Frontdoor, Inc. (NASDAQ:FTDR) Shares Sold by Counterpoint Mutual Funds LLC

Counterpoint Mutual Funds LLC lessened its holdings in Frontdoor, Inc. (NASDAQ:FTDR) by 63.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,652 shares of the company’s stock after selling 13,404 shares during the period. Counterpoint Mutual Funds LLC’s holdings in Frontdoor were worth $418,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. USA Financial Formulas acquired a new position in shares of Frontdoor in the 4th quarter valued at $60,000. TD Private Client Wealth LLC acquired a new position in shares of Frontdoor in the 3rd quarter valued at $68,000. Blue Trust Inc. lifted its stake in shares of Frontdoor by 315.3% in the 4th quarter. Blue Trust Inc. now owns 1,632 shares of the company’s stock valued at $89,000 after purchasing an additional 1,239 shares during the last quarter. Nkcfo LLC acquired a new position in shares of Frontdoor in the 4th quarter valued at $96,000. Finally, GAMMA Investing LLC lifted its stake in shares of Frontdoor by 26.0% in the 4th quarter. GAMMA Investing LLC now owns 2,100 shares of the company’s stock valued at $115,000 after purchasing an additional 433 shares during the last quarter.

Frontdoor Price Performance

FTDR stock opened at $37.87 on Tuesday. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 2.16. The company has a market capitalization of $2.83 billion, a PE ratio of 12.54 and a beta of 1.18. Frontdoor, Inc. has a 12-month low of $29.41 and a 12-month high of $63.49. The business’s fifty day moving average price is $53.72 and its 200 day moving average price is $53.15.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on FTDR. Truist Financial upped their price target on Frontdoor from $58.00 to $67.00 and gave the company a “buy” rating in a research note on Friday, February 14th. The Goldman Sachs Group cut their price objective on Frontdoor from $46.00 to $40.00 and set a “sell” rating on the stock in a report on Monday, March 3rd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $50.25.

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.