Frontdoor (NASDAQ:FTDR) Sees Strong Trading Volume – Still a Buy?

Frontdoor, Inc. (NASDAQ:FTDR) saw unusually-high trading volume on Friday . Approximately 1,299,807 shares were traded during trading, an increase of 88% from the previous session’s volume of 691,307 shares.The stock last traded at $44.77 and had previously closed at $46.21.

Analysts Set New Price Targets

FTDR has been the topic of a number of analyst reports. The Goldman Sachs Group lifted 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. Truist Financial raised their target price on Frontdoor from $58.00 to $67.00 and gave the company a “buy” rating in a research note on Friday, February 14th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Frontdoor presently has a consensus rating of “Hold” and a consensus target price of $51.75.

Frontdoor Stock Down 1.6 %

The stock has a market capitalization of $3.45 billion, a price-to-earnings ratio of 15.06 and a beta of 1.08. The firm’s fifty day moving average is $57.24 and its 200-day moving average is $53.73. The company has a debt-to-equity ratio of 2.16, a current ratio of 1.42 and a quick ratio of 1.42.

Insider Activity

In other Frontdoor news, COO Evan Iverson sold 16,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $58.84, for a total transaction of $941,440.00. Following the sale, the chief operating officer now owns 4,955 shares in the company, valued at $291,552.20. This represents a 76.35 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Kathryn M. Collins sold 25,784 shares of the stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $58.06, for a total transaction of $1,497,019.04. Following the sale, the senior vice president now directly owns 9,429 shares in the company, valued at $547,447.74. This trade represents a 73.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.29% of the company’s stock.

Institutional Investors Weigh In On Frontdoor

Several institutional investors and hedge funds have recently bought and sold shares of the business. Bessemer Group Inc. increased its position in Frontdoor by 514.7% in the fourth quarter. Bessemer Group Inc. now owns 627 shares of the company’s stock worth $34,000 after buying an additional 525 shares during the period. USA Financial Formulas acquired a new stake in shares of Frontdoor in the 4th quarter worth about $60,000. TD Private Client Wealth LLC acquired a new stake in shares of Frontdoor in the 3rd quarter worth about $68,000. Blue Trust Inc. increased its holdings in shares of Frontdoor by 315.3% in the 4th quarter. Blue Trust Inc. now owns 1,632 shares of the company’s stock worth $89,000 after acquiring an additional 1,239 shares during the period. Finally, Nkcfo LLC acquired a new stake in shares of Frontdoor in the 4th quarter worth about $96,000.

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.