Danske Bank A S Sells 54,760 Shares of Frontdoor Inc. $FTDR

Danske Bank A S decreased its holdings in Frontdoor Inc. (NASDAQ:FTDR) by 99.1% in the fourth quarter, Holdings Channel reports. The firm owned 500 shares of the company’s stock after selling 54,760 shares during the quarter. Danske Bank A S’s holdings in Frontdoor were worth $29,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Frontdoor by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 45,846 shares of the company’s stock valued at $1,761,000 after buying an additional 1,994 shares during the last quarter. Millennium Management LLC raised its position in Frontdoor by 533.0% in the 1st quarter. Millennium Management LLC now owns 307,497 shares of the company’s stock worth $11,814,000 after buying an additional 258,920 shares during the last quarter. Empowered Funds LLC lifted its stake in Frontdoor by 10.5% during the 1st quarter. Empowered Funds LLC now owns 11,008 shares of the company’s stock valued at $423,000 after acquiring an additional 1,044 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Frontdoor by 5.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 237,526 shares of the company’s stock valued at $9,126,000 after acquiring an additional 13,134 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of Frontdoor by 164.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 799 shares of the company’s stock valued at $47,000 after acquiring an additional 497 shares during the last quarter.

Frontdoor Price Performance

Shares of NASDAQ:FTDR opened at $64.62 on Friday. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 4.95. The stock has a market capitalization of $4.54 billion, a PE ratio of 18.52 and a beta of 1.55. The firm’s 50 day moving average price is $61.00 and its 200-day moving average price is $58.70. Frontdoor Inc. has a twelve month low of $48.47 and a twelve month high of $70.77.

Frontdoor (NASDAQ:FTDR) last announced its earnings results on Thursday, April 30th. The company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.07. Frontdoor had a net margin of 12.22% and a return on equity of 118.62%. The company had revenue of $451.00 million during the quarter, compared to analyst estimates of $442.28 million. During the same period in the previous year, the business posted $0.64 earnings per share. The firm’s quarterly revenue was up 5.9% compared to the same quarter last year. Equities research analysts expect that Frontdoor Inc. will post 4.48 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on FTDR shares. Truist Financial set a $71.00 price target on shares of Frontdoor in a research note on Monday, January 26th. Weiss Ratings upgraded shares of Frontdoor from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday. Benchmark started coverage on shares of Frontdoor in a research report on Thursday, March 26th. They issued a “buy” rating and a $80.00 target price for the company. The Goldman Sachs Group upgraded shares of Frontdoor from a “sell” rating to a “neutral” rating and boosted their target price for the company from $50.00 to $67.00 in a research note on Monday, March 2nd. Finally, Oppenheimer reissued an “outperform” rating and set a $70.00 price target on shares of Frontdoor in a report on Thursday, February 26th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $68.60.

About Frontdoor

Frontdoor, Inc (NASDAQ:FTDR) is a leading provider of home service plans and repair solutions for residential property owners. The company offers contract-based coverage that helps homeowners manage the cost of repairing and replacing essential household systems and appliances, including heating and cooling, plumbing, electrical wiring, water heaters, washers, dryers, refrigerators and other major kitchen equipment.

Frontdoor delivers its services through a nationwide network of independent service professionals and contractors, leveraging a cloud-based platform and call center infrastructure to coordinate service visits and process claims.