The Goldman Sachs Group Cuts Frontdoor (NASDAQ:FTDR) Price Target to $40.00

Frontdoor (NASDAQ:FTDR) had its target price trimmed by The Goldman Sachs Group from $46.00 to $40.00 in a research report released on Monday,Benzinga reports. The firm currently has a sell rating on the stock.

Separately, Truist Financial increased their price target on Frontdoor from $58.00 to $67.00 and gave the stock a “buy” rating in a research note on Friday, February 14th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Frontdoor currently has a consensus rating of “Hold” and an average price target of $50.25.

Frontdoor Price Performance

Shares of FTDR opened at $42.05 on Monday. The company has a market cap of $3.14 billion, a P/E ratio of 13.92 and a beta of 1.18. The stock has a fifty day moving average price of $56.66 and a 200 day moving average price of $53.71. 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 has a 12 month low of $29.41 and a 12 month high of $63.49.

Insider Transactions at Frontdoor

In other news, COO Evan Iverson sold 16,000 shares of the company’s stock in a transaction on Wednesday, December 11th. The stock was 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 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 company’s 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 of the company’s stock, valued at approximately $547,447.74. This trade represents a 73.22 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.89% of the company’s stock.

Institutional Trading of Frontdoor

Several institutional investors have recently modified their holdings of the company. TD Private Client Wealth LLC lifted its holdings in shares of Frontdoor by 12.9% in the fourth quarter. TD Private Client Wealth LLC now owns 1,597 shares of the company’s stock valued at $87,000 after buying an additional 183 shares during the period. Quantinno Capital Management LP lifted its holdings in shares of Frontdoor by 0.8% in the fourth quarter. Quantinno Capital Management LP now owns 24,212 shares of the company’s stock valued at $1,324,000 after buying an additional 183 shares during the period. Willis Investment Counsel lifted its holdings in shares of Frontdoor by 0.4% in the fourth quarter. Willis Investment Counsel now owns 46,753 shares of the company’s stock valued at $2,556,000 after buying an additional 185 shares during the period. Parkside Financial Bank & Trust lifted its holdings in shares of Frontdoor by 8.3% in the fourth quarter. Parkside Financial Bank & Trust now owns 2,880 shares of the company’s stock valued at $157,000 after buying an additional 221 shares during the period. Finally, Mariner LLC lifted its holdings in shares of Frontdoor by 4.0% during the fourth quarter. Mariner LLC now owns 7,311 shares of the company’s stock valued at $400,000 after purchasing an additional 284 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.