Senvest Management LLC Has $20.90 Million Position in Frontdoor Inc (NASDAQ:FTDR)

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Senvest Management LLC increased its position in Frontdoor Inc (NASDAQ:FTDR) by 9.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 480,000 shares of the company’s stock after buying an additional 40,000 shares during the quarter. Frontdoor accounts for approximately 1.8% of Senvest Management LLC’s investment portfolio, making the stock its 15th largest position. Senvest Management LLC owned approximately 0.57% of Frontdoor worth $20,904,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Synovus Financial Corp acquired a new position in shares of Frontdoor in the first quarter valued at approximately $29,000. Quantamental Technologies LLC acquired a new position in shares of Frontdoor in the second quarter valued at approximately $74,000. Aperio Group LLC acquired a new position in shares of Frontdoor in the second quarter valued at approximately $78,000. US Bancorp DE increased its stake in shares of Frontdoor by 137.5% in the second quarter. US Bancorp DE now owns 1,957 shares of the company’s stock valued at $85,000 after buying an additional 1,133 shares during the period. Finally, Huntington National Bank acquired a new position in shares of Frontdoor in the second quarter valued at approximately $99,000. 94.76% of the stock is owned by institutional investors.

Several research firms have recently issued reports on FTDR. Oppenheimer upped their price objective on Frontdoor from $40.00 to $50.00 and gave the company an “outperform” rating in a research note on Thursday, August 8th. Zacks Investment Research raised Frontdoor from a “hold” rating to a “strong-buy” rating and set a $58.00 price objective for the company in a research note on Saturday, August 10th. Guggenheim upped their price objective on Frontdoor from $43.00 to $55.00 and gave the company a “buy” rating in a research note on Monday, August 19th. SunTrust Banks set a $50.00 target price on shares of Frontdoor and gave the company a “buy” rating in a research report on Wednesday, August 7th. Finally, Raymond James increased their target price on shares of Frontdoor from $45.00 to $48.00 and gave the company an “outperform” rating in a research report on Wednesday, June 26th. Four analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $47.30.

NASDAQ:FTDR traded up $0.17 on Friday, reaching $51.45. 374,600 shares of the stock traded hands, compared to its average volume of 476,958. The firm has a market capitalization of $4.34 billion and a price-to-earnings ratio of 28.18. The company’s 50 day moving average is $49.23 and its 200-day moving average is $41.19. Frontdoor Inc has a 1-year low of $20.66 and a 1-year high of $53.29.

Frontdoor (NASDAQ:FTDR) last released its earnings results on Wednesday, August 7th. The company reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.23. The business had revenue of $388.00 million during the quarter, compared to the consensus estimate of $387.49 million. Frontdoor had a net margin of 10.57% and a negative return on equity of 44.16%. The company’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.62 EPS. On average, sell-side analysts predict that Frontdoor Inc will post 1.84 earnings per share for the current fiscal year.

Frontdoor Company Profile

frontdoor, inc. provides home service plans in the United States. The company's home service plans cover the repair or replacement of components of up to 21 household systems and appliances, including electrical, plumbing, water heaters, refrigerators, dishwashers, and ranges/ovens/cooktops, as well as central heating, ventilation and air conditioning systems.

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Institutional Ownership by Quarter for Frontdoor (NASDAQ:FTDR)

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