Frontdoor Inc. $FTDR Stock Sold by Fort Washington Investment Advisors Inc. OH

Fort Washington Investment Advisors Inc. OH decreased its position in Frontdoor Inc. (NASDAQ:FTDR) by 5.9% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 719,351 shares of the company’s stock after selling 45,196 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in Frontdoor were worth $52,599,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of FTDR. BlackRock Inc. acquired a new stake in shares of Frontdoor during the 2nd quarter worth approximately $859,552,000. Jupiter Topco LLC bought a new stake in shares of Frontdoor during the second quarter valued at approximately $113,873,000. Bank of America Corp DE bought a new stake in shares of Frontdoor during the second quarter valued at approximately $46,580,000. Bank of New York Mellon Corp acquired a new position in shares of Frontdoor in the second quarter valued at $33,812,000. Finally, Danske Bank A S acquired a new position in shares of Frontdoor in the second quarter valued at $28,742,000.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on FTDR. Oppenheimer raised their target price on Frontdoor from $70.00 to $100.00 and gave the stock an “outperform” rating in a research report on Friday, August 7th. JPMorgan Chase & Co. assumed coverage on shares of Frontdoor in a report on Monday, August 24th. They issued a “neutral” rating and a $95.00 price target on the stock. Weiss Ratings lowered shares of Frontdoor from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, October 6th. Truist Financial increased their price objective on shares of Frontdoor from $82.00 to $105.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Finally, Benchmark raised their price objective on shares of Frontdoor from $80.00 to $96.00 and gave the stock a “buy” rating in a report on Friday, August 7th. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $95.40.

Frontdoor Trading Down 1.8%

Shares of FTDR opened at $76.40 on Thursday. Frontdoor Inc. has a 1 year low of $48.47 and a 1 year high of $93.43. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 3.98. The stock has a 50 day simple moving average of $80.37 and a 200-day simple moving average of $71.49. The stock has a market cap of $5.26 billion, a PE ratio of 20.27 and a beta of 1.53.

Frontdoor (NASDAQ:FTDR) last announced its quarterly earnings results on Thursday, August 6th. The company reported $1.93 EPS for the quarter, beating the consensus estimate of $1.76 by $0.17. The business had revenue of $645.00 million for the quarter, compared to analyst estimates of $643.40 million. Frontdoor had a return on equity of 120.90% and a net margin of 12.72%. Frontdoor’s quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.63 EPS. On average, sell-side analysts predict that Frontdoor Inc. will post 4.67 EPS for the current fiscal year.

About Frontdoor

Frontdoor, Inc (NASDAQ: FTDR) is a provider of home warranty and home services in the United States. The company helps homeowners manage the cost and inconvenience of repairing or replacing covered home systems and appliances by connecting them with qualified service professionals.

Frontdoor’s portfolio includes American Home Shield, a major home warranty brand, along with 2-10 Home Buyers Warranty, HSA Home Warranty and Landmark Home Warranty. Its services generally cover items such as heating and cooling systems, electrical and plumbing systems, kitchen appliances and other household equipment, subject to the terms of individual contracts.

In addition to warranty plans, Frontdoor operates home services offerings that support homeowners, real estate professionals, contractors and service providers.