Ifrah Financial Services Inc. Makes New $786,000 Investment in Frontdoor Inc. $FTDR

Ifrah Financial Services Inc. bought a new stake in Frontdoor Inc. (NASDAQ:FTDR) during the 3rd quarter, Holdings Channel reports. The institutional investor bought 10,756 shares of the company’s stock, valued at approximately $786,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of FTDR. GAMMA Investing LLC boosted its position in shares of Frontdoor by 7.7% during the 3rd quarter. GAMMA Investing LLC now owns 5,901 shares of the company’s stock worth $431,000 after acquiring an additional 420 shares in the last quarter. QRG Capital Management Inc. increased its holdings in shares of Frontdoor by 9.9% in the 2nd quarter. QRG Capital Management Inc. now owns 10,347 shares of the company’s stock valued at $803,000 after acquiring an additional 928 shares during the last quarter. Envestnet Portfolio Solutions Inc. increased its holdings in shares of Frontdoor by 8.0% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 14,017 shares of the company’s stock valued at $1,088,000 after acquiring an additional 1,044 shares during the last quarter. Nykredit A S purchased a new position in shares of Frontdoor in the 2nd quarter valued at about $332,000. Finally, Parkside Financial Bank & Trust raised its position in shares of Frontdoor by 29.0% during the 2nd quarter. Parkside Financial Bank & Trust now owns 2,271 shares of the company’s stock worth $176,000 after acquiring an additional 511 shares in the last quarter.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Oppenheimer boosted their target price on Frontdoor from $70.00 to $100.00 and gave the stock an “outperform” rating in a research note on Friday, August 7th. Benchmark upped their price target on Frontdoor from $80.00 to $96.00 and gave the company a “buy” rating in a report on Friday, August 7th. Truist Financial increased their price target on shares of Frontdoor from $82.00 to $105.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Weiss Ratings cut shares of Frontdoor from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, October 6th. Finally, JPMorgan Chase & Co. initiated coverage on shares of Frontdoor in a report on Monday, August 24th. They set a “neutral” rating and a $95.00 price objective on the stock. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, Frontdoor has an average rating of “Moderate Buy” and a consensus target price of $95.40.

Frontdoor Stock Performance

Shares of FTDR stock opened at $77.83 on Wednesday. The stock’s 50-day moving average is $80.37 and its two-hundred day moving average is $71.34. The firm has a market cap of $5.36 billion, a price-to-earnings ratio of 20.64 and a beta of 1.53. Frontdoor Inc. has a 1 year low of $48.47 and a 1 year high of $93.43. The company has a debt-to-equity ratio of 3.98, a quick ratio of 1.59 and a current ratio of 1.59.

Frontdoor (NASDAQ:FTDR) last posted its earnings results on Thursday, August 6th. The company reported $1.93 EPS for the quarter, topping analysts’ consensus estimates of $1.76 by $0.17. Frontdoor had a return on equity of 120.90% and a net margin of 12.72%. The business had revenue of $645.00 million for the quarter, compared to analysts’ expectations of $643.40 million. During the same quarter in the previous year, the firm earned $1.63 earnings per share. The business’s revenue was up 4.5% compared to the same quarter last year. Analysts predict that Frontdoor Inc. will post 4.67 earnings per share for the current year.

About Frontdoor

Frontdoor, Inc (NASDAQ: FTDR) is a provider of home warranty and home services in the United States. The company helps homeowners manage the cost and inconvenience of repairing or replacing covered home systems and appliances by connecting them with qualified service professionals.

Frontdoor’s portfolio includes American Home Shield, a major home warranty brand, along with 2-10 Home Buyers Warranty, HSA Home Warranty and Landmark Home Warranty. Its services generally cover items such as heating and cooling systems, electrical and plumbing systems, kitchen appliances and other household equipment, subject to the terms of individual contracts.

In addition to warranty plans, Frontdoor operates home services offerings that support homeowners, real estate professionals, contractors and service providers.