Gladius Capital Management LP Reduces Holdings in Frontdoor, Inc. (NASDAQ:FTDR)

Gladius Capital Management LP reduced its stake in Frontdoor, Inc. (NASDAQ:FTDR) by 71.6% during the third quarter, Holdings Channel.com reports. The firm owned 1,206 shares of the company’s stock after selling 3,040 shares during the period. Gladius Capital Management LP’s holdings in Frontdoor were worth $58,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Diversified Trust Co increased its stake in shares of Frontdoor by 2.5% in the third quarter. Diversified Trust Co now owns 12,130 shares of the company’s stock worth $582,000 after buying an additional 299 shares during the period. Tidal Investments LLC raised its stake in shares of Frontdoor by 2.2% during the first quarter. Tidal Investments LLC now owns 15,740 shares of the company’s stock valued at $513,000 after acquiring an additional 344 shares during the last quarter. CWM LLC boosted its holdings in shares of Frontdoor by 15.8% during the third quarter. CWM LLC now owns 2,695 shares of the company’s stock worth $129,000 after purchasing an additional 367 shares during the period. GAMMA Investing LLC grew its stake in shares of Frontdoor by 90.7% in the second quarter. GAMMA Investing LLC now owns 879 shares of the company’s stock worth $30,000 after purchasing an additional 418 shares during the last quarter. Finally, Exchange Traded Concepts LLC purchased a new position in Frontdoor during the 3rd quarter valued at about $27,000.

Wall Street Analyst Weigh In

Several research firms have weighed in on FTDR. The Goldman Sachs Group increased their price objective on Frontdoor from $41.00 to $46.00 and gave the stock a “sell” rating in a report on Tuesday, November 5th. Truist Financial lifted their price target on shares of Frontdoor from $56.00 to $58.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. William Blair upgraded shares of Frontdoor from a “market perform” rating to an “outperform” rating in a report on Friday, August 2nd. Finally, JPMorgan Chase & Co. lifted their target price on shares of Frontdoor from $45.00 to $55.00 and gave the company an “overweight” rating in a research note on Monday, August 12th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Frontdoor currently has an average rating of “Hold” and an average target price of $49.50.

Frontdoor Stock Performance

Shares of Frontdoor stock opened at $54.87 on Friday. Frontdoor, Inc. has a 12 month low of $29.41 and a 12 month high of $58.86. The firm has a market capitalization of $4.16 billion, a P/E ratio of 18.17 and a beta of 1.03. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 2.16. The business has a fifty day simple moving average of $50.46 and a two-hundred day simple moving average of $42.87.

Frontdoor (NASDAQ:FTDR) last posted its quarterly earnings data on Monday, November 4th. The company reported $1.38 EPS for the quarter, topping the consensus estimate of $1.05 by $0.33. Frontdoor had a net margin of 12.87% and a return on equity of 132.99%. The business 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 posted $0.94 earnings per share. Frontdoor’s quarterly revenue was up 3.1% on a year-over-year basis. On average, equities analysts forecast that Frontdoor, Inc. will post 3.14 earnings per share for the current fiscal year.

Frontdoor 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.