Hillsdale Investment Management Inc. Has $6.13 Million Stock Holdings in Frontdoor, Inc. (NASDAQ:FTDR)

Hillsdale Investment Management Inc. lifted its stake in shares of Frontdoor, Inc. (NASDAQ:FTDR) by 0.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 112,160 shares of the company’s stock after purchasing an additional 750 shares during the period. Hillsdale Investment Management Inc.’s holdings in Frontdoor were worth $6,132,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. USA Financial Formulas acquired a new stake in shares of Frontdoor during the fourth quarter worth $60,000. TD Private Client Wealth LLC purchased a new position in shares of Frontdoor during the third quarter valued at $68,000. Blue Trust Inc. grew its holdings in shares of Frontdoor by 315.3% during the fourth quarter. Blue Trust Inc. now owns 1,632 shares of the company’s stock valued at $89,000 after buying an additional 1,239 shares in the last quarter. Nkcfo LLC purchased a new position in shares of Frontdoor during the fourth quarter valued at $96,000. Finally, GAMMA Investing LLC grew its holdings in shares of Frontdoor by 26.0% during the fourth quarter. GAMMA Investing LLC now owns 2,100 shares of the company’s stock valued at $115,000 after buying an additional 433 shares in the last quarter.

Frontdoor Stock Performance

Shares of NASDAQ FTDR opened at $38.09 on Friday. The business’s 50-day moving average price is $52.25 and its two-hundred day moving average price is $52.79. The company has a debt-to-equity ratio of 2.16, a current ratio of 1.42 and a quick ratio of 1.42. Frontdoor, Inc. has a one year low of $29.41 and a one year high of $63.49. The company has a market capitalization of $2.85 billion, a P/E ratio of 12.61 and a beta of 1.18.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on FTDR shares. The Goldman Sachs Group lowered their price target on Frontdoor from $46.00 to $40.00 and set a “sell” rating on the stock in a report on Monday, March 3rd. Truist Financial lifted their price target on Frontdoor from $58.00 to $67.00 and gave the company a “buy” rating in a report on Friday, February 14th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $50.25.

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.