Credit Suisse AG Acquires 3,073 Shares of Frontdoor, Inc. (NASDAQ:FTDR)

Credit Suisse AG grew its holdings in shares of Frontdoor, Inc. (NASDAQ:FTDR) by 3.2% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 98,872 shares of the company’s stock after acquiring an additional 3,073 shares during the period. Credit Suisse AG owned about 0.12% of Frontdoor worth $2,757,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of FTDR. Arizona State Retirement System increased its position in shares of Frontdoor by 2.7% during the first quarter. Arizona State Retirement System now owns 23,612 shares of the company’s stock worth $658,000 after buying an additional 618 shares during the period. Tower Research Capital LLC TRC increased its position in shares of Frontdoor by 44.1% during the first quarter. Tower Research Capital LLC TRC now owns 2,420 shares of the company’s stock worth $67,000 after buying an additional 741 shares during the period. Royal Bank of Canada increased its position in shares of Frontdoor by 7.0% during the third quarter. Royal Bank of Canada now owns 12,209 shares of the company’s stock worth $249,000 after buying an additional 794 shares during the period. Advisory Services Network LLC increased its position in shares of Frontdoor by 5.9% during the first quarter. Advisory Services Network LLC now owns 16,446 shares of the company’s stock worth $491,000 after buying an additional 916 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. increased its position in shares of Frontdoor by 2.6% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 36,069 shares of the company’s stock worth $1,006,000 after buying an additional 928 shares during the period.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Oppenheimer increased their price objective on shares of Frontdoor from $34.00 to $44.00 in a research report on Friday, August 4th. JPMorgan Chase & Co. increased their price objective on shares of Frontdoor from $38.00 to $45.00 and gave the stock an “overweight” rating in a research report on Thursday, August 3rd. The Goldman Sachs Group raised their price target on shares of Frontdoor from $23.00 to $30.00 and gave the stock a “sell” rating in a report on Thursday, August 3rd. TheStreet upgraded shares of Frontdoor from a “c” rating to a “b-” rating in a report on Wednesday, August 2nd. Finally, Truist Financial raised their price target on shares of Frontdoor from $35.00 to $40.00 and gave the stock a “hold” rating in a report on Thursday, August 3rd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $38.40.

Frontdoor Stock Up 1.3 %

Shares of NASDAQ FTDR opened at $33.26 on Friday. The stock has a market capitalization of $2.67 billion, a P/E ratio of 21.32 and a beta of 0.71. The company has a 50-day moving average price of $33.64 and a 200-day moving average price of $30.53. Frontdoor, Inc. has a 1 year low of $19.06 and a 1 year high of $38.97. The company has a debt-to-equity ratio of 4.46, a current ratio of 1.07 and a quick ratio of 1.07.

Frontdoor (NASDAQ:FTDR) last issued its quarterly earnings data on Wednesday, August 2nd. The company reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.32. Frontdoor had a net margin of 7.47% and a return on equity of 187.58%. The firm had revenue of $523.00 million during the quarter, compared to analysts’ expectations of $513.20 million. During the same period last year, the company earned $0.53 earnings per share. The business’s revenue was up 7.4% on a year-over-year basis. On average, equities research analysts forecast that Frontdoor, Inc. will post 1.65 EPS for the current fiscal year.

Insider Activity at Frontdoor

In related news, SVP Jeffrey Fiarman sold 1,743 shares of the firm’s stock in a transaction dated Monday, August 28th. The shares were sold at an average price of $32.74, for a total transaction of $57,065.82. Following the transaction, the senior vice president now directly owns 18,419 shares of the company’s stock, valued at $603,038.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.29% of the stock is owned by insiders.

About Frontdoor

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 heating, ventilation, and air conditioning systems.