DA Davidson Trims Fathom (NASDAQ:FTHM) Target Price to $3.00

Fathom (NASDAQ:FTHMGet Free Report) had its price target decreased by equities research analysts at DA Davidson from $4.50 to $3.00 in a note issued to investors on Monday, Benzinga reports. The firm currently has a “buy” rating on the stock. DA Davidson’s price target points to a potential upside of 102.70% from the company’s current price.

Several other equities research analysts also recently weighed in on the stock. Stephens reduced their price objective on shares of Fathom from $4.00 to $2.50 and set an “overweight” rating for the company in a report on Friday. Roth Mkm cut their price target on shares of Fathom from $4.50 to $3.50 and set a “buy” rating for the company in a report on Friday. Finally, B. Riley reduced their price objective on shares of Fathom from $12.00 to $8.00 and set a “buy” rating for the company in a research note on Friday.

Check Out Our Latest Analysis on FTHM

Fathom Stock Performance

FTHM stock traded up $0.06 during trading on Monday, hitting $1.48. 140,773 shares of the company’s stock traded hands, compared to its average volume of 56,634. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.13. Fathom has a 52 week low of $1.32 and a 52 week high of $8.20. The stock has a fifty day moving average price of $1.91 and a two-hundred day moving average price of $2.60. The stock has a market capitalization of $30.75 million, a price-to-earnings ratio of -1.03 and a beta of 2.01.

Fathom (NASDAQ:FTHMGet Free Report) last released its earnings results on Thursday, May 9th. The company reported ($0.31) earnings per share for the quarter, missing the consensus estimate of ($0.24) by ($0.07). Fathom had a negative net margin of 7.16% and a negative return on equity of 42.97%. The business had revenue of $70.50 million for the quarter, compared to the consensus estimate of $83.91 million. During the same quarter in the previous year, the firm earned ($0.36) EPS. As a group, equities analysts anticipate that Fathom will post -0.72 EPS for the current fiscal year.

Hedge Funds Weigh In On Fathom

A number of hedge funds have recently added to or reduced their stakes in FTHM. Cannell Capital LLC grew its holdings 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 during the last quarter. Manatuck Hill Partners LLC boosted its position in shares of Fathom by 3.2% in the third quarter. Manatuck Hill Partners LLC now owns 200,000 shares of the company’s stock valued at $816,000 after acquiring an additional 6,150 shares during the period. Skylands Capital LLC boosted its position in shares of Fathom by 29.1% in the fourth quarter. Skylands Capital LLC now owns 192,236 shares of the company’s stock valued at $690,000 after acquiring an additional 43,383 shares during the period. Beacon Pointe Advisors LLC bought a new stake in shares of Fathom in the fourth quarter valued at approximately $180,000. Finally, AMG National Trust Bank bought a new stake in shares of Fathom in the fourth quarter valued at approximately $68,000. Institutional investors and hedge funds own 55.49% of the company’s stock.

Fathom Company Profile

(Get Free Report)

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.

Recommended Stories

Receive News & Ratings for Fathom Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fathom and related companies with MarketBeat.com's FREE daily email newsletter.