Frontdoor (NASDAQ:FTDR) Trading Down 10% – Time to Sell?

Frontdoor, Inc. (NASDAQ:FTDR) shares were down 10% during mid-day trading on Thursday . The stock traded as low as $51.81 and last traded at $51.44. Approximately 232,853 shares traded hands during mid-day trading, a decline of 63% from the average daily volume of 624,226 shares. The stock had previously closed at $57.17.

Analyst Ratings Changes

Several research firms recently commented on FTDR. The Goldman Sachs Group raised their price target on shares of Frontdoor from $41.00 to $46.00 and gave the company a “sell” rating in a research report on Tuesday, November 5th. Truist Financial raised their target price on Frontdoor from $58.00 to $67.00 and gave the company a “buy” rating in a research report on Friday, February 14th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $51.75.

Frontdoor Trading Down 16.8 %

The company has a debt-to-equity ratio of 2.16, a quick ratio of 1.42 and a current ratio of 1.42. The company has a 50 day moving average of $57.64 and a 200 day moving average of $53.73. The stock has a market capitalization of $3.61 billion, a price-to-earnings ratio of 15.73 and a beta of 1.08.

Frontdoor (NASDAQ:FTDR) last announced its quarterly earnings data on Thursday, February 27th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.16. Frontdoor had a net margin of 12.87% and a return on equity of 132.99%. On average, research analysts predict that Frontdoor, Inc. will post 3.07 EPS for the current fiscal year.

Insider Buying and Selling at Frontdoor

In other news, COO Evan Iverson sold 16,000 shares of the stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $58.84, for a total value of $941,440.00. Following the completion of the sale, the chief operating officer now owns 4,955 shares of the company’s stock, valued at $291,552.20. This represents a 76.35 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Kathryn M. Collins sold 25,784 shares of Frontdoor stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $58.06, for a total value of $1,497,019.04. Following the completion of the sale, the senior vice president now owns 9,429 shares in the company, valued at $547,447.74. This represents a 73.22 % decrease in their position. The disclosure for this sale can be found here. 0.89% of the stock is owned by company insiders.

Hedge Funds Weigh In On Frontdoor

A number of hedge funds have recently modified their holdings of the business. Harbor Capital Advisors Inc. boosted its position in shares of Frontdoor by 84.0% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 184,408 shares of the company’s stock worth $8,850,000 after purchasing an additional 84,167 shares during the period. Meeder Asset Management Inc. lifted its stake in Frontdoor by 362.8% in the third quarter. Meeder Asset Management Inc. now owns 24,590 shares of the company’s stock worth $1,180,000 after acquiring an additional 19,277 shares during the last quarter. Verition Fund Management LLC lifted its position in shares of Frontdoor by 255.5% during the 3rd quarter. Verition Fund Management LLC now owns 21,757 shares of the company’s stock worth $1,044,000 after purchasing an additional 15,637 shares during the last quarter. Atria Investments Inc acquired a new position in shares of Frontdoor during the third quarter worth $315,000. Finally, Geode Capital Management LLC increased its holdings in Frontdoor by 3.7% in the third quarter. Geode Capital Management LLC now owns 2,113,474 shares of the company’s stock valued at $101,442,000 after buying an additional 74,542 shares during the last quarter.

Frontdoor Company Profile

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.