Fathom (NASDAQ:FTHM) Stock Rating Upgraded by Wall Street Zen

Fathom (NASDAQ:FTHM) was upgraded by research analysts at Wall Street Zen to a “hold” rating in a report released on Saturday.

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

Fathom Trading Down 0.7%

Shares of Fathom stock opened at $2.82 on Friday. Fathom has a fifty-two week low of $0.65 and a fifty-two week high of $3.37. The business’s fifty day moving average is $1.55 and its two-hundred day moving average is $1.18. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.21. The firm has a market cap of $79.38 million, a PE 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 that occurred on Tuesday, July 22nd. The shares were sold at an average price of $1.59, for a total transaction of $129,888.69. Following the sale, the insider owned 3,228,901 shares in the company, valued at $5,133,952.59. This trade represents a 2.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have sold a total of 201,100 shares of company stock worth $295,550 in the last 90 days. Company insiders own 16.40% of the company’s stock.

Institutional Investors Weigh In On Fathom

Large investors have recently added to or reduced their stakes in the company. AMG National Trust Bank lifted its holdings in Fathom by 201.7% in the 1st quarter. AMG National Trust Bank now owns 207,590 shares of the company’s stock worth $183,000 after buying an additional 138,773 shares in the last quarter. Sovereign s Capital Management LLC purchased a new position in Fathom in the fourth quarter valued at about $284,000. Millennium Management LLC grew its stake in Fathom by 54.4% during 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 in the last quarter. Finally, Northern Trust Corp raised its position in shares of Fathom by 59.8% in the 4th quarter. Northern Trust Corp now owns 57,002 shares of the company’s stock valued at $87,000 after purchasing an additional 21,328 shares in the last quarter. 55.49% of the stock is 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.