Farther Finance Advisors LLC Has $510,000 Holdings in Frontdoor, Inc. (NASDAQ:FTDR)

Farther Finance Advisors LLC grew its position in shares of Frontdoor, Inc. (NASDAQ:FTDR) by 5,840.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,634 shares of the company’s stock after buying an additional 10,455 shares during the quarter. Farther Finance Advisors LLC’s holdings in Frontdoor were worth $510,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. BOKF NA acquired a new stake in shares of Frontdoor during the 2nd quarter valued at about $493,000. Swedbank AB acquired a new stake in shares of Frontdoor during the 1st quarter valued at about $18,542,000. CANADA LIFE ASSURANCE Co lifted its holdings in shares of Frontdoor by 22.7% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 125,556 shares of the company’s stock valued at $4,092,000 after buying an additional 23,194 shares during the last quarter. Natixis Advisors LLC acquired a new stake in shares of Frontdoor during the 2nd quarter valued at about $513,000. Finally, Jupiter Asset Management Ltd. lifted its holdings in shares of Frontdoor by 664.5% during the 1st quarter. Jupiter Asset Management Ltd. now owns 247,541 shares of the company’s stock valued at $8,065,000 after buying an additional 215,160 shares during the last quarter.

Frontdoor Stock Performance

Shares of NASDAQ FTDR opened at $57.34 on Thursday. The company has a quick ratio of 1.27, a current ratio of 1.42 and a debt-to-equity ratio of 2.16. The business’s 50 day moving average is $49.22 and its two-hundred day moving average is $41.61. The company has a market cap of $4.39 billion, a P/E ratio of 18.99 and a beta of 1.03. Frontdoor, Inc. has a 12 month low of $29.41 and a 12 month high of $57.49.

Frontdoor (NASDAQ:FTDR) last issued its quarterly earnings results on Monday, November 4th. The company reported $1.38 EPS for the quarter, topping the consensus estimate of $1.05 by $0.33. The company had revenue of $540.00 million for the quarter, compared to the consensus estimate of $541.88 million. Frontdoor had a return on equity of 132.99% and a net margin of 12.87%. The company’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.94 EPS. On average, equities analysts expect that Frontdoor, Inc. will post 2.79 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on FTDR shares. JPMorgan Chase & Co. lifted their price target on Frontdoor from $45.00 to $55.00 and gave the company an “overweight” rating in a report on Monday, August 12th. William Blair raised Frontdoor from a “market perform” rating to an “outperform” rating in a research note on Friday, August 2nd. The Goldman Sachs Group raised their price objective on Frontdoor from $41.00 to $46.00 and gave the company a “sell” rating in a research note on Tuesday. Finally, Truist Financial raised their price objective on Frontdoor from $56.00 to $58.00 and gave the company a “buy” rating in a research note on Tuesday. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target 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.