Frontdoor (NASDAQ:FTDR) Reaches New 52-Week High – Should You Buy?

Frontdoor, Inc. (NASDAQ:FTDR) hit a new 52-week high during trading on Monday . The stock traded as high as $60.62 and last traded at $60.65, with a volume of 290590 shares trading hands. The stock had previously closed at $58.45.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on FTDR. The Goldman Sachs Group boosted their target price on shares of Frontdoor from $41.00 to $46.00 and gave the company a “sell” rating in a research note on Tuesday, November 5th. Truist Financial upped their target price on shares of Frontdoor from $56.00 to $58.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $49.50.

Frontdoor Trading Up 1.7 %

The stock has a market capitalization of $4.73 billion, a PE ratio of 20.66 and a beta of 1.08. The business’s 50-day moving average is $57.31 and its two-hundred day moving average is $51.02. The company has a debt-to-equity ratio of 2.16, a quick ratio of 1.42 and a current ratio of 1.42.

Frontdoor (NASDAQ:FTDR) last announced its earnings results on Monday, November 4th. The company reported $1.38 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.33. Frontdoor had a net margin of 12.87% and a return on equity of 132.99%. The firm had revenue of $540.00 million during the quarter, compared to the consensus estimate of $541.88 million. During the same quarter in the previous year, the company posted $0.94 EPS. The firm’s revenue for the quarter was up 3.1% on a year-over-year basis. As a group, equities research analysts anticipate that Frontdoor, Inc. will post 3.15 earnings per share for the current year.

Insider Buying and Selling

In other Frontdoor news, 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 sale, the chief operating officer now directly owns 4,955 shares of the company’s stock, valued at $291,552.20. This trade represents a 76.35 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Kathryn M. Collins sold 25,784 shares of the firm’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $58.06, for a total value of $1,497,019.04. Following the transaction, the senior vice president now directly owns 9,429 shares in the company, valued at $547,447.74. This trade represents a 73.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.29% of the company’s stock.

Institutional Investors Weigh In On Frontdoor

A number of hedge funds and other institutional investors have recently made changes to their positions in FTDR. Values First Advisors Inc. acquired a new stake in Frontdoor in the 4th quarter valued at approximately $298,000. Allspring Global Investments Holdings LLC acquired a new stake in Frontdoor in the 4th quarter valued at $1,434,000. Empowered Funds LLC acquired a new stake in Frontdoor in the 4th quarter valued at $545,000. Advisors Preferred LLC bought a new position in Frontdoor in the 4th quarter valued at $1,060,000. Finally, Livforsakringsbolaget Skandia Omsesidigt bought a new stake in shares of Frontdoor during the fourth quarter worth $2,280,000.

Frontdoor Company Profile

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.