Evan Iverson Sells 16,000 Shares of Frontdoor, Inc. (NASDAQ:FTDR) Stock

Frontdoor, Inc. (NASDAQ:FTDR) COO Evan Iverson sold 16,000 shares of the business’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $58.84, for a total transaction of $941,440.00. Following the transaction, the chief operating officer now owns 4,955 shares in the company, valued at $291,552.20. This trade represents a 76.35 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Frontdoor Trading Up 1.4 %

Shares of FTDR traded up $0.84 during trading hours on Thursday, reaching $59.45. 458,155 shares of the company traded hands, compared to its average volume of 704,037. The stock’s fifty day moving average price is $53.99 and its 200 day moving average price is $45.68. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 2.16. The firm has a market cap of $4.51 billion, a price-to-earnings ratio of 19.41 and a beta of 1.08. Frontdoor, Inc. has a 12-month low of $29.41 and a 12-month high of $60.42.

Frontdoor (NASDAQ:FTDR) last released its quarterly earnings data on Monday, November 4th. The company reported $1.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.33. The company had revenue of $540.00 million during the quarter, compared to analysts’ expectations of $541.88 million. Frontdoor had a net margin of 12.87% and a return on equity of 132.99%. The firm’s quarterly revenue was up 3.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.94 EPS. Sell-side analysts forecast that Frontdoor, Inc. will post 3.14 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Castellan Group purchased a new stake in shares of Frontdoor in the 3rd quarter worth $5,881,000. Tidal Investments LLC raised its holdings in shares of Frontdoor by 36.0% in the third quarter. Tidal Investments LLC now owns 42,918 shares of the company’s stock valued at $2,060,000 after acquiring an additional 11,369 shares in the last quarter. TD Private Client Wealth LLC purchased a new stake in Frontdoor in the third quarter worth about $68,000. Geode Capital Management LLC grew its holdings in Frontdoor by 3.7% during the 3rd quarter. Geode Capital Management LLC now owns 2,113,474 shares of the company’s stock worth $101,442,000 after acquiring an additional 74,542 shares in the last quarter. Finally, MML Investors Services LLC purchased a new position in Frontdoor during the 3rd quarter valued at about $377,000.

Analyst Ratings Changes

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

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.