Frontdoor Inc. $FTDR Shares Acquired by SG Americas Securities LLC

SG Americas Securities LLC raised its holdings in shares of Frontdoor Inc. (NASDAQ:FTDR) by 553.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 21,287 shares of the company’s stock after purchasing an additional 18,031 shares during the period. SG Americas Securities LLC’s holdings in Frontdoor were worth $1,228,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the company. Assenagon Asset Management S.A. increased its position in shares of Frontdoor by 112.9% in the 4th quarter. Assenagon Asset Management S.A. now owns 80,069 shares of the company’s stock valued at $4,619,000 after acquiring an additional 42,462 shares during the period. Diversified Trust Co. increased its position in shares of Frontdoor by 5.5% in the 4th quarter. Diversified Trust Co. now owns 8,022 shares of the company’s stock valued at $463,000 after acquiring an additional 417 shares during the period. Central Pacific Bank Trust Division increased its position in shares of Frontdoor by 20.9% in the 4th quarter. Central Pacific Bank Trust Division now owns 3,176 shares of the company’s stock valued at $183,000 after acquiring an additional 548 shares during the period. Park Avenue Securities LLC increased its position in shares of Frontdoor by 4.0% in the 4th quarter. Park Avenue Securities LLC now owns 5,107 shares of the company’s stock valued at $295,000 after acquiring an additional 198 shares during the period. Finally, GAMMA Investing LLC increased its position in shares of Frontdoor by 61.2% in the 4th quarter. GAMMA Investing LLC now owns 6,007 shares of the company’s stock valued at $347,000 after acquiring an additional 2,281 shares during the period.

Analysts Set New Price Targets

Several equities analysts recently issued reports on FTDR shares. Truist Financial set a $71.00 target price on Frontdoor in a research report on Monday, January 26th. Wall Street Zen downgraded Frontdoor from a “buy” rating to a “hold” rating in a research report on Sunday, March 8th. Oppenheimer reaffirmed an “outperform” rating and set a $70.00 price target on shares of Frontdoor in a research report on Thursday, February 26th. Benchmark initiated coverage on Frontdoor in a research report on Thursday, March 26th. They set a “buy” rating and a $80.00 price target on the stock. Finally, The Goldman Sachs Group raised Frontdoor from a “sell” rating to a “neutral” rating and increased their price target for the stock from $50.00 to $67.00 in a research report on Monday, March 2nd. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $68.60.

Frontdoor Price Performance

NASDAQ:FTDR opened at $54.99 on Wednesday. Frontdoor Inc. has a 52 week low of $36.79 and a 52 week high of $70.77. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 4.73. The stock has a market capitalization of $3.88 billion, a PE ratio of 16.13 and a beta of 1.41. The stock’s 50-day moving average price is $59.22 and its 200-day moving average price is $59.40.

Frontdoor (NASDAQ:FTDR) last posted its earnings results on Thursday, February 26th. The company reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.12. Frontdoor had a return on equity of 120.79% and a net margin of 12.18%.The firm had revenue of $433.00 million for the quarter, compared to analysts’ expectations of $421.62 million. During the same period last year, the firm earned $0.27 EPS. The company’s quarterly revenue was up 13.1% on a year-over-year basis. As a group, equities analysts expect that Frontdoor Inc. will post 3.07 EPS for the current fiscal year.

Frontdoor Company Profile

Frontdoor, Inc (NASDAQ:FTDR) is a leading provider of home service plans and repair solutions for residential property owners. The company offers contract-based coverage that helps homeowners manage the cost of repairing and replacing essential household systems and appliances, including heating and cooling, plumbing, electrical wiring, water heaters, washers, dryers, refrigerators and other major kitchen equipment.

Frontdoor delivers its services through a nationwide network of independent service professionals and contractors, leveraging a cloud-based platform and call center infrastructure to coordinate service visits and process claims.