Cetera Investment Advisers Purchases 2,638 Shares of Frontdoor Inc. $FTDR

Cetera Investment Advisers boosted its position in Frontdoor Inc. (NASDAQ:FTDR) by 47.6% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 8,184 shares of the company’s stock after purchasing an additional 2,638 shares during the period. Cetera Investment Advisers’ holdings in Frontdoor were worth $314,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Frontdoor in the first quarter worth about $879,000. Y Intercept Hong Kong Ltd boosted its position in Frontdoor by 401.0% in the first quarter. Y Intercept Hong Kong Ltd now owns 29,826 shares of the company’s stock worth $1,146,000 after purchasing an additional 23,873 shares during the last quarter. Allianz Asset Management GmbH boosted its position in Frontdoor by 32.9% in the first quarter. Allianz Asset Management GmbH now owns 265,668 shares of the company’s stock worth $10,207,000 after purchasing an additional 65,789 shares during the last quarter. IFP Advisors Inc boosted its position 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 purchasing an additional 2,423 shares during the last quarter. Finally, Hussman Strategic Advisors Inc. purchased a new position in Frontdoor in the first quarter worth about $1,614,000.

Frontdoor Stock Up 1.3%

Shares of FTDR opened at $60.30 on Wednesday. The business’s 50 day moving average is $58.10 and its 200 day moving average is $51.34. The company has a market capitalization of $4.39 billion, a PE ratio of 17.79 and a beta of 1.32. Frontdoor Inc. has a 12-month low of $35.61 and a 12-month high of $64.91. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 4.56.

Frontdoor (NASDAQ:FTDR) last released its quarterly earnings data on Tuesday, August 5th. The company reported $1.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.44 by $0.19. Frontdoor had a return on equity of 125.21% and a net margin of 13.07%.The business had revenue of $617.00 million for the quarter, compared to the consensus estimate of $602.62 million. During the same quarter in the previous year, the company posted $1.27 EPS. The company’s revenue was up 13.8% compared to the same quarter last year. Frontdoor has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. Research analysts expect that Frontdoor Inc. will post 3.07 earnings per share for the current fiscal year.

Insider Transactions at Frontdoor

In other Frontdoor news, SVP Jeffrey Fiarman sold 129,673 shares of Frontdoor stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $56.15, for a total value of $7,281,138.95. Following the sale, the senior vice president owned 34,646 shares of the company’s stock, valued at $1,945,372.90. The trade was a 78.92% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.48% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on FTDR. JPMorgan Chase & Co. raised their target price on Frontdoor from $50.00 to $55.00 and gave the stock a “neutral” rating in a research report on Tuesday, June 3rd. Truist Financial lifted their price objective on Frontdoor from $67.00 to $71.00 and gave the company a “buy” rating in a research report on Wednesday, August 6th. The Goldman Sachs Group lifted their price objective on Frontdoor from $44.00 to $50.00 and gave the company a “sell” rating in a research report on Wednesday, August 6th. Finally, Oppenheimer lifted their price objective on Frontdoor from $56.00 to $63.00 and gave the company an “outperform” rating in a research report on Wednesday, August 6th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $59.75.

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.