Tower Research Capital LLC TRC Sells 6,197 Shares of Frontdoor, Inc. (NASDAQ:FTDR)

Tower Research Capital LLC TRC decreased its holdings in Frontdoor, Inc. (NASDAQ:FTDR) by 83.2% during the fourth quarter, HoldingsChannel.com reports. The firm owned 1,252 shares of the company’s stock after selling 6,197 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Frontdoor were worth $68,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Bessemer Group Inc. grew its stake in Frontdoor by 514.7% in the fourth quarter. Bessemer Group Inc. now owns 627 shares of the company’s stock valued at $34,000 after purchasing an additional 525 shares during the last quarter. USA Financial Formulas purchased a new stake in shares of Frontdoor in the fourth quarter valued at approximately $60,000. TD Private Client Wealth LLC increased its position in shares of Frontdoor by 12.9% during the fourth quarter. TD Private Client Wealth LLC now owns 1,597 shares of the company’s stock worth $87,000 after purchasing an additional 183 shares in the last quarter. Blue Trust Inc. boosted its stake in Frontdoor by 315.3% during the fourth quarter. Blue Trust Inc. now owns 1,632 shares of the company’s stock worth $89,000 after buying an additional 1,239 shares during the last quarter. Finally, Nkcfo LLC purchased a new position in shares of Frontdoor during the 4th quarter worth $96,000.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. The Goldman Sachs Group cut their price target on Frontdoor from $46.00 to $40.00 and set a “sell” rating on the stock in a report on Monday, March 3rd. Truist Financial raised their price objective on Frontdoor from $58.00 to $67.00 and gave the company a “buy” rating in a research note on Friday, February 14th. Finally, JPMorgan Chase & Co. downgraded Frontdoor from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $58.00 to $40.00 in a research report on Tuesday, April 22nd.

Frontdoor Stock Performance

Shares of NASDAQ FTDR opened at $53.12 on Monday. The stock has a market capitalization of $3.91 billion, a price-to-earnings ratio of 17.59 and a beta of 1.21. The stock’s fifty day simple moving average is $40.88 and its 200 day simple moving average is $51.00. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 2.16. Frontdoor, Inc. has a 52-week low of $32.95 and a 52-week high of $63.49.

Frontdoor (NASDAQ:FTDR) last posted its quarterly earnings data on Thursday, May 1st. The company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.27. Frontdoor had a return on equity of 132.99% and a net margin of 12.87%. The business had revenue of $426.00 million during the quarter, compared to analysts’ expectations of $416.37 million. During the same quarter in the previous year, the firm earned $0.44 EPS. The firm’s revenue was up 12.7% compared to the same quarter last year. As a group, sell-side analysts forecast that Frontdoor, Inc. will post 3.07 earnings per share for the current fiscal year.

Frontdoor Company 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.