Frontdoor Inc. $FTDR Shares Sold by Royal Bank of Canada

Royal Bank of Canada decreased its position in Frontdoor Inc. (NASDAQ:FTDR) by 44.3% during the first quarter, Holdings Channel reports. The firm owned 41,400 shares of the company’s stock after selling 32,869 shares during the quarter. Royal Bank of Canada’s holdings in Frontdoor were worth $2,189,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in FTDR. State of Wyoming boosted its position in shares of Frontdoor by 2.5% during the first quarter. State of Wyoming now owns 7,140 shares of the company’s stock worth $377,000 after buying an additional 177 shares during the period. ProShare Advisors LLC raised its holdings in shares of Frontdoor by 1.7% in the 4th quarter. ProShare Advisors LLC now owns 14,232 shares of the company’s stock valued at $821,000 after buying an additional 236 shares during the period. Snowden Capital Advisors LLC lifted its stake in Frontdoor by 4.1% during the 2nd quarter. Snowden Capital Advisors LLC now owns 6,407 shares of the company’s stock worth $378,000 after acquiring an additional 250 shares in the last quarter. Bank of Montreal Can lifted its stake in Frontdoor by 5.0% during the 4th quarter. Bank of Montreal Can now owns 5,296 shares of the company’s stock worth $306,000 after acquiring an additional 254 shares in the last quarter. Finally, Huntington National Bank boosted its holdings in Frontdoor by 18.8% during the 4th quarter. Huntington National Bank now owns 1,723 shares of the company’s stock valued at $99,000 after acquiring an additional 273 shares during the period.

Frontdoor Trading Down 3.1%

NASDAQ:FTDR opened at $83.75 on Tuesday. Frontdoor Inc. has a 12-month low of $48.47 and a 12-month high of $93.43. The firm has a market cap of $5.77 billion, a PE ratio of 22.21 and a beta of 1.47. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 3.98. The stock has a fifty day moving average price of $75.65 and a 200 day moving average price of $65.84.

Frontdoor (NASDAQ:FTDR) last issued its quarterly earnings results on Thursday, August 6th. The company reported $1.93 earnings per share for the quarter, topping the consensus estimate of $1.76 by $0.17. The company had revenue of $645.00 million for the quarter, compared to the consensus estimate of $643.40 million. Frontdoor had a return on equity of 120.90% and a net margin of 12.72%.Frontdoor’s revenue was up 4.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.63 EPS. Sell-side analysts anticipate that Frontdoor Inc. will post 4.66 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have weighed in on FTDR. Benchmark lifted their target price on Frontdoor from $80.00 to $96.00 and gave the company a “buy” rating in a research report on Friday, August 7th. Oppenheimer increased their price target on shares of Frontdoor from $70.00 to $100.00 and gave the stock an “outperform” rating in a research report on Friday, August 7th. Weiss Ratings lowered shares of Frontdoor from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, May 21st. Truist Financial lifted their price objective on shares of Frontdoor from $82.00 to $105.00 and gave the company a “buy” rating in a report on Friday, August 7th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating on shares of Frontdoor in a research note on Friday, August 7th. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Frontdoor presently has an average rating of “Moderate Buy” and an average target price of $92.00.

Frontdoor Company Profile

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.