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Frontdoor Inc. (FTDR) – Don’t Be So Quick to Call it Dead

Frontdoor Inc. (NASDAQ: FTDR) is 35.01% higher on its value in year-to-date trading and has touched a low of $28.25 and a high of $49.21 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The FTDR stock was last observed hovering at around $47.54 in the last trading session, with the day’s gains setting it 0.01%.

Currently trading at $47.55, the stock is 3.03% and 19.01% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.61 million and changing 0.02% at the moment leaves the stock 35.58% off its SMA200. FTDR registered 42.66% gain for a year compared to 6-month gain of 51.63%.

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The stock witnessed a 20.50% loss in the last 1 month and extending the period to 3 months gives it a 36.36%, and is 0.66% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.11% over the week and 3.30% over the month.

Frontdoor Inc. (FTDR) has around 1716 employees, a market worth around $3.64B and $1.81B in sales. Current P/E ratio is 18.35 and Fwd P/E is 16.04. Profit margin for the company is 11.33%. Distance from 52-week low is 68.29% and -3.37% from its 52-week high. The company has generated returns on investments over the last 12 months (25.50%).

The EPS is expected to grow by 21.91% this year

412.0 institutions hold shares in Frontdoor Inc. (FTDR), with institutional investors hold 107.09% of the company’s shares. The shares outstanding are 78.38M, and float is at 76.18M with Short Float at 3.60%. Institutions hold 106.64% of the Float.

The top institutional shareholder in the company is BLACKROCK INC. with over 13.85 million shares valued at $468.15 million. The investor’s holdings represent 17.6942 of the FTDR Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 9.76 million shares valued at $329.7 million to account for 12.4614 of the shares outstanding. The other top investors are BOSTON PARTNERS which holds 6.13 million shares representing 7.8269 and valued at over $207.26 million, while STATE STREET CORP holds 5.2126 of the shares totaling 4.08 million with a market value of $137.91 million.

Frontdoor Inc. (FTDR) Insider Activity

The most recent transaction is an insider sale by Brim Chastitie, the company’s VP, Controller & CAO. SEC filings show that Brim Chastitie sold 8,650 shares of the company’s common stock on Aug 14 ’24 at a price of $46.25 per share for a total of $0.4 million. Following the sale, the insider now owns 11541.0 shares.

Still, SEC filings show that on Aug 07 ’24, Fiarman Jeffrey (SVP, CLO & Secretary) disposed off 11,500 shares at an average price of $44.81 for $0.52 million. The insider now directly holds 15,802 shares of Frontdoor Inc. (FTDR).

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