Monimus Capital Management LP Makes New $671,000 Investment in Frontdoor, Inc. (NASDAQ:FTDR)

Monimus Capital Management LP purchased a new position in Frontdoor, Inc. (NASDAQ:FTDR) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 12,270 shares of the company’s stock, valued at approximately $671,000.

A number of other hedge funds have also recently added to or reduced their stakes in FTDR. Raymond James Financial Inc. acquired a new position in shares of Frontdoor in the 4th quarter valued at about $17,465,000. Skandinaviska Enskilda Banken AB publ lifted its stake in shares of Frontdoor by 99.9% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 274,800 shares of the company’s stock valued at $15,045,000 after purchasing an additional 137,300 shares in the last quarter. Castellan Group acquired a new position in shares of Frontdoor in the 3rd quarter valued at about $5,881,000. Geode Capital Management LLC lifted its stake in shares of Frontdoor by 3.7% in the 3rd quarter. Geode Capital Management LLC now owns 2,113,474 shares of the company’s stock valued at $101,442,000 after purchasing an additional 74,542 shares in the last quarter. Finally, Edgestream Partners L.P. lifted its stake in shares of Frontdoor by 462.3% in the 4th quarter. Edgestream Partners L.P. now owns 76,836 shares of the company’s stock valued at $4,201,000 after purchasing an additional 63,171 shares in the last quarter.

Analysts Set New Price Targets

FTDR has been the topic of several recent research reports. Truist Financial boosted their price target on Frontdoor from $58.00 to $67.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. The Goldman Sachs Group reduced their price target on Frontdoor from $46.00 to $40.00 and set a “sell” rating on the stock in a research report on Monday, March 3rd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $50.25.

Frontdoor Trading Up 3.2 %

Shares of FTDR stock opened at $38.40 on Friday. The company has a debt-to-equity ratio of 2.16, a quick ratio of 1.42 and a current ratio of 1.42. Frontdoor, Inc. has a 1 year low of $29.41 and a 1 year high of $63.49. The stock has a fifty day moving average of $54.39 and a two-hundred day moving average of $53.22. The firm has a market capitalization of $2.87 billion, a PE ratio of 12.72 and a beta of 1.18.

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.