Wall Street Zen Upgrades Fathom (NASDAQ:FTHM) to Hold

Fathom (NASDAQ:FTHM) was upgraded by equities researchers at Wall Street Zen to a “hold” rating in a research note issued to investors on Saturday.

Separately, Roth Capital reissued a “buy” rating on shares of Fathom in a report on Wednesday, August 13th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy”.

Fathom Price Performance

NASDAQ FTHM opened at $2.82 on Friday. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.21. Fathom has a 52 week low of $0.65 and a 52 week high of $3.37. The company has a 50-day moving average price of $1.55 and a two-hundred day moving average price of $1.18. The stock has a market cap of $79.38 million, a price-to-earnings ratio of -2.66 and a beta of 1.85.

Insider Activity

In other news, major shareholder Joshua Harley sold 81,691 shares of Fathom stock in a transaction on Tuesday, July 22nd. The stock was sold at an average price of $1.59, for a total transaction of $129,888.69. Following the transaction, the insider owned 3,228,901 shares in the company, valued at approximately $5,133,952.59. The trade was a 2.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders sold a total of 201,100 shares of company stock valued at $295,550 in the last ninety days. 16.40% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. AMG National Trust Bank boosted its position in Fathom by 201.7% during the first quarter. AMG National Trust Bank now owns 207,590 shares of the company’s stock valued at $183,000 after purchasing an additional 138,773 shares during the last quarter. Sovereign s Capital Management LLC acquired a new stake in Fathom in the 4th quarter valued at approximately $284,000. Millennium Management LLC boosted its holdings in Fathom by 54.4% in the 4th quarter. Millennium Management LLC now owns 33,911 shares of the company’s stock valued at $52,000 after purchasing an additional 11,949 shares during the period. Finally, Northern Trust Corp grew its holdings in shares of Fathom by 59.8% during the 4th quarter. Northern Trust Corp now owns 57,002 shares of the company’s stock worth $87,000 after purchasing an additional 21,328 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.