Azzad Asset Management Inc. ADV Invests $580,000 in Frontdoor Inc. $FTDR

Azzad Asset Management Inc. ADV purchased a new position in shares of Frontdoor Inc. (NASDAQ:FTDR) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 10,971 shares of the company’s stock, valued at approximately $580,000.

A number of other institutional investors have also recently bought and sold shares of FTDR. Park Avenue Securities LLC boosted its position in shares of Frontdoor by 4.0% in the 4th quarter. Park Avenue Securities LLC now owns 5,107 shares of the company’s stock worth $295,000 after purchasing an additional 198 shares during the last quarter. Nisa Investment Advisors LLC lifted its stake in Frontdoor by 11.7% in the fourth quarter. Nisa Investment Advisors LLC now owns 2,065 shares of the company’s stock valued at $119,000 after buying an additional 217 shares during the period. Optivise Advisory Services LLC lifted its stake in Frontdoor by 6.9% in the fourth quarter. Optivise Advisory Services LLC now owns 3,641 shares of the company’s stock valued at $210,000 after buying an additional 235 shares during the period. ProShare Advisors LLC boosted its holdings in Frontdoor by 1.7% during the fourth quarter. ProShare Advisors LLC now owns 14,232 shares of the company’s stock worth $821,000 after buying an additional 236 shares during the last quarter. Finally, Snowden Capital Advisors LLC grew its position in shares of Frontdoor by 4.1% during the 2nd quarter. Snowden Capital Advisors LLC now owns 6,407 shares of the company’s stock worth $378,000 after buying an additional 250 shares during the period.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Benchmark started coverage on Frontdoor in a research note on Thursday, March 26th. They issued a “buy” rating and a $80.00 price target for the company. Weiss Ratings lowered shares of Frontdoor from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, May 21st. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $72.00.

Frontdoor Trading Down 1.1%

NASDAQ:FTDR traded down $0.86 on Friday, reaching $75.31. The company’s stock had a trading volume of 403,983 shares, compared to its average volume of 730,464. Frontdoor Inc. has a 1-year low of $48.47 and a 1-year high of $80.73. The company has a debt-to-equity ratio of 4.95, a quick ratio of 1.47 and a current ratio of 1.47. The firm has a market cap of $5.29 billion, a PE ratio of 21.58 and a beta of 1.46. The business’s 50-day moving average price is $68.04 and its two-hundred day moving average price is $62.36.

Frontdoor (NASDAQ:FTDR) last issued its quarterly earnings data on Thursday, April 30th. The company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.07. The business had revenue of $451.00 million during the quarter, compared to analyst estimates of $442.28 million. Frontdoor had a return on equity of 118.62% and a net margin of 12.22%.Frontdoor’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.64 EPS. Equities research analysts anticipate that Frontdoor Inc. will post 4.48 earnings per share for the current fiscal year.

About Frontdoor

Frontdoor, Inc (NASDAQ:FTDR) is a leading provider of home service plans and repair solutions for residential property owners. The company offers contract-based coverage that helps homeowners manage the cost of repairing and replacing essential household systems and appliances, including heating and cooling, plumbing, electrical wiring, water heaters, washers, dryers, refrigerators and other major kitchen equipment.

Frontdoor delivers its services through a nationwide network of independent service professionals and contractors, leveraging a cloud-based platform and call center infrastructure to coordinate service visits and process claims.