Insider Selling: Frontdoor (NASDAQ:FTDR) CEO Sells 96,418 Shares of Company Stock

Frontdoor Inc. (NASDAQ:FTDR) CEO William Cobb sold 96,418 shares of Frontdoor stock in a transaction on Thursday, November 12th. The shares were sold at an average price of $96.69, for a total transaction of $9,322,656.42. Following the completion of the transaction, the chief executive officer owned 184,335 shares in the company, valued at approximately $17,823,351.15. This represents a 34.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Frontdoor Stock Performance

Shares of NASDAQ:FTDR traded up $1.16 on Friday, reaching $96.58. The company’s stock had a trading volume of 533,036 shares, compared to its average volume of 621,814. Frontdoor Inc. has a 52-week low of $48.90 and a 52-week high of $103.07. The stock has a market capitalization of $6.53 billion, a P/E ratio of 24.15 and a beta of 1.60. The stock’s 50-day moving average is $82.27 and its two-hundred day moving average is $70.93. The company has a debt-to-equity ratio of 3.57, a current ratio of 1.75 and a quick ratio of 1.75.

Frontdoor (NASDAQ:FTDR) last released its quarterly earnings results on Thursday, November 5th. The company reported $1.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.77 by $0.04. The firm had revenue of $655.00 million for the quarter, compared to analyst estimates of $647.73 million. Frontdoor had a return on equity of 124.74% and a net margin of 12.96%. The business’s revenue was up 6.0% on a year-over-year basis. During the same quarter last year, the company posted $1.58 earnings per share. As a group, sell-side analysts forecast that Frontdoor Inc. will post 4.77 EPS for the current year.

Hedge Funds Weigh In On Frontdoor

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Voya Investment Management LLC grew its stake in Frontdoor by 0.3% during the 3rd quarter. Voya Investment Management LLC now owns 43,290 shares of the company’s stock worth $3,165,000 after buying an additional 116 shares during the last quarter. Hantz Financial Services Inc. lifted its stake in Frontdoor by 18.5% in the third quarter. Hantz Financial Services Inc. now owns 833 shares of the company’s stock valued at $61,000 after buying an additional 130 shares during the last quarter. Abel Hall LLC lifted its stake in Frontdoor by 6.0% in the third quarter. Abel Hall LLC now owns 3,025 shares of the company’s stock valued at $221,000 after buying an additional 170 shares during the last quarter. State of Wyoming boosted its holdings in shares of Frontdoor by 2.5% during the first quarter. State of Wyoming now owns 7,140 shares of the company’s stock valued at $377,000 after acquiring an additional 177 shares during the period. Finally, Handelsbanken Fonder AB boosted its holdings in shares of Frontdoor by 0.8% during the second quarter. Handelsbanken Fonder AB now owns 25,900 shares of the company’s stock valued at $2,010,000 after acquiring an additional 200 shares during the period.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. The Goldman Sachs Group upped their price target on Frontdoor from $81.00 to $93.00 and gave the stock a “neutral” rating in a research note on Monday. Wolfe Research upgraded shares of Frontdoor to an “outperform” rating in a research report on Monday, August 24th. Oppenheimer boosted their price objective on shares of Frontdoor from $70.00 to $100.00 and gave the company an “outperform” rating in a research note on Friday, August 7th. Benchmark upped their price objective on shares of Frontdoor from $80.00 to $96.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Finally, Weiss Ratings upgraded shares of Frontdoor from a “hold (c+)” rating to a “buy (b)” rating in a research note on Wednesday, October 21st. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $99.80.

About Frontdoor

Frontdoor, Inc. provides home service plans and repair solutions in the United States. Its plans help homeowners manage the cost of repairing or replacing covered home systems and appliances, such as heating and cooling equipment, plumbing, and kitchen appliances. The company serves customers through brands including American Home Shield, HSA Home Warranty, and OneGuard Home Warranties. It also connects customers with a network of independent service contractors and offers digital tools and support to help arrange home repairs.