Frontdoor , Inc. (NASDAQ:FTDR), a $4.5 billion home service plan provider whose stock has surged over 67% in the past six months, recently saw a notable transaction from its Senior Vice President and Chief Operating Officer, Evan Iverson. According to InvestingPro data, the company maintains a GREAT financial health score and trades near its 52-week high of $60.42. According to a recent SEC filing, Iverson sold 16,000 shares of the company’s common stock on December 11, 2024. The shares were sold at an average price of $58.8434, resulting in a total transaction value of approximately $941,494.
The filing detailed that these shares were sold in multiple trades, with prices ranging from $58.75 to $59.00. After the sale, Iverson retains ownership of 4,955 shares of Frontdoor stock.
In other recent news, Frontdoor Inc. reported a robust third quarter, with a 3% increase in revenue to $540 million and a 40% rise in net income to $100 million. Truist Securities and Goldman Sachs have both updated their outlooks on Frontdoor, with Truist increasing its price target to $58 and retaining a Buy rating, while Goldman Sachs raised its price target to $46 but maintained a Sell rating. The company also completed a $400 million share repurchase program ahead of schedule and initiated a new one worth $650 million. Analysts from both firms have cited strong quarterly performance and the upcoming acquisition of 2-10 Home Buyers Warranty as key factors in their assessments. Despite a challenging real estate market, Frontdoor anticipates a full-year revenue of approximately $1.83 billion and an adjusted EBITDA of around $430 million.
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