QRG Capital Management Inc. Boosts Position in Frontdoor Inc. $FTDR

QRG Capital Management Inc. boosted its position in shares of Frontdoor Inc. (NASDAQ:FTDR) by 8.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 8,870 shares of the company’s stock after purchasing an additional 702 shares during the quarter. QRG Capital Management Inc.’s holdings in Frontdoor were worth $523,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Frontdoor in the first quarter valued at $42,000. IFP Advisors Inc lifted its position in shares of Frontdoor by 80,766.7% in the first quarter. IFP Advisors Inc now owns 2,426 shares of the company’s stock valued at $93,000 after acquiring an additional 2,423 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Frontdoor by 16.5% in the first quarter. GAMMA Investing LLC now owns 2,447 shares of the company’s stock valued at $94,000 after acquiring an additional 347 shares in the last quarter. CWM LLC lifted its position in shares of Frontdoor by 91.2% in the first quarter. CWM LLC now owns 2,574 shares of the company’s stock valued at $99,000 after acquiring an additional 1,228 shares in the last quarter. Finally, Blue Trust Inc. lifted its position in shares of Frontdoor by 70.3% in the first quarter. Blue Trust Inc. now owns 2,780 shares of the company’s stock valued at $107,000 after acquiring an additional 1,148 shares in the last quarter.

Analysts Set New Price Targets

Several research firms recently commented on FTDR. Weiss Ratings lowered Frontdoor from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday. The Goldman Sachs Group upped their price target on Frontdoor from $44.00 to $50.00 and gave the stock a “sell” rating in a research note on Wednesday, August 6th. Zacks Research upgraded Frontdoor from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 27th. Truist Financial upped their price target on Frontdoor from $67.00 to $71.00 and gave the stock a “buy” rating in a research note on Wednesday, August 6th. Finally, Oppenheimer upped their target price on Frontdoor from $56.00 to $63.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $59.75.

Frontdoor Stock Down 1.2%

Shares of Frontdoor stock opened at $64.53 on Friday. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 4.56. The business’s 50 day simple moving average is $62.94 and its 200-day simple moving average is $55.45. The stock has a market capitalization of $4.70 billion, a price-to-earnings ratio of 19.04 and a beta of 1.33. Frontdoor Inc. has a twelve month low of $35.61 and a twelve month high of $69.36.

Frontdoor (NASDAQ:FTDR) last posted its earnings results on Tuesday, August 5th. The company reported $1.63 EPS for the quarter, beating the consensus estimate of $1.44 by $0.19. Frontdoor had a return on equity of 125.21% and a net margin of 13.07%.The firm had revenue of $617.00 million for the quarter, compared to analysts’ expectations of $602.62 million. During the same period last year, the firm earned $1.27 EPS. The firm’s revenue was up 13.8% compared to the same quarter last year. Frontdoor has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. Equities research analysts forecast that Frontdoor Inc. will post 3.07 earnings per share for the current year.

Insider Activity

In other news, SVP Jeffrey Fiarman sold 129,673 shares of Frontdoor stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $56.15, for a total transaction of $7,281,138.95. Following the transaction, the senior vice president directly owned 34,646 shares in the company, valued at approximately $1,945,372.90. This trade represents a 78.92% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.48% of the company’s stock.

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.