New insider activity at frontdoor ( (FTDR) ) has taken place on March 6, 2025.
CAO Darrin Steve Boland has made a significant investment by purchasing 5,000 shares of frontdoor stock, valued at $213,750. This move reflects a strong vote of confidence in the company’s future prospects.
Recent Updates on FTDR stock
Frontdoor has recently experienced significant developments, including a notable increase in its stock price, which surged by 137% from $24.15 in June 2022 to $57.17. This rise reflects strong market confidence in the company’s strategic direction and financial performance. The company reported record financial results for 2024, with a 4% increase in revenue to $1.84 billion and a 37% rise in net income to $235 million. These results were driven by strategic initiatives, including the acquisition of 2-10 Home Buyers Warranty, which contributed to a 6% increase in home warranties. Frontdoor’s Q4 earnings call highlighted a mix of optimism and challenges, with the company navigating macroeconomic uncertainties such as inflation and a challenging real estate market. Despite these challenges, Frontdoor’s strong financial performance and strategic initiatives, including the expansion of non-warranty services and process improvements, have led to positive outlooks and price target adjustments by analysts. The company’s management remains optimistic about long-term growth, focusing on enhancing shareholder value through strategic investments and operational improvements.
More about frontdoor
YTD Price Performance: -23.27%
Average Trading Volume: 718,413
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $3.14B