Point72 Asia Singapore Pte. Ltd. Purchases 3,345 Shares of Frontdoor, Inc. (NASDAQ:FTDR)

Point72 Asia Singapore Pte. Ltd. increased its position in shares of Frontdoor, Inc. (NASDAQ:FTDR) by 210.9% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 4,931 shares of the company’s stock after buying an additional 3,345 shares during the quarter. Point72 Asia Singapore Pte. Ltd.’s holdings in Frontdoor were worth $237,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of FTDR. Exchange Traded Concepts LLC bought a new position in shares of Frontdoor in the third quarter worth about $27,000. GAMMA Investing LLC lifted its holdings in shares of Frontdoor by 90.7% during the second quarter. GAMMA Investing LLC now owns 879 shares of the company’s stock worth $30,000 after buying an additional 418 shares during the last quarter. V Square Quantitative Management LLC bought a new stake in shares of Frontdoor in the third quarter valued at approximately $31,000. Isthmus Partners LLC boosted its position in shares of Frontdoor by 0.5% in the second quarter. Isthmus Partners LLC now owns 110,249 shares of the company’s stock valued at $37,000 after acquiring an additional 603 shares during the period. Finally, Quarry LP grew its stake in shares of Frontdoor by 468.1% in the second quarter. Quarry LP now owns 1,085 shares of the company’s stock worth $37,000 after acquiring an additional 894 shares during the last quarter.

Frontdoor Stock Up 0.3 %

Shares of NASDAQ:FTDR opened at $58.42 on Wednesday. The company has a market capitalization of $4.43 billion, a PE ratio of 19.34 and a beta of 1.08. The company has a debt-to-equity ratio of 2.16, a quick ratio of 1.42 and a current ratio of 1.42. The company’s fifty day moving average is $52.73 and its 200-day moving average is $44.78. Frontdoor, Inc. has a 52 week low of $29.41 and a 52 week high of $60.42.

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

Wall Street Analyst Weigh In

Several research firms have issued reports on FTDR. JPMorgan Chase & Co. raised their price target on shares of Frontdoor from $45.00 to $55.00 and gave the stock an “overweight” rating in a research report on Monday, August 12th. Truist Financial boosted their price target on Frontdoor from $56.00 to $58.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. Finally, The Goldman Sachs Group raised their price objective on Frontdoor from $41.00 to $46.00 and gave the stock a “sell” rating in a research report on Tuesday, November 5th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $49.50.

About Frontdoor

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.