Frontdoor, Inc. (NASDAQ:FTDR) Shares Acquired by Meeder Asset Management Inc.

Meeder Asset Management Inc. increased its stake in shares of Frontdoor, Inc. (NASDAQ:FTDR) by 362.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,590 shares of the company’s stock after buying an additional 19,277 shares during the quarter. Meeder Asset Management Inc.’s holdings in Frontdoor were worth $1,180,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in shares of Frontdoor by 3.8% in the 1st quarter. Vanguard Group Inc. now owns 10,179,139 shares of the company’s stock worth $331,636,000 after acquiring an additional 373,091 shares during the period. Boston Partners raised its holdings in shares of Frontdoor by 8.9% during the first quarter. Boston Partners now owns 6,198,543 shares of the company’s stock valued at $201,662,000 after buying an additional 506,217 shares during the last quarter. Reinhart Partners LLC. raised its holdings in shares of Frontdoor by 1.8% during the second quarter. Reinhart Partners LLC. now owns 2,330,937 shares of the company’s stock valued at $78,762,000 after buying an additional 42,169 shares during the last quarter. Victory Capital Management Inc. boosted its position in shares of Frontdoor by 8.7% during the second quarter. Victory Capital Management Inc. now owns 2,176,056 shares of the company’s stock worth $73,529,000 after buying an additional 173,624 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in Frontdoor by 5.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,787,539 shares of the company’s stock worth $60,402,000 after buying an additional 89,301 shares in the last quarter.

Wall Street Analysts Forecast Growth

FTDR has been the subject of a number of analyst reports. The Goldman Sachs Group boosted their price target on Frontdoor from $41.00 to $46.00 and gave the stock a “sell” rating in a research report on Tuesday, November 5th. JPMorgan Chase & Co. increased their target price on shares of Frontdoor from $45.00 to $55.00 and gave the company an “overweight” rating in a research report on Monday, August 12th. William Blair raised shares of Frontdoor from a “market perform” rating to an “outperform” rating in a research note on Friday, August 2nd. Finally, Truist Financial upped their price target on shares of Frontdoor from $56.00 to $58.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $49.50.

Frontdoor Trading Down 0.3 %

Shares of FTDR stock opened at $54.10 on Wednesday. The stock has a 50-day simple moving average of $50.72 and a 200 day simple moving average of $43.23. The stock has a market capitalization of $4.10 billion, a P/E ratio of 17.91 and a beta of 1.03. Frontdoor, Inc. has a fifty-two week low of $29.41 and a fifty-two week high of $58.86. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 2.16.

Frontdoor (NASDAQ:FTDR) last posted its quarterly earnings data on Monday, November 4th. The company reported $1.38 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.33. Frontdoor had a net margin of 12.87% and a return on equity of 132.99%. The company had revenue of $540.00 million during the quarter, compared to analyst estimates of $541.88 million. During the same quarter last year, the firm posted $0.94 EPS. The business’s revenue for the quarter was up 3.1% on a year-over-year basis. On average, sell-side analysts expect that Frontdoor, Inc. will post 3.14 earnings per share for the current fiscal year.

Frontdoor Company Profile

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.