BI Asset Management Fondsmaeglerselskab A S Purchases Shares of 50,317 Frontdoor Inc. $FTDR

BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of Frontdoor Inc. (NASDAQ:FTDR) in the 1st quarter, HoldingsChannel.com reports. The fund acquired 50,317 shares of the company’s stock, valued at approximately $2,660,000.

Other large investors also recently made changes to their positions in the company. Park Avenue Securities LLC grew its stake 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 worth $295,000 after purchasing an additional 198 shares during the last quarter. Nisa Investment Advisors LLC lifted its stake in Frontdoor by 11.7% during the fourth quarter. Nisa Investment Advisors LLC now owns 2,065 shares of the company’s stock valued at $119,000 after purchasing an additional 217 shares during the last quarter. Optivise Advisory Services LLC boosted its holdings in Frontdoor by 6.9% during the fourth quarter. Optivise Advisory Services LLC now owns 3,641 shares of the company’s stock worth $210,000 after buying an additional 235 shares in the last quarter. ProShare Advisors LLC boosted its holdings in Frontdoor by 1.7% during the fourth quarter. ProShare Advisors LLC now owns 14,232 shares of the company’s stock worth $821,000 after buying an additional 236 shares in the last quarter. Finally, Snowden Capital Advisors LLC boosted its holdings in Frontdoor by 4.1% during the second quarter. Snowden Capital Advisors LLC now owns 6,407 shares of the company’s stock worth $378,000 after buying an additional 250 shares in the last quarter.

Frontdoor Price Performance

Shares of FTDR opened at $73.21 on Wednesday. The company has a debt-to-equity ratio of 4.95, a current ratio of 1.47 and a quick ratio of 1.47. The company has a market capitalization of $5.14 billion, a price-to-earnings ratio of 20.98 and a beta of 1.50. The business’s 50-day moving average is $64.00 and its 200-day moving average is $60.43. Frontdoor Inc. has a fifty-two week low of $48.47 and a fifty-two week high of $73.36.

Frontdoor (NASDAQ:FTDR) last released its quarterly earnings data on Thursday, April 30th. The company reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.07. Frontdoor had a net margin of 12.22% and a return on equity of 118.62%. The firm had revenue of $451.00 million for the quarter, compared to analyst estimates of $442.28 million. During the same quarter in the prior year, the business earned $0.64 EPS. The company’s revenue for the quarter was up 5.9% compared to the same quarter last year. Equities research analysts expect that Frontdoor Inc. will post 4.48 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on FTDR shares. The Goldman Sachs Group raised Frontdoor from a “sell” rating to a “neutral” rating and upped their price target for the company from $50.00 to $67.00 in a report on Monday, March 2nd. Oppenheimer reissued an “outperform” rating and set a $70.00 price objective on shares of Frontdoor in a research note on Thursday, February 26th. Weiss Ratings cut Frontdoor from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, May 21st. Wall Street Zen lowered Frontdoor from a “buy” rating to a “hold” rating in a research report on Sunday, March 8th. Finally, Benchmark initiated coverage on Frontdoor in a report on Thursday, March 26th. They set a “buy” rating and a $80.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $72.00.

Frontdoor 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.