Frontdoor, Inc. (NASDAQ:FTDR) Short Interest Update

Frontdoor, Inc. (NASDAQ:FTDR) was the recipient of a significant decline in short interest during the month of December. As of December 31st, there was short interest totalling 2,140,000 shares, a decline of 8.2% from the December 15th total of 2,330,000 shares. Based on an average daily volume of 580,500 shares, the short-interest ratio is currently 3.7 days. Currently, 2.8% of the shares of the company are short sold.

Wall Street Analyst Weigh In

Several research analysts have recently commented on FTDR shares. The Goldman Sachs Group raised their target price on shares of Frontdoor from $41.00 to $46.00 and gave the stock a “sell” rating in a report on Tuesday, November 5th. Truist Financial lifted their price objective on Frontdoor from $56.00 to $58.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $49.50.

Insider Buying and Selling at Frontdoor

In other news, SVP Kathryn M. Collins sold 25,784 shares of the stock in a transaction that occurred 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 transaction, the senior vice president now owns 9,429 shares in the company, valued at approximately $547,447.74. This trade represents a 73.22 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Evan Iverson sold 16,000 shares of the 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 transaction, the chief operating officer now owns 4,955 shares in the company, valued at $291,552.20. The trade was a 76.35 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.89% of the company’s stock.

Institutional Investors Weigh In On Frontdoor

A number of hedge funds and other institutional investors have recently bought and sold shares of FTDR. Exchange Traded Concepts LLC bought a new stake in Frontdoor during the 3rd quarter worth approximately $27,000. V Square Quantitative Management LLC acquired a new position in Frontdoor in the third quarter valued at $31,000. Quarry LP boosted its position in Frontdoor by 468.1% during the second quarter. Quarry LP now owns 1,085 shares of the company’s stock valued at $37,000 after acquiring an additional 894 shares during the last quarter. USA Financial Formulas bought a new position in shares of Frontdoor in the 4th quarter worth about $60,000. Finally, TD Private Client Wealth LLC bought a new stake in shares of Frontdoor during the 3rd quarter valued at about $68,000.

Frontdoor Stock Performance

Shares of Frontdoor stock opened at $58.53 on Monday. The company has a 50 day moving average of $56.82 and a 200-day moving average of $49.78. The company has a market cap of $4.44 billion, a PE ratio of 19.38 and a beta of 1.08. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 2.16. Frontdoor has a 1-year low of $29.41 and a 1-year high of $60.42.

Frontdoor (NASDAQ:FTDR) last posted its earnings results on Monday, November 4th. The company reported $1.38 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.33. The firm had revenue of $540.00 million during the quarter, compared to analysts’ expectations of $541.88 million. Frontdoor had a net margin of 12.87% and a return on equity of 132.99%. The business’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.94 earnings per share. As a group, equities research analysts forecast that Frontdoor will post 3.14 earnings per share for the current fiscal year.

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.