10,971 Shares in Frontdoor Inc. $FTDR Acquired by Azzad Asset Management Inc. ADV

Azzad Asset Management Inc. ADV purchased a new stake in Frontdoor Inc. (NASDAQ:FTDR) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 10,971 shares of the company’s stock, valued at approximately $580,000.

A number of other large investors have also recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Frontdoor by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 45,846 shares of the company’s stock valued at $1,761,000 after acquiring an additional 1,994 shares during the period. Millennium Management LLC increased its position in shares of Frontdoor by 533.0% during the 1st quarter. Millennium Management LLC now owns 307,497 shares of the company’s stock worth $11,814,000 after purchasing an additional 258,920 shares in the last quarter. Empowered Funds LLC increased its position in shares of Frontdoor by 10.5% during the 1st quarter. Empowered Funds LLC now owns 11,008 shares of the company’s stock worth $423,000 after purchasing an additional 1,044 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Frontdoor by 5.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 237,526 shares of the company’s stock valued at $9,126,000 after purchasing an additional 13,134 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its holdings in Frontdoor by 164.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 799 shares of the company’s stock valued at $47,000 after purchasing an additional 497 shares during the last quarter.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. Benchmark started coverage on shares of Frontdoor in a research note on Thursday, March 26th. They set a “buy” rating and a $80.00 price objective on the stock. Weiss Ratings cut 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 stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $72.00.

Frontdoor Price Performance

Shares of Frontdoor stock traded down $0.86 during trading 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. The stock has a 50-day moving average price of $68.04 and a two-hundred day moving average price of $62.36. The stock has a market capitalization of $5.29 billion, a P/E ratio of 21.58 and a beta of 1.46. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 4.95. Frontdoor Inc. has a one year low of $48.47 and a one year high of $80.73.

Frontdoor (NASDAQ:FTDR) last issued its quarterly earnings data on Thursday, April 30th. The company reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.07. The firm had revenue of $451.00 million for the quarter, compared to analyst estimates of $442.28 million. Frontdoor had a net margin of 12.22% and a return on equity of 118.62%. The company’s revenue was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.64 EPS. As a group, sell-side analysts anticipate that Frontdoor Inc. will post 4.48 EPS for the current fiscal year.

Frontdoor Company Profile

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.