Frontdoor (NASDAQ:FTDR) Upgraded at Weiss Ratings

Weiss Ratings upgraded shares of Frontdoor (NASDAQ:FTDR) from a hold (c+) rating to a buy (b-) rating in a research note issued to investors on Saturday,Weiss Ratings reports.

Several other equities research analysts have also recently issued reports on FTDR. Zacks Research cut shares of Frontdoor from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 10th. The Goldman Sachs Group boosted their price target on shares of Frontdoor from $44.00 to $50.00 and gave the company a “sell” rating in a research report on Wednesday, August 6th. Truist Financial boosted their price target on shares of Frontdoor from $67.00 to $71.00 and gave the company a “buy” rating in a research report on Wednesday, August 6th. Finally, Oppenheimer boosted their price target on shares of Frontdoor from $56.00 to $63.00 and gave the company an “outperform” rating in a research report on Wednesday, August 6th. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $59.75.

Frontdoor Trading Up 0.0%

Shares of FTDR opened at $68.84 on Friday. Frontdoor has a 52-week low of $35.61 and a 52-week high of $70.14. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 4.56. The firm’s fifty day moving average is $65.01 and its two-hundred day moving average is $57.88. The stock has a market cap of $5.01 billion, a PE ratio of 20.31 and a beta of 1.33.

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

Insider Buying and Selling

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

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Principal Financial Group Inc. lifted its position in Frontdoor by 2.3% in the first quarter. Principal Financial Group Inc. now owns 408,982 shares of the company’s stock valued at $15,713,000 after buying an additional 9,161 shares during the last quarter. GAMMA Investing LLC lifted its position in Frontdoor by 16.5% in the first quarter. GAMMA Investing LLC now owns 2,447 shares of the company’s stock valued at $94,000 after buying an additional 347 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its position in Frontdoor by 48.7% in the first quarter. Oppenheimer Asset Management Inc. now owns 24,317 shares of the company’s stock valued at $934,000 after buying an additional 7,967 shares during the last quarter. Vanguard Personalized Indexing Management LLC acquired a new position in Frontdoor in the second quarter valued at about $348,000. Finally, New York State Common Retirement Fund lifted its position in Frontdoor by 775.3% in the first quarter. New York State Common Retirement Fund now owns 212,552 shares of the company’s stock valued at $8,166,000 after buying an additional 188,268 shares during the last quarter.

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.