Frontdoor (NASDAQ:FTDR) Stock: Insider William Cobb Sells 73,113 Shares

Frontdoor Inc. (NASDAQ:FTDR) CEO William Cobb sold 73,113 shares of the company’s stock in a transaction on Tuesday, November 10th. The stock was sold at an average price of $99.17, for a total value of $7,250,616.21. Following the completion of the sale, the chief executive officer directly owned 184,335 shares in the company, valued at approximately $18,280,501.95. The trade was a 28.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Frontdoor Stock Up 1.3%

FTDR traded up $1.22 during trading on Friday, reaching $96.64. The stock had a trading volume of 533,036 shares, compared to its average volume of 824,462. The stock’s 50 day moving average is $82.54 and its two-hundred day moving average is $71.12. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 3.57. The company has a market capitalization of $6.53 billion, a price-to-earnings ratio of 24.16 and a beta of 1.60. Frontdoor Inc. has a one year low of $48.90 and a one year high of $103.07.

Frontdoor (NASDAQ:FTDR) last announced its quarterly earnings data on Thursday, November 5th. The company reported $1.81 EPS for the quarter, beating the consensus estimate of $1.77 by $0.04. Frontdoor had a return on equity of 124.74% and a net margin of 12.96%. The business had revenue of $655.00 million during the quarter, compared to analyst estimates of $647.73 million. During the same quarter last year, the firm posted $1.58 earnings per share. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. As a group, analysts expect that Frontdoor Inc. will post 4.77 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Keating Financial Advisory Services Inc. bought a new stake in Frontdoor in the second quarter worth $25,000. Meeder Asset Management Inc. purchased a new stake in shares of Frontdoor in the third quarter worth $27,000. Public Employees Retirement System of Ohio purchased a new stake in shares of Frontdoor in the second quarter worth $58,000. Hantz Financial Services Inc. grew its stake in shares of Frontdoor by 18.5% in the third quarter. Hantz Financial Services Inc. now owns 833 shares of the company’s stock worth $61,000 after acquiring an additional 130 shares during the last quarter. Finally, Parallel Advisors LLC increased its holdings in shares of Frontdoor by 233.3% during the third quarter. Parallel Advisors LLC now owns 890 shares of the company’s stock valued at $65,000 after acquiring an additional 623 shares in the last quarter.

Analyst Ratings Changes

A number of research analysts recently issued reports on FTDR shares. JPMorgan Chase & Co. initiated coverage on shares of Frontdoor in a research report on Monday, August 24th. They set a “neutral” rating and a $95.00 price target for the company. Weiss Ratings raised shares of Frontdoor from a “hold (c+)” rating to a “buy (b)” rating in a research note on Wednesday, October 21st. Truist Financial upped their price objective on shares of Frontdoor from $105.00 to $115.00 and gave the stock a “buy” rating in a report on Friday, November 6th. The Goldman Sachs Group upped their price objective on shares of Frontdoor from $81.00 to $93.00 and gave the stock a “neutral” rating in a report on Monday, November 9th. Finally, Wolfe Research raised shares of Frontdoor to an “outperform” rating in a research note on Monday, August 24th. Five investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $99.80.

Frontdoor Company Profile

Frontdoor, Inc. provides home service plans and repair solutions in the United States. Its plans help homeowners manage the cost of repairing or replacing covered home systems and appliances, such as heating and cooling equipment, plumbing, and kitchen appliances. The company serves customers through brands including American Home Shield, HSA Home Warranty, and OneGuard Home Warranties. It also connects customers with a network of independent service contractors and offers digital tools and support to help arrange home repairs.