Frontdoor, Inc. (NASDAQ:FTDR) Shares Sold by Isthmus Partners LLC

Isthmus Partners LLC lowered its stake in shares of Frontdoor, Inc. (NASDAQ:FTDR) by 0.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 90,122 shares of the company’s stock after selling 734 shares during the quarter. Isthmus Partners LLC’s holdings in Frontdoor were worth $4,927,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. USA Financial Formulas bought a new position in Frontdoor during the 4th quarter valued at $60,000. TD Private Client Wealth LLC acquired a new stake in shares of Frontdoor in the 3rd quarter valued at about $68,000. Blue Trust Inc. lifted its position in shares of Frontdoor by 315.3% during the fourth quarter. Blue Trust Inc. now owns 1,632 shares of the company’s stock worth $89,000 after purchasing an additional 1,239 shares during the last quarter. Nkcfo LLC acquired a new position in Frontdoor in the fourth quarter worth about $96,000. Finally, GAMMA Investing LLC increased its holdings in Frontdoor by 26.0% in the fourth quarter. GAMMA Investing LLC now owns 2,100 shares of the company’s stock valued at $115,000 after buying an additional 433 shares during the last quarter.

Frontdoor Stock Performance

Shares of FTDR stock opened at $39.44 on Monday. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 2.16. The business has a 50 day moving average of $55.72 and a two-hundred day moving average of $53.57. The company has a market cap of $2.95 billion, a P/E ratio of 13.06 and a beta of 1.18. Frontdoor, Inc. has a 52 week low of $29.41 and a 52 week high of $63.49.

Insider Activity at Frontdoor

In other news, COO Evan Iverson sold 16,000 shares of Frontdoor stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $58.84, for a total transaction of $941,440.00. Following the sale, the chief operating officer now owns 4,955 shares of the company’s stock, valued at approximately $291,552.20. The trade was a 76.35 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Kathryn M. Collins sold 25,784 shares of the business’s stock in a transaction that occurred on Tuesday, December 10th. The stock was 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 owns 9,429 shares of the company’s stock, valued at approximately $547,447.74. This represents a 73.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.29% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on FTDR. Truist Financial increased their target price on Frontdoor from $58.00 to $67.00 and gave the stock a “buy” rating in a report on Friday, February 14th. The Goldman Sachs Group decreased their price objective on shares of Frontdoor from $46.00 to $40.00 and set a “sell” rating for the company in a report on Monday, March 3rd. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $50.25.

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.