Scientech Research LLC takes position in Frontdoor, Inc. (NASDAQ:FTDR)

Scientech Research LLC acquired a new stake in shares of Frontdoor, Inc. (NASDAQ:FTDR – Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 25,035 shares of the company’s stock, valued at approximately $846,000.

Other large investors have recently bought and sold shares of the company. GAMMA Investing LLC boosted its holdings in Frontdoor by 90.7% in the second quarter. GAMMA Investing LLC now owns 879 shares of the company’s stock worth $30,000 after acquiring an additional 418 shares during the last quarter. Isthmus Partners LLC boosted its stake in Frontdoor by 0.5% in the second quarter. Isthmus Partners LLC now owns 110,249 shares of the company’s stock worth $37,000 after acquiring an additional 603 shares during the last quarter. Covestor Ltd boosted its stake 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 acquiring an additional 857 shares during the last quarter. CM Bidwell & Associates Ltd. purchased a new stake in Frontdoor during the fourth quarter valued at about $71,000. Finally, nVerses Capital LLC purchased a new stake in Frontdoor in the second quarter valued at about $128,000.

Front door price performance

NASDAQ FTDR opened at $48.62 on Friday. The company has a market cap of $3.78 billion, a price-to-earnings ratio of 21.32 and a beta of 1.04. The company has a debt-to-equity ratio of 2.66, a current ratio of 1.27, and a quick ratio of 1.27. The stock’s fifty-day moving average price is $45.71 and its 200-day moving average price is $37.87. Frontdoor, Inc. has a one year low of $28.25 and a one year high of $49.43.

Frontdoor (NASDAQ:FTDR – Get Your Free Report ) last announced its quarterly earnings data on Thursday, August 1st. The company reported $1.27 earnings per share for the quarter, topping analysts’ consensus estimates of $1.00 by $0.27. Frontdoor had a return on equity of 132.94% and a net margin of 11.38%. The business had revenue of $542.00 million for the quarter, compared to analyst estimates of $536.74 million. In the same period last year, the company earned $0.87 per share. The company’s revenue rose 3.6% year-over-year. As a group, equities research analysts forecast that Frontdoor, Inc. will post 2.79 earnings per share for the current year.

The Wall Street analyst weighs in

FTDR has been the subject of several recent analyst reports. Truist Financial boosted their price target on Frontdoor from $45.00 to $56.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. JPMorgan Chase & Co. boosted their price target on Frontdoor from $45.00 to $55.00 and gave the company an “overweight” rating in a research report on Monday, August 12th. William Blair upgraded Frontdoor from a “market perform” rating to an “outperform” rating in a research note on Friday, August 2nd. Finally, Goldman Sachs Group boosted their price target on Frontdoor from $33.00 to $41.00 and gave the stock a “sell” rating in a research note on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $47.75, based on data from MarketBeat.

Check out the latest stock analysis on FTDR

Frontdoor Company Profile

(Free Report)

Frontdoor, Inc offers 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 appliances and systems. The company’s home warranty customers subscribe to an annual service plan agreement that covers the repair or replacement of major components of approximately 20 home systems and appliances, including electrical, plumbing, water heaters, refrigerators, dishwashers and stoves/ovens/cooktops as well as electronics, pools and spas and pumps; and heating, ventilation and air conditioning systems.

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