Natixis Advisors LLC Acquires 2,023 Shares of Frontdoor, Inc. (NASDAQ:FTDR)

Natixis Advisors LLC boosted its holdings in shares of Frontdoor, Inc. (NASDAQ:FTDR) by 13.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,213 shares of the company’s stock after acquiring an additional 2,023 shares during the quarter. Natixis Advisors LLC’s holdings in Frontdoor were worth $826,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Exchange Traded Concepts LLC bought a new stake in Frontdoor during the 3rd quarter worth approximately $27,000. V Square Quantitative Management LLC bought a new stake in Frontdoor during the 3rd quarter worth approximately $31,000. GAMMA Investing LLC grew its holdings in Frontdoor by 90.7% during the 2nd quarter. GAMMA Investing LLC now owns 879 shares of the company’s stock worth $30,000 after acquiring an additional 418 shares during the last quarter. Quarry LP grew its holdings in Frontdoor by 468.1% during the 2nd quarter. Quarry LP now owns 1,085 shares of the company’s stock worth $37,000 after acquiring an additional 894 shares during the last quarter. Finally, CWM LLC grew its holdings in Frontdoor by 15.8% during the 3rd quarter. CWM LLC now owns 2,695 shares of the company’s stock worth $129,000 after acquiring an additional 367 shares during the last quarter.

Frontdoor Stock Down 0.8 %

Shares of NASDAQ FTDR opened at $58.17 on Thursday. The firm has a market cap of $4.41 billion, a PE ratio of 19.41 and a beta of 1.03. Frontdoor, Inc. has a 12-month low of $29.41 and a 12-month high of $60.42. The company’s fifty day simple moving average is $51.73 and its 200 day simple moving average is $44.00. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 2.16.

Frontdoor (NASDAQ:FTDR) last issued its earnings results on Monday, November 4th. The company reported $1.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.33. The business had revenue of $540.00 million for the quarter, compared to analyst estimates of $541.88 million. Frontdoor had a net margin of 12.87% and a return on equity of 132.99%. Frontdoor’s revenue was up 3.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.94 earnings per share. As a group, sell-side analysts forecast that Frontdoor, Inc. will post 3.14 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

FTDR has been the topic of a number of analyst reports. Truist Financial upped their price objective on shares of Frontdoor from $56.00 to $58.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. JPMorgan Chase & Co. upped their price objective on shares of Frontdoor from $45.00 to $55.00 and gave the company an “overweight” rating in a research note on Monday, August 12th. William Blair raised shares of Frontdoor from a “market perform” rating to an “outperform” rating in a research note on Friday, August 2nd. Finally, The Goldman Sachs Group upped their price objective on shares of Frontdoor from $41.00 to $46.00 and gave the company a “sell” rating in a research note on Tuesday, November 5th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $49.50.

About Frontdoor

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.