Blackhawk Capital Partners LLC. Makes New $1.19 Million Investment in Frontdoor, Inc. (NASDAQ:FTDR)

Blackhawk Capital Partners LLC. acquired a new position in Frontdoor, Inc. (NASDAQ:FTDR) in the 3rd quarter, HoldingsChannel reports. The firm acquired 24,749 shares of the company’s stock, valued at approximately $1,188,000.

Several other large investors have also bought and sold shares of the stock. Exchange Traded Concepts LLC purchased a new position in Frontdoor in the third quarter worth $27,000. V Square Quantitative Management LLC bought a new position in Frontdoor during the third quarter valued at $31,000. GAMMA Investing LLC increased its position in Frontdoor by 90.7% in the second quarter. GAMMA Investing LLC now owns 879 shares of the company’s stock worth $30,000 after buying an additional 418 shares during the last quarter. Quarry LP increased its holdings in Frontdoor by 468.1% in the 2nd quarter. Quarry LP now owns 1,085 shares of the company’s stock worth $37,000 after acquiring an additional 894 shares during the last quarter. Finally, Covestor Ltd raised its stake in Frontdoor by 288.6% in the 1st quarter. Covestor Ltd now owns 1,154 shares of the company’s stock valued at $38,000 after acquiring an additional 857 shares during the period.

Analyst Ratings Changes

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

Frontdoor Stock Up 4.1 %

FTDR stock opened at $56.32 on Thursday. Frontdoor, Inc. has a 1-year low of $29.41 and a 1-year high of $58.86. The stock has a market cap of $4.27 billion, a price-to-earnings ratio of 18.65 and a beta of 1.03. 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’s 50 day moving average is $50.90 and its 200 day moving average is $43.32.

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 firm had revenue of $540.00 million for the quarter, compared to analysts’ expectations of $541.88 million. During the same quarter last year, the company posted $0.94 EPS. The business’s quarterly revenue was up 3.1% on a year-over-year basis. Sell-side analysts predict that Frontdoor, Inc. will post 3.14 EPS for the current fiscal year.

About Frontdoor

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.