Frontdoor Inc. $FTDR Shares Purchased by GAMMA Investing LLC

GAMMA Investing LLC raised its position in shares of Frontdoor Inc. (NASDAQ:FTDR) by 42.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,486 shares of the company’s stock after acquiring an additional 1,039 shares during the period. GAMMA Investing LLC’s holdings in Frontdoor were worth $205,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Frontdoor during the 1st quarter worth about $42,000. IFP Advisors Inc lifted its position in Frontdoor by 80,766.7% during the first quarter. IFP Advisors Inc now owns 2,426 shares of the company’s stock valued at $93,000 after buying an additional 2,423 shares in the last quarter. CWM LLC grew its stake in Frontdoor by 91.2% during the first quarter. CWM LLC now owns 2,574 shares of the company’s stock worth $99,000 after buying an additional 1,228 shares during the period. Blue Trust Inc. grew its stake in Frontdoor by 70.3% during the first quarter. Blue Trust Inc. now owns 2,780 shares of the company’s stock worth $107,000 after buying an additional 1,148 shares during the period. Finally, US Bancorp DE increased its position in shares of Frontdoor by 22.5% in the first quarter. US Bancorp DE now owns 3,008 shares of the company’s stock worth $116,000 after acquiring an additional 553 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on FTDR. The Goldman Sachs Group lifted their target price on shares of Frontdoor from $44.00 to $50.00 and gave the company a “sell” rating in a report on Wednesday, August 6th. JPMorgan Chase & Co. boosted their price objective on Frontdoor from $50.00 to $55.00 and gave the stock a “neutral” rating in a research note on Tuesday, June 3rd. Oppenheimer increased their target price on Frontdoor from $56.00 to $63.00 and gave the company an “outperform” rating in a research note on Wednesday, August 6th. Truist Financial raised their target price on Frontdoor from $67.00 to $71.00 and gave the company a “buy” rating in a report on Wednesday, August 6th. Finally, Zacks Research upgraded Frontdoor from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 27th. One research analyst has rated the stock with a Strong Buy rating, two have assigned 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, Frontdoor currently has a consensus rating of “Moderate Buy” and an average price target of $59.75.

Frontdoor Price Performance

Shares of FTDR stock opened at $66.96 on Monday. The firm has a fifty day moving average of $61.31 and a two-hundred day moving average of $53.69. The firm has a market cap of $4.88 billion, a P/E ratio of 19.75 and a beta of 1.34. Frontdoor Inc. has a 1-year low of $35.61 and a 1-year high of $68.86. The company has a debt-to-equity ratio of 4.56, a current ratio of 1.49 and a quick ratio of 1.49.

Frontdoor (NASDAQ:FTDR) last issued its earnings results on Tuesday, August 5th. The company reported $1.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.44 by $0.19. The business had revenue of $617.00 million for the quarter, compared to analyst estimates of $602.62 million. Frontdoor had a net margin of 13.07% and a return on equity of 125.21%. The company’s revenue for the quarter was up 13.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.27 EPS. Frontdoor has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, research analysts anticipate that Frontdoor Inc. will post 3.07 earnings per share for the current fiscal year.

Insider Activity at Frontdoor

In other news, SVP Jeffrey Fiarman sold 129,673 shares of the business’s 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 completion of the sale, the senior vice president directly owned 34,646 shares in the company, valued at approximately $1,945,372.90. The trade was a 78.92% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.48% of the company’s stock.

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.