Truist Financial Issues Positive Forecast for Frontdoor (NASDAQ:FTDR) Stock Price

Frontdoor (NASDAQ:FTDR) had its target price upped by Truist Financial from $58.00 to $67.00 in a research report report published on Friday,Benzinga reports. They currently have a buy rating on the stock.

Separately, The Goldman Sachs Group lifted their target price on shares of Frontdoor from $41.00 to $46.00 and gave the stock a “sell” rating in a research note on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $51.75.

Frontdoor Stock Up 1.0 %

FTDR stock opened at $59.46 on Friday. The stock has a market capitalization of $4.51 billion, a P/E ratio of 19.69 and a beta of 1.08. The company has a debt-to-equity ratio of 2.16, a quick ratio of 1.42 and a current ratio of 1.42. Frontdoor has a one year low of $29.41 and a one year high of $63.49. The company has a 50 day moving average price of $57.64 and a two-hundred day moving average price of $52.83.

Insider Activity

In related news, COO Evan Iverson sold 16,000 shares of the company’s stock in a transaction 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 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Kathryn M. Collins sold 25,784 shares of the company’s stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $58.06, for a total transaction of $1,497,019.04. Following the sale, the senior vice president now directly owns 9,429 shares of the company’s stock, valued at approximately $547,447.74. This trade represents a 73.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.29% of the company’s stock.

Institutional Trading of Frontdoor

A number of institutional investors have recently added to or reduced their stakes in FTDR. TD Private Client Wealth LLC lifted its holdings in Frontdoor by 12.9% in the 4th quarter. TD Private Client Wealth LLC now owns 1,597 shares of the company’s stock worth $87,000 after buying an additional 183 shares in the last quarter. Willis Investment Counsel lifted its holdings in Frontdoor by 0.4% in the 4th quarter. Willis Investment Counsel now owns 46,753 shares of the company’s stock worth $2,556,000 after buying an additional 185 shares in the last quarter. Parkside Financial Bank & Trust lifted its holdings in Frontdoor by 8.3% in the 4th quarter. Parkside Financial Bank & Trust now owns 2,880 shares of the company’s stock worth $157,000 after buying an additional 221 shares in the last quarter. Mariner LLC lifted its holdings in Frontdoor by 4.0% in the 4th quarter. Mariner LLC now owns 7,311 shares of the company’s stock worth $400,000 after buying an additional 284 shares in the last quarter. Finally, Atria Investments Inc lifted its holdings in Frontdoor by 4.9% in the 4th quarter. Atria Investments Inc now owns 6,894 shares of the company’s stock worth $377,000 after buying an additional 325 shares in 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.