Two Sigma Securities LLC Sells 11,353 Shares of Frontdoor Inc. $FTDR

Two Sigma Securities LLC lessened its position in shares of Frontdoor Inc. (NASDAQ:FTDR) by 75.5% in the second quarter, according to its most recent filing with the SEC. The firm owned 3,682 shares of the company’s stock after selling 11,353 shares during the quarter. Two Sigma Securities LLC’s holdings in Frontdoor were worth $286,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Keating Financial Advisory Services Inc. bought a new stake in shares of Frontdoor in the 2nd quarter valued at $25,000. EverSource Wealth Advisors LLC raised its stake in Frontdoor by 164.6% during the second quarter. EverSource Wealth Advisors LLC now owns 799 shares of the company’s stock worth $47,000 after buying an additional 497 shares during the last quarter. Public Employees Retirement System of Ohio bought a new position in Frontdoor during the second quarter worth $58,000. Quarry LP lifted its holdings in Frontdoor by 429.5% in the third quarter. Quarry LP now owns 879 shares of the company’s stock valued at $59,000 after buying an additional 713 shares during the period. Finally, Global Retirement Partners LLC lifted its holdings in Frontdoor by 8,376.9% in the fourth quarter. Global Retirement Partners LLC now owns 1,102 shares of the company’s stock valued at $64,000 after buying an additional 1,089 shares during the period.

Frontdoor Price Performance

FTDR stock opened at $82.71 on Friday. The stock has a market capitalization of $5.70 billion, a PE ratio of 21.94 and a beta of 1.50. The company’s 50-day moving average is $78.77 and its 200-day moving average is $68.10. The company has a debt-to-equity ratio of 3.98, a current ratio of 1.59 and a quick ratio of 1.59. Frontdoor Inc. has a 1 year low of $48.47 and a 1 year high of $93.43.

Frontdoor (NASDAQ:FTDR) last issued its earnings results on Thursday, August 6th. The company reported $1.93 EPS for the quarter, beating analysts’ consensus estimates of $1.76 by $0.17. Frontdoor had a return on equity of 120.90% and a net margin of 12.72%.The business had revenue of $645.00 million during the quarter, compared to analyst estimates of $643.40 million. During the same period in the previous year, the company posted $1.63 EPS. The firm’s revenue was up 4.5% compared to the same quarter last year. Equities research analysts expect that Frontdoor Inc. will post 4.67 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on FTDR. Benchmark increased their price target on Frontdoor from $80.00 to $96.00 and gave the stock a “buy” rating in a report on Friday, August 7th. Weiss Ratings reissued a “buy (b-)” rating on shares of Frontdoor in a research note on Tuesday, August 18th. Wolfe Research upgraded Frontdoor to an “outperform” rating in a research report on Monday, August 24th. JPMorgan Chase & Co. began coverage on Frontdoor in a research note on Monday, August 24th. They set a “neutral” rating and a $95.00 target price for the company. Finally, Truist Financial lifted their target price on Frontdoor from $82.00 to $105.00 and gave the stock a “buy” rating in a report on Friday, August 7th. Five investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Frontdoor presently has an average rating of “Moderate Buy” and a consensus target price of $92.60.

About Frontdoor

Frontdoor, Inc (NASDAQ:FTDR) is a leading provider of home service plans and repair solutions for residential property owners. The company offers contract-based coverage that helps homeowners manage the cost of repairing and replacing essential household systems and appliances, including heating and cooling, plumbing, electrical wiring, water heaters, washers, dryers, refrigerators and other major kitchen equipment.

Frontdoor delivers its services through a nationwide network of independent service professionals and contractors, leveraging a cloud-based platform and call center infrastructure to coordinate service visits and process claims.