37,570 Shares in Frontdoor Inc. $FTDR Bought by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company purchased a new position in Frontdoor Inc. (NASDAQ:FTDR) in the second quarter, Holdings Channel.com reports. The firm purchased 37,570 shares of the company’s stock, valued at approximately $2,915,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Keating Financial Advisory Services Inc. purchased a new position in shares of Frontdoor in the second quarter valued at about $25,000. EverSource Wealth Advisors LLC grew its position in shares of Frontdoor by 164.6% during the second quarter. EverSource Wealth Advisors LLC now owns 799 shares of the company’s stock worth $47,000 after purchasing an additional 497 shares in the last quarter. Quarry LP grew its position in shares of Frontdoor by 429.5% during the third quarter. Quarry LP now owns 879 shares of the company’s stock worth $59,000 after purchasing an additional 713 shares in the last quarter. Global Retirement Partners LLC grew its position in shares of Frontdoor by 8,376.9% during the fourth quarter. Global Retirement Partners LLC now owns 1,102 shares of the company’s stock worth $64,000 after purchasing an additional 1,089 shares in the last quarter. Finally, Plato Investment Management Ltd bought a new stake in Frontdoor during the 2nd quarter valued at approximately $83,000.

Frontdoor Stock Down 1.7%

NASDAQ FTDR opened at $79.51 on Wednesday. The stock has a 50 day moving average price of $78.44 and a 200-day moving average price of $67.75. Frontdoor Inc. has a one year low of $48.47 and a one year high of $93.43. The company has a debt-to-equity ratio of 3.98, a quick ratio of 1.59 and a current ratio of 1.59. The company has a market capitalization of $5.48 billion, a P/E ratio of 21.09 and a beta of 1.50.

Frontdoor (NASDAQ:FTDR) last announced its quarterly earnings results on Thursday, August 6th. The company reported $1.93 earnings per share for the quarter, topping the consensus estimate of $1.76 by $0.17. The company had revenue of $645.00 million for the quarter, compared to analysts’ expectations of $643.40 million. Frontdoor had a net margin of 12.72% and a return on equity of 120.90%. Frontdoor’s quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.63 earnings per share. As a group, equities analysts predict that Frontdoor Inc. will post 4.67 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Oppenheimer boosted their price target on Frontdoor from $70.00 to $100.00 and gave the stock an “outperform” rating in a report on Friday, August 7th. JPMorgan Chase & Co. started coverage on shares of Frontdoor in a report on Monday, August 24th. They issued a “neutral” rating and a $95.00 target price on the stock. Truist Financial upped their target price on shares of Frontdoor from $82.00 to $105.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. The Goldman Sachs Group reaffirmed a “neutral” rating on shares of Frontdoor in a research note on Friday, August 7th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Frontdoor in a report on Tuesday, August 18th. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, Frontdoor has a consensus rating of “Moderate Buy” and a consensus target price of $92.60.

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.