The Goldman Sachs Group Issues Pessimistic Forecast for Frontdoor (NASDAQ:FTDR) Stock Price

Frontdoor (NASDAQ:FTDR) had its price objective trimmed by The Goldman Sachs Group from $46.00 to $40.00 in a research report report published on Monday,Benzinga reports. The brokerage currently has a sell rating on the stock.

Separately, Truist Financial upped their target price on Frontdoor from $58.00 to $67.00 and gave the company a “buy” rating in a report on Friday, February 14th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $50.25.

Frontdoor Trading Down 0.0 %

Shares of NASDAQ FTDR opened at $42.05 on Monday. Frontdoor has a 12 month low of $29.41 and a 12 month high of $63.49. The company has a market cap of $3.14 billion, a price-to-earnings ratio of 13.92 and a beta of 1.18. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 2.16. The business has a fifty day simple moving average of $56.66 and a 200-day simple moving average of $53.71.

Insider Buying and Selling

In related news, COO Evan Iverson sold 16,000 shares of the stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $58.84, for a total value of $941,440.00. Following the completion of the sale, the chief operating officer now directly owns 4,955 shares of the company’s stock, valued at approximately $291,552.20. This represents a 76.35 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Kathryn M. Collins sold 25,784 shares of the company’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $58.06, for a total value of $1,497,019.04. Following the completion of the transaction, the senior vice president now directly owns 9,429 shares in the company, valued at approximately $547,447.74. The trade was a 73.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.89% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of FTDR. Wasatch Advisors LP acquired a new position in Frontdoor in the 4th quarter worth about $56,507,000. Price T Rowe Associates Inc. MD increased its position in Frontdoor by 621.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 881,083 shares of the company’s stock worth $48,169,000 after purchasing an additional 758,947 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Frontdoor in the 4th quarter worth about $17,465,000. Norges Bank acquired a new position in Frontdoor in the 4th quarter worth about $14,358,000. Finally, Janus Henderson Group PLC increased its holdings in shares of Frontdoor by 275.6% during the 4th quarter. Janus Henderson Group PLC now owns 340,094 shares of the company’s stock valued at $18,605,000 after acquiring an additional 249,552 shares during the last quarter.

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.