Fathom (NASDAQ:FTHM) Stock Rating Upgraded by Roth Capital

Fathom (NASDAQ:FTHM) was upgraded by Roth Capital to a “strong-buy” rating in a research report issued to clients and investors on Sunday,Zacks.com reports.

Several other equities research analysts also recently issued reports on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of Fathom in a research report on Wednesday, October 8th. Wall Street Zen raised Fathom to a “hold” rating in a report on Saturday, September 13th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $2.50.

Fathom Stock Down 4.5%

FTHM opened at $1.05 on Friday. The stock’s fifty day simple moving average is $1.25 and its 200 day simple moving average is $1.48. Fathom has a 1-year low of $0.65 and a 1-year high of $3.37. The stock has a market cap of $34.01 million, a PE ratio of -1.30 and a beta of 1.88. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.20.

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

Hedge Funds Weigh In On Fathom

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

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.