Values First Advisors Inc. Makes New Investment in Frontdoor, Inc. (NASDAQ:FTDR)

Values First Advisors Inc. bought a new position in shares of Frontdoor, Inc. (NASDAQ:FTDR) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 5,444 shares of the company’s stock, valued at approximately $298,000.

A number of other institutional investors have also recently modified their holdings of FTDR. Exchange Traded Concepts LLC acquired a new position in Frontdoor in the 3rd quarter worth about $27,000. V Square Quantitative Management LLC purchased a new stake in shares of Frontdoor in the third quarter valued at approximately $31,000. USA Financial Formulas acquired a new position in shares of Frontdoor during the 4th quarter worth approximately $60,000. TD Private Client Wealth LLC purchased a new position in shares of Frontdoor during the 3rd quarter valued at approximately $68,000. Finally, Blue Trust Inc. grew its stake in Frontdoor by 332.8% in the 4th quarter. Blue Trust Inc. now owns 1,701 shares of the company’s stock valued at $93,000 after acquiring an additional 1,308 shares during the period.

Insiders Place Their Bets

In related news, COO Evan Iverson sold 16,000 shares of the stock in a transaction that occurred on 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 owns 4,955 shares of the company’s stock, valued at approximately $291,552.20. This trade represents a 76.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Kathryn M. Collins sold 25,784 shares of Frontdoor stock in a transaction that occurred on 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 transaction, the senior vice president now owns 9,429 shares in the company, valued at approximately $547,447.74. The trade was a 73.22 % decrease in their position. The disclosure for this sale can be found here. 0.29% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. The Goldman Sachs Group upped their price objective on shares of Frontdoor from $41.00 to $46.00 and gave the stock a “sell” rating in a research report on Tuesday, November 5th. Truist Financial upped their price target on shares of Frontdoor from $56.00 to $58.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $49.50.

Frontdoor Stock Down 0.9 %

Shares of FTDR opened at $57.75 on Thursday. The stock has a 50 day moving average price of $57.59 and a 200 day moving average price of $52.65. Frontdoor, Inc. has a one year low of $29.41 and a one year high of $63.49. The company has a debt-to-equity ratio of 2.16, a quick ratio of 1.42 and a current ratio of 1.42. The stock has a market capitalization of $4.38 billion, a price-to-earnings ratio of 19.12 and a beta of 1.08.

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.