Fathom (NASDAQ:FTHM) Price Target Cut to $3.50 by Analysts at Roth Mkm

Fathom (NASDAQ:FTHM) had its price objective cut by stock analysts at Roth Mkm from $4.50 to $3.50 in a research note issued to investors on Friday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Roth Mkm’s price target would indicate a potential upside of 134.90% from the stock’s current price.

Separately, DA Davidson lowered their price objective on shares of Fathom from $6.50 to $4.50 and set a “buy” rating for the company in a report on Monday, March 18th.

Fathom Trading Up 2.1 %

FTHM stock traded up $0.03 during midday trading on Friday, hitting $1.49. The stock had a trading volume of 116,207 shares, compared to its average volume of 55,108. The business has a fifty day moving average price of $1.93 and a two-hundred day moving average price of $2.62. Fathom has a 1-year low of $1.32 and a 1-year high of $8.20. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.13. The firm has a market cap of $30.96 million, a P/E ratio of -1.10 and a beta of 2.01.

Fathom (NASDAQ:FTHM) last posted its earnings results on Thursday, May 9th. The company reported ($0.31) EPS for the quarter, missing the consensus estimate of ($0.24) by ($0.07). The firm had revenue of $70.50 million for the quarter, compared to the consensus estimate of $83.91 million. Fathom had a negative return on equity of 42.04% and a negative net margin of 6.95%. During the same period in the prior year, the business earned ($0.36) EPS. On average, sell-side analysts predict that Fathom will post -0.72 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Fathom

A number of institutional investors have recently added to or reduced their stakes in FTHM. Cannell Capital LLC raised its stake in Fathom by 6.3% during the fourth quarter. Cannell Capital LLC now owns 1,644,578 shares of the company’s stock valued at $5,904,000 after purchasing an additional 97,697 shares in the last quarter. Manatuck Hill Partners LLC raised its holdings in Fathom by 3.2% in the third quarter. Manatuck Hill Partners LLC now owns 200,000 shares of the company’s stock worth $816,000 after purchasing an additional 6,150 shares in the last quarter. Skylands Capital LLC grew its holdings in Fathom by 29.1% in the fourth quarter. Skylands Capital LLC now owns 192,236 shares of the company’s stock worth $690,000 after purchasing an additional 43,383 shares during the last quarter. Beacon Pointe Advisors LLC purchased a new stake in Fathom in the fourth quarter valued at about $180,000. Finally, AMG National Trust Bank purchased a new stake in Fathom during the 4th quarter worth approximately $68,000. 55.49% of the stock is owned by hedge funds and other 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.