Roth Capital Begins Coverage on Fathom (NASDAQ:FTHM)

Stock analysts at Roth Capital initiated coverage on shares of Fathom (NASDAQ:FTHM) in a research note issued to investors on Monday. The brokerage set a “buy” rating and a $2.50 price target on the stock. Roth Capital’s target price points to a potential upside of 140.38% from the stock’s previous close.

FTHM has been the subject of a number of other research reports. Wall Street Zen upgraded Fathom to a “hold” rating in a report on Saturday, September 13th. Weiss Ratings reissued a “sell (d-)” rating on shares of Fathom in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Fathom presently has a consensus rating of “Moderate Buy” and a consensus price target of $2.50.

Fathom Stock Performance

FTHM stock opened at $1.04 on Monday. Fathom has a 1-year low of $0.65 and a 1-year high of $3.37. The business has a 50-day moving average price of $1.24 and a 200 day moving average price of $1.47. The company has a market capitalization of $33.69 million, a P/E ratio of -1.28 and a beta of 1.88. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.41 and a quick ratio of 1.41.

Fathom (NASDAQ:FTHM) last issued its earnings results on Wednesday, November 12th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.05). Fathom had a negative return on equity of 45.99% and a negative net margin of 4.70%.The business had revenue of ($0.11) million for the quarter, compared to the consensus estimate of $102.12 million. As a group, equities research analysts forecast that Fathom will post -1.03 EPS for the current fiscal year.

Institutional Trading of Fathom

Institutional investors have recently made changes to their positions in the business. Virtu Financial LLC acquired a new position in Fathom during the 3rd quarter valued at about $61,000. Aristides Capital LLC purchased a new stake in shares of Fathom during the third quarter worth about $360,000. Union Square Park Capital Management LLC acquired a new position in shares of Fathom during the third quarter valued at about $810,000. Finally, Vanguard Group Inc. increased its holdings in shares of Fathom by 73.2% during the third quarter. Vanguard Group Inc. now owns 784,003 shares of the company’s stock valued at $1,411,000 after acquiring an additional 331,316 shares in the last quarter. Institutional investors and hedge funds own 55.49% of the company’s stock.

About Fathom

Fathom Holdings Inc provides a real estate services platform that integrates residential brokerage, mortgage, title, and insurance services in the United States. It operates through three segments: Real Estate Brokerage, Mortgage, and Technology. The Real Estate Brokerage segment provides real estate brokerage services. The Mortgage segment offers residential loan origination and underwriting services. The Technology segment provides Software as a Service solutions and data mining for third party customers.