Point72 Asia Singapore Pte. Ltd. Sells 3,765 Shares of Frontdoor, Inc. (NASDAQ:FTDR)

Point72 Asia Singapore Pte. Ltd. lessened its position in Frontdoor, Inc. (NASDAQ:FTDR) by 70.4% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,586 shares of the company’s stock after selling 3,765 shares during the period. Point72 Asia Singapore Pte. Ltd.’s holdings in Frontdoor were worth $54,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. Illinois Municipal Retirement Fund increased its stake in shares of Frontdoor by 0.7% during the first quarter. Illinois Municipal Retirement Fund now owns 46,552 shares of the company’s stock worth $1,517,000 after purchasing an additional 321 shares during the period. Tidal Investments LLC grew its position in Frontdoor by 2.2% during the 1st quarter. Tidal Investments LLC now owns 15,740 shares of the company’s stock worth $513,000 after acquiring an additional 344 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of Frontdoor by 90.7% during the second quarter. GAMMA Investing LLC now owns 879 shares of the company’s stock valued at $30,000 after acquiring an additional 418 shares during the last quarter. Isthmus Partners LLC boosted its holdings in Frontdoor by 0.5% in the second quarter. Isthmus Partners LLC now owns 110,249 shares of the company’s stock valued at $37,000 after acquiring an additional 603 shares during the last quarter. Finally, Covestor Ltd increased its holdings in Frontdoor by 288.6% in the first quarter. Covestor Ltd now owns 1,154 shares of the company’s stock worth $38,000 after purchasing an additional 857 shares in the last quarter.

Frontdoor Trading Down 1.3 %

FTDR stock opened at $47.99 on Tuesday. Frontdoor, Inc. has a 12 month low of $28.25 and a 12 month high of $49.43. The company has a market capitalization of $3.73 billion, a PE ratio of 21.05 and a beta of 1.04. The firm’s 50-day moving average is $45.92 and its 200 day moving average is $38.04. The company has a debt-to-equity ratio of 2.66, a current ratio of 1.27 and a quick ratio of 1.27.

Frontdoor (NASDAQ:FTDR) last announced its quarterly earnings data on Thursday, August 1st. The company reported $1.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.00 by $0.27. Frontdoor had a return on equity of 132.94% and a net margin of 11.38%. The firm had revenue of $542.00 million during the quarter, compared to analysts’ expectations of $536.74 million. During the same period last year, the business posted $0.87 earnings per share. The company’s revenue for the quarter was up 3.6% compared to the same quarter last year. On average, research analysts anticipate that Frontdoor, Inc. will post 2.79 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on FTDR. Truist Financial lifted their target price on Frontdoor from $45.00 to $56.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. The Goldman Sachs Group boosted their price target on shares of Frontdoor from $33.00 to $41.00 and gave the company a “sell” rating in a research report on Friday, August 2nd. William Blair upgraded Frontdoor from a “market perform” rating to an “outperform” rating in a research report on Friday, August 2nd. Finally, JPMorgan Chase & Co. boosted their target price on Frontdoor from $45.00 to $55.00 and gave the company an “overweight” rating in a research note on Monday, August 12th. 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.com, Frontdoor currently has a consensus rating of “Hold” and an average price target of $47.75.

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.