Eventide Asset Management LLC Purchases New Holdings in Frontdoor Inc. $FTDR

by · The Markets Daily

Eventide Asset Management LLC acquired a new position in shares of Frontdoor Inc. (NASDAQ:FTDR – Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 483,677 shares of the company’s stock, valued at approximately $28,506,000. Eventide Asset Management LLC owned approximately 0.66% of Frontdoor as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Bessemer Group Inc. boosted its holdings in Frontdoor by 322.1% in the second quarter. Bessemer Group Inc. now owns 515 shares of the company’s stock valued at $30,000 after acquiring an additional 393 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in Frontdoor during the 1st quarter worth about $42,000. EverSource Wealth Advisors LLC lifted its position in 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 purchasing an additional 497 shares during the period. Elevation Point Wealth Partners LLC bought a new position in shares of Frontdoor in the 2nd quarter valued at about $72,000. Finally, Huntington National Bank grew its position in shares of Frontdoor by 56.0% during the 2nd quarter. Huntington National Bank now owns 1,482 shares of the company’s stock worth $87,000 after buying an additional 532 shares during the period.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Wall Street Zen lowered shares of Frontdoor from a “buy” rating to a “hold” rating in a report on Monday, November 24th. Weiss Ratings reissued a “hold (c+)” rating on shares of Frontdoor in a research note on Monday. Finally, Zacks Research lowered Frontdoor from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 10th. Two research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $59.75.

View Our Latest Stock Analysis on Frontdoor

Frontdoor Trading Down 0.3%

FTDR opened at $54.71 on Friday. The firm’s fifty day moving average is $58.52 and its two-hundred day moving average is $59.55. The firm has a market cap of $3.95 billion, a PE ratio of 15.59 and a beta of 1.32. Frontdoor Inc. has a twelve month low of $35.61 and a twelve month high of $70.14. The company has a debt-to-equity ratio of 3.64, a quick ratio of 1.73 and a current ratio of 1.73.

Frontdoor (NASDAQ:FTDR – Get Free Report) last announced its quarterly earnings results on Wednesday, November 5th. The company reported $1.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.49 by $0.09. The company had revenue of $618.00 million during the quarter, compared to analyst estimates of $610.77 million. Frontdoor had a net margin of 12.87% and a return on equity of 122.74%. The firm’s revenue was up 14.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.38 EPS. Equities research analysts anticipate that Frontdoor Inc. will post 3.07 EPS for the current year.

Frontdoor Profile

(Free Report)

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.

See Also

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