Frontdoor, Inc. (NASDAQ:FTDR) Short Interest Update

Frontdoor, Inc. (NASDAQ:FTDR) was the recipient of a large decline in short interest in the month of March. As of March 31st, there was short interest totalling 2,950,000 shares, a decline of 10.3% from the March 15th total of 3,290,000 shares. Currently, 3.8% of the shares of the company are sold short. Based on an average daily volume of 749,400 shares, the short-interest ratio is currently 3.9 days.

Wall Street Analysts Forecast Growth

Separately, Wells Fargo & Company reduced their target price on shares of Frontdoor from $40.00 to $36.00 and set an “equal weight” rating for the company in a research note on Friday, March 1st. One research analyst has rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company. According to MarketBeat, Frontdoor presently has an average rating of “Hold” and a consensus target price of $39.40.

Institutional Trading of Frontdoor

A number of institutional investors have recently made changes to their positions in FTDR. US Bancorp DE lifted its stake in Frontdoor by 240.7% during the fourth quarter. US Bancorp DE now owns 920 shares of the company’s stock valued at $32,000 after purchasing an additional 650 shares during the last quarter. Virtus Fund Advisers LLC acquired a new stake in Frontdoor during the fourth quarter valued at approximately $33,000. Quarry LP lifted its stake in Frontdoor by 340.9% during the first quarter. Quarry LP now owns 1,067 shares of the company’s stock valued at $30,000 after purchasing an additional 825 shares during the last quarter. Parkside Financial Bank & Trust lifted its stake in Frontdoor by 9,892.9% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,399 shares of the company’s stock valued at $49,000 after purchasing an additional 1,385 shares during the last quarter. Finally, Financial Management Professionals Inc. acquired a new stake in Frontdoor during the fourth quarter valued at approximately $49,000.

Frontdoor Trading Down 0.4 %

Frontdoor stock opened at $30.32 on Monday. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 4.24. The firm has a 50-day moving average price of $31.78 and a two-hundred day moving average price of $32.72. The firm has a market capitalization of $2.36 billion, a price-to-earnings ratio of 14.30 and a beta of 0.89. Frontdoor has a 52-week low of $26.09 and a 52-week high of $38.97.

Frontdoor (NASDAQ:FTDR) last released its quarterly earnings results on Wednesday, February 28th. The company reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.18. The company had revenue of $366.00 million for the quarter, compared to the consensus estimate of $360.47 million. Frontdoor had a net margin of 9.66% and a return on equity of 142.80%. Frontdoor’s revenue was up 8.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.13 EPS. Sell-side analysts expect that Frontdoor will post 2.35 earnings per share for the current year.

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.