Neuberger Berman Group LLC Buys Shares of 13,487 Frontdoor Inc. $FTDR

Neuberger Berman Group LLC purchased a new position in shares of Frontdoor Inc. (NASDAQ:FTDR) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 13,487 shares of the company’s stock, valued at approximately $795,000.

Other hedge funds have also recently modified their holdings of the company. Bessemer Group Inc. lifted its position in Frontdoor by 322.1% during the second quarter. Bessemer Group Inc. now owns 515 shares of the company’s stock valued at $30,000 after purchasing an additional 393 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new position in shares of Frontdoor in the first quarter worth about $42,000. EverSource Wealth Advisors LLC lifted its position in shares of Frontdoor by 164.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 799 shares of the company’s stock valued at $47,000 after buying an additional 497 shares in the last quarter. Elevation Point Wealth Partners LLC purchased a new position in shares of Frontdoor during the 2nd quarter valued at about $72,000. Finally, Huntington National Bank grew its stake in shares of Frontdoor by 56.0% during the 2nd quarter. Huntington National Bank now owns 1,482 shares of the company’s stock valued at $87,000 after acquiring an additional 532 shares during the period.

Frontdoor Trading Down 0.3%

Frontdoor stock opened at $54.71 on Monday. Frontdoor Inc. has a 1 year low of $35.61 and a 1 year high of $70.14. The firm’s 50 day moving average price is $58.52 and its 200-day moving average price is $59.62. The company has a debt-to-equity ratio of 3.64, a current ratio of 1.73 and a quick ratio of 1.73. The stock has a market cap of $3.95 billion, a P/E ratio of 15.59 and a beta of 1.32.

Frontdoor (NASDAQ:FTDR) last issued its earnings results on Wednesday, November 5th. The company reported $1.58 earnings per share for the quarter, topping analysts’ consensus estimates of $1.49 by $0.09. The firm had revenue of $618.00 million during the quarter, compared to analyst estimates of $610.77 million. Frontdoor had a net margin of 12.87% and a return on equity of 122.74%. Frontdoor’s revenue for the quarter was up 14.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.38 earnings per share. On average, equities analysts predict that Frontdoor Inc. will post 3.07 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have weighed in on FTDR shares. Zacks Research downgraded shares of Frontdoor from a “strong-buy” rating to a “hold” rating in a report on Friday, October 10th. Wall Street Zen downgraded shares of Frontdoor from a “buy” rating to a “hold” rating in a research report on Monday, November 24th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Frontdoor in a report on Monday, December 8th. Two investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $59.75.

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.