Sunday, June 26, 2022

Investing in Frontdoor Inc. (FTDR): What You Must Know

Frontdoor Inc.’s recently made public that its Director Catalano Anna C acquired Company’s shares for reported $100000.0 on May 25. In the deal valued at $25.00 per share,4,000 shares were bought. As a result of this transaction, Catalano Anna C now holds 20,595 shares worth roughly $ 0.44 million.


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Then, Cella Peter L. bought 5,000 shares, generating $122,650 in total proceeds. Upon buying the shares at $24.53, the Director now owns 30,000 shares.

Before that, COBB WILLIAM C bought 10,000 shares. Frontdoor Inc. shares valued at $255,100 were divested by the Director at a price of $25.51 per share. As a result of the transaction, COBB WILLIAM C now holds 10,000 shares, worth roughly $0.21 million.

Taking this into account, Goldman downgraded its Frontdoor Inc. [FTDR] rating to a Sell from a a Neutral in a research note published on Tuesday, June 10, 2022; the price target was decreased to $21 from $27. PT values the company’s stock at a premium of -1.76 to its Tuesday closing price. A number of analysts have revised their coverage, including Truist’s analysts, who decreased its forecast for the stock in late May from “a Buy” to “a Hold”. JP Morgan revised its rating on October 29, 2021. It rated FTDR as “a Neutral” which previously was an “an Overweight”.

Price Performance Review of FTDR

On Tuesday, Frontdoor Inc. [NASDAQ:FTDR] saw its stock jump 2.59% to $21.37. On the same session, the stock had its day’s lowest price of $20.72, but rose to a high of $21.6772. Over the last five days, the stock has gained 3.04%. Frontdoor Inc. shares have fallen nearly -41.69% since the year began. Nevertheless, the stocks have fallen -57.55% over the past one year. While a 52-week high of $51.36 was reached on 01/05/22, a 52-week low of $20.30 was recorded on 06/16/22. SMA at 50 days reached $27.28, while 200 days put it at $34.26. A total of 0.97 million shares were traded, compared to the trading of 1.0 million shares in the previous session.

Levels Of Support And Resistance For FTDR Stock

The 24-hour chart illustrates a support level at 20.83, which if violated will result in even more drops to 20.30. On the upside, there is a resistance level at 21.79. A further resistance level may holdings at 22.21. The Relative Strength Index (RSI) on the 14-day chart is 32.55, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.81, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 79.38%. Stochastics %K at 13.04% indicates the stock is a buying.

How much short interest is there in Frontdoor Inc.?

A steep rise in short interest was recorded in Frontdoor Inc. stocks on Apr 28, 2022, growing by 1.28 million shares to a total of 5.17 million shares. Yahoo Finance data shows the prior-month short interest on Mar 30, 2022 was 3.89 million shares. There was a rise of 24.76%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 7.91% of the overall stock float, the days-to-cover ratio (short ratio) rose to 6.93.

Frontdoor Inc. [FTDR] – Who Are The Largest Shareholders?

In filings from Fidelity Management & Research Co, it is revealed that the company now owns 10,463,694 shares, or roughly 12.72% of the outstanding FTDR shares. In other words, the investor’s shares have risen by 9,834,904 from its previous 13-F filing of 628790.0. Additionally, ArrowMark Colorado Holdings LLC increased 33.35% of its stake after which the total value it holdings stand at $236,191,147, while The Vanguard Group, Inc. reduced -0.31% of its stake to hold $205.62 million in the firm. Over the last quarter, Janus Henderson Investors US LLC sold -952,090 shares of Frontdoor Inc., while Mackenzie Financial Corp. sold -15,032 shares. At present, Impactive Capital LP is holding 3,943,574 shares valued at $97.56 million. Capital Research & Management Co owned 3,244,073 shares of the company at the time of its most recent 13F filing, worth $80.26 million.

According to FactSet, Frontdoor Inc.’s share price will average $29.33 in the next year, based on opinions of analysts polled by the firm. This is up nearly 44.02 percent from its previous closing price of $20.83. Analysts expect Frontdoor Inc. stock to reach the higher price of $34.00, while the lowest price estimate is $21.00. However, 8 analysts have rated FTDR stock as a Hold in their predictions for 2022. The most recent change occurred on September 15, 2020 when KeyBanc Capital Markets began covering the stock and recommended ‘”a Sector weight”‘ rating.

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