Proficio Capital Partners LLC Invests $2.22 Million in Frontdoor, Inc. (NASDAQ:FTDR)

Proficio Capital Partners LLC acquired a new stake in Frontdoor, Inc. (NASDAQ:FTDR) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 40,674 shares of the company’s stock, valued at approximately $2,224,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Atria Investments Inc bought a new position in shares of Frontdoor in the 3rd quarter valued at about $315,000. Natixis Advisors LLC grew its holdings in Frontdoor by 13.3% during the third quarter. Natixis Advisors LLC now owns 17,213 shares of the company’s stock worth $826,000 after purchasing an additional 2,023 shares during the period. Quest Partners LLC grew its holdings in Frontdoor by 2.2% during the third quarter. Quest Partners LLC now owns 32,488 shares of the company’s stock worth $1,559,000 after purchasing an additional 707 shares during the period. Meeder Asset Management Inc. increased its position in Frontdoor by 362.8% during the third quarter. Meeder Asset Management Inc. now owns 24,590 shares of the company’s stock worth $1,180,000 after buying an additional 19,277 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its stake in Frontdoor by 10.9% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 174,685 shares of the company’s stock valued at $8,383,000 after buying an additional 17,166 shares during the period.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on FTDR. Truist Financial boosted their target price on Frontdoor from $58.00 to $67.00 and gave the stock a “buy” rating in a report on Friday, February 14th. The Goldman Sachs Group decreased their price objective on shares of Frontdoor from $46.00 to $40.00 and set a “sell” rating on the stock in a report on Monday, March 3rd. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $50.25.

Frontdoor Trading Down 2.1 %

Shares of FTDR stock opened at $37.07 on Wednesday. Frontdoor, Inc. has a 12-month low of $29.41 and a 12-month high of $63.49. The company has a market capitalization of $2.77 billion, a PE ratio of 12.27 and a beta of 1.18. The firm has a 50 day moving average price of $53.36 and a two-hundred day moving average price of $53.07. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 2.16.

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.