Fathom assumed with a Buy at Roth Capital

Roth Capital analyst Tom Hayes assumed coverage of Fathom (FTHM) with a Buy rating and $2.50 price target The firm believes the company is nearing an inflection point. Fathom is adding more products and services to the platform, which will increase margins and its profitability, the analyst tells investors in a research note. In addition, Roth says Fathom’s balance sheet, post the recent equity raise, is well positioned to support its current initiatives.