating to a “sell” rating in a report on Wednesday, May 4th. Oppenheimer dropped their target price on shares of Frontdoor from $41.00 to $34.00 in a report on Friday, May 6th. Finally, Truist Financial downgraded shares of Frontdoor from a “buy” rating to a “hold” rating and dropped their target price for the stock from $32.00 to $29.00 in a research report on Monday. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $36.33.

Institutional investors have recently modified their holdings of the business. CarsonAllaria Wealth Management Ltd. bought a new stake in Frontdoor in the 4th quarter valued at $26,000. Richelieu Gestion PLC bought a new stake in Frontdoor in the 1st quarter valued at $25,000. CENTRAL TRUST Co bought a new stake in Frontdoor in the 4th quarter valued at $68,000. BNP Paribas Arbitrage SA lifted its holdings in shares of Frontdoor by 44.3% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 2,497 shares of the company’s stock worth $105,000 after acquiring an additional 766 shares during the period. Finally, Van ECK Associates Corp bought a new position in shares of Frontdoor during the 4th quarter worth about $98,000.

Frontdoor Company Profile (Get Rating)

Frontdoor, Inc provides home service plans in the United States. The company's home service plans cover 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 central heating, ventilation, and air conditioning systems.

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