Frontdoor, Inc. (NASDAQ:FTDR) Shares Sold by Cwm LLC

Cwm LLC trimmed its holdings in Frontdoor, Inc. (NASDAQ:FTDR) by 16.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,003 shares of the company’s stock after selling 400 shares during the quarter. Cwm LLC’s holdings in Frontdoor were worth $71,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Financial Management Professionals Inc. purchased a new stake in shares of Frontdoor during the fourth quarter worth approximately $49,000. Acadian Asset Management LLC acquired a new stake in shares of Frontdoor in the 3rd quarter worth $88,000. CI Investments Inc. purchased a new stake in shares of Frontdoor in the third quarter valued at about $150,000. Janney Montgomery Scott LLC purchased a new stake in shares of Frontdoor in the third quarter valued at about $200,000. Finally, Pearl River Capital LLC acquired a new position in shares of Frontdoor during the third quarter worth about $203,000.

Frontdoor Stock Up 0.5 %

Frontdoor stock opened at $36.12 on Thursday. The firm has a market capitalization of $2.81 billion, a price-to-earnings ratio of 15.84 and a beta of 0.89. The company has a debt-to-equity ratio of 3.54, a quick ratio of 1.14 and a current ratio of 1.14. Frontdoor, Inc. has a fifty-two week low of $28.25 and a fifty-two week high of $38.97. The stock’s fifty day moving average is $31.48 and its two-hundred day moving average is $32.89.

Frontdoor (NASDAQ:FTDR) last issued its quarterly earnings data on Wednesday, February 28th. The company reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.18. Frontdoor had a net margin of 10.27% and a return on equity of 132.00%. The firm had revenue of $366.00 million for the quarter, compared to analysts’ expectations of $360.47 million. During the same period in the prior year, the company earned $0.13 EPS. The firm’s revenue was up 8.0% on a year-over-year basis. Analysts predict that Frontdoor, Inc. will post 2.39 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Wells Fargo & Company lifted their price target on Frontdoor from $36.00 to $39.00 and gave the company an “equal weight” rating in a research note on Monday. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $40.00.

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.