Frontdoor (NASDAQ:FTDR) CEO William Cobb Sells 73,113 Shares of Stock

Frontdoor Inc. (NASDAQ:FTDR) CEO William Cobb sold 73,113 shares of the business’s stock in a transaction that occurred on Tuesday, November 10th. The shares were sold at an average price of $99.17, for a total value of $7,250,616.21. Following the transaction, the chief executive officer owned 184,335 shares of the company’s stock, valued at $18,280,501.95. This represents a 28.40% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Frontdoor Stock Performance

FTDR traded up $1.22 during trading on Friday, reaching $96.64. 533,036 shares of the company were exchanged, compared to its average volume of 824,462. The stock has a market cap of $6.53 billion, a P/E ratio of 24.16 and a beta of 1.60. The firm has a 50 day moving average of $82.54 and a 200 day moving average of $71.12. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 3.57. Frontdoor Inc. has a 52 week low of $48.90 and a 52 week high of $103.07.

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

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. The Goldman Sachs Group upped their price target on shares of Frontdoor from $81.00 to $93.00 and gave the stock a “neutral” rating in a research report on Monday, November 9th. Truist Financial lifted their price objective on shares of Frontdoor from $105.00 to $115.00 and gave the company a “buy” rating in a research report on Friday, November 6th. JPMorgan Chase & Co. initiated coverage on shares of Frontdoor in a research note on Monday, August 24th. They set a “neutral” rating and a $95.00 target price for the company. Wolfe Research upgraded shares of Frontdoor to an “outperform” rating in a research report on Monday, August 24th. Finally, Benchmark upped their target price 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. Five analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Frontdoor has a consensus rating of “Moderate Buy” and a consensus price target of $99.80.

Institutional Trading of Frontdoor

Several large investors have recently added to or reduced their stakes in FTDR. Keating Financial Advisory Services Inc. acquired a new position in Frontdoor during the 2nd quarter worth $25,000. Meeder Asset Management Inc. bought a new position in shares of Frontdoor in the third quarter worth $27,000. Public Employees Retirement System of Ohio acquired a new position in shares of Frontdoor during the second quarter valued at $58,000. Hantz Financial Services Inc. increased its holdings in shares of Frontdoor by 18.5% during the third quarter. Hantz Financial Services Inc. now owns 833 shares of the company’s stock valued at $61,000 after purchasing an additional 130 shares during the period. Finally, Parallel Advisors LLC increased its holdings in shares of Frontdoor by 233.3% during the third quarter. Parallel Advisors LLC now owns 890 shares of the company’s stock valued at $65,000 after purchasing an additional 623 shares during the period.

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.