Frontdoor (NASDAQ:FTDR) Trading Down 10% – Time to Sell?

Frontdoor, Inc. (NASDAQ:FTDR) fell 10% on Thursday . The company traded as low as $51.81 and last traded at $51.44. 232,853 shares were traded during mid-day trading, a decline of 63% from the average session volume of 624,226 shares. The stock had previously closed at $57.17.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Truist Financial raised their price target on Frontdoor from $58.00 to $67.00 and gave the stock a “buy” rating in a report on Friday, February 14th. The Goldman Sachs Group lifted their target price on Frontdoor from $41.00 to $46.00 and gave the company a “sell” rating in a research note on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $51.75.

Frontdoor Stock Down 16.8 %

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 stock has a market capitalization of $3.61 billion, a PE ratio of 15.73 and a beta of 1.08. The firm’s fifty day moving average is $57.64 and its 200-day moving average is $53.73.

Frontdoor (NASDAQ:FTDR) last issued its earnings results on Thursday, February 27th. The company reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.16. Frontdoor had a return on equity of 132.99% and a net margin of 12.87%. On average, equities research analysts predict that Frontdoor, Inc. will post 3.07 earnings per share for the current year.

Insider Buying and Selling at Frontdoor

In other news, COO Evan Iverson sold 16,000 shares of Frontdoor stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $58.84, for a total transaction of $941,440.00. Following the completion of the sale, the chief operating officer now directly owns 4,955 shares in the company, valued at approximately $291,552.20. This trade represents a 76.35 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Kathryn M. Collins sold 25,784 shares of the business’s 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 sale, the senior vice president now directly owns 9,429 shares in the company, valued at $547,447.74. This trade represents a 73.22 % decrease in their position. The disclosure for this sale can be found here. 0.89% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in FTDR. Harbor Capital Advisors Inc. grew its stake in Frontdoor by 84.0% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 184,408 shares of the company’s stock valued at $8,850,000 after acquiring an additional 84,167 shares during the last quarter. Meeder Asset Management Inc. lifted its holdings in shares of Frontdoor by 362.8% in the third quarter. Meeder Asset Management Inc. now owns 24,590 shares of the company’s stock valued at $1,180,000 after purchasing an additional 19,277 shares in the last quarter. Verition Fund Management LLC grew its position in shares of Frontdoor by 255.5% in the third quarter. Verition Fund Management LLC now owns 21,757 shares of the company’s stock valued at $1,044,000 after purchasing an additional 15,637 shares during the last quarter. Atria Investments Inc acquired a new stake in shares of Frontdoor in the third quarter valued at approximately $315,000. Finally, Geode Capital Management LLC increased its stake in shares of Frontdoor by 3.7% during the 3rd quarter. Geode Capital Management LLC now owns 2,113,474 shares of the company’s stock worth $101,442,000 after purchasing an additional 74,542 shares in the last quarter.

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.