Headlands Technologies LLC Invests $145,000 in Frontdoor, Inc. (NASDAQ:FTDR)

Headlands Technologies LLC bought a new position in shares of Frontdoor, Inc. (NASDAQ:FTDR) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 4,131 shares of the company’s stock, valued at approximately $145,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Financial Management Professionals Inc. purchased a new stake in Frontdoor in the 4th quarter valued at $49,000. Parkside Financial Bank & Trust boosted its stake in shares of Frontdoor by 9,892.9% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,399 shares of the company’s stock worth $49,000 after buying an additional 1,385 shares during the period. Acadian Asset Management LLC purchased a new position in shares of Frontdoor during the third quarter worth about $88,000. CI Investments Inc. purchased a new position in shares of Frontdoor during the third quarter worth about $150,000. Finally, Janney Montgomery Scott LLC acquired a new position in Frontdoor in the 3rd quarter valued at about $200,000.

Analyst Upgrades and Downgrades

Separately, Wells Fargo & Company decreased their price objective on Frontdoor from $40.00 to $36.00 and set an “equal weight” rating for the company in a research report on Friday, March 1st. One research analyst has rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Frontdoor presently has a consensus rating of “Hold” and a consensus price target of $39.40.

Frontdoor Trading Up 0.7 %

Shares of FTDR stock opened at $31.28 on Tuesday. The business’s fifty day moving average price is $31.30 and its 200 day moving average price is $32.73. The firm has a market capitalization of $2.44 billion, a PE ratio of 14.75 and a beta of 0.89. The company has a debt-to-equity ratio of 4.24, a current ratio of 1.10 and a quick ratio of 1.10. Frontdoor, Inc. has a 1-year low of $26.09 and a 1-year high of $38.97.

Frontdoor (NASDAQ:FTDR) last issued its earnings results on Wednesday, February 28th. The company reported $0.20 EPS for the quarter, topping the consensus estimate of $0.02 by $0.18. Frontdoor had a net margin of 9.66% and a return on equity of 142.80%. The company had revenue of $366.00 million for the quarter, compared to analyst estimates of $360.47 million. During the same period in the previous year, the firm earned $0.13 EPS. The business’s revenue was up 8.0% on a year-over-year basis. As a group, sell-side analysts forecast that Frontdoor, Inc. will post 2.36 EPS for the current fiscal year.

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.