Fathom (NASDAQ:FTHM) Raised to Strong-Buy at Roth Capital

Fathom (NASDAQ:FTHM) was upgraded by stock analysts at Roth Capital to a “strong-buy” rating in a research note issued on Sunday,Zacks.com reports.

FTHM has been the topic of several other reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Fathom in a research report on Wednesday, October 8th. Wall Street Zen upgraded shares of Fathom to a “hold” rating in a report on Saturday, September 13th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $2.50.

Fathom Trading Down 4.5%

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

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

Institutional Investors Weigh In On Fathom

A number of institutional investors have recently modified their holdings of FTHM. Vanguard Group Inc. increased its position in shares of 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 buying an additional 331,316 shares during the period. Aristides Capital LLC bought a new position in shares of Fathom in the 3rd quarter worth about $360,000. Union Square Park Capital Management LLC acquired a new position in shares of Fathom in the 3rd quarter valued at about $810,000. Finally, Virtu Financial LLC bought a new stake in shares of Fathom during the 3rd quarter valued at about $61,000. 55.49% of the stock is owned by institutional investors.

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.