Fathom (NASDAQ:FTHM) Upgraded by Wall Street Zen to "Hold" Rating

Key Points

• Fathom's stock has been upgraded to a "hold" rating by Wall Street Zen, while Roth Capital maintains a "buy" rating, indicating mixed sentiments about the stock.
• The company's shares have shown a 52-week performance ranging from a low of $0.65 to a high of $3.37, currently trading around $2.82.
• Significant recent insider activity includes major shareholder Joshua Harley selling 81,691 shares at an average price of $1.59, reducing his ownership by 2.47%.

Wall Street Zen upgraded shares of Fathom (NASDAQ:FTHM - Free Report) to a hold rating in a research report report published on Saturday morning.

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

Fathom Price Performance

FTHM traded up $0.01 during trading on Friday, reaching $2.83. The company's stock had a trading volume of 651,617 shares, compared to its average volume of 1,438,335. 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 fifty day simple moving average of $1.59 and a two-hundred day simple moving average of $1.19. Fathom has a 1 year low of $0.65 and a 1 year high of $3.37. The company has a market cap of $79.66 million, a price-to-earnings ratio of -2.67 and a beta of 1.84.

Insider Buying and Selling

In other Fathom news, major shareholder Joshua Harley sold 81,691 shares of the firm's stock in a transaction that occurred on Tuesday, July 22nd. The shares were sold at an average price of $1.59, for a total value of $129,888.69. Following the completion of the transaction, the insider owned 3,228,901 shares of the company's stock, valued at $5,133,952.59. This trade represents a 2.47% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Over the last three months, insiders have sold 201,100 shares of company stock valued at $295,550. Company insiders own 16.40% of the company's stock.

Hedge Funds Weigh In On Fathom

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Millennium Management LLC boosted its position 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 buying an additional 11,949 shares during the period. Northern Trust Corp lifted its position 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 during the last quarter. Sovereign s Capital Management LLC purchased a new stake in shares of Fathom during the 4th quarter worth $284,000. Finally, AMG National Trust Bank lifted its position in shares of Fathom by 201.7% during the 1st quarter. AMG National Trust Bank now owns 207,590 shares of the company's stock worth $183,000 after purchasing an additional 138,773 shares during the last quarter. Hedge funds and other institutional investors own 55.49% of the company's stock.

Fathom Company Profile

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.