FORM Holdings Corp. (NYSE:FH) Now Covered by Roth Capital

Roth Capital started coverage on shares of FORM Holdings Corp. (NYSE:FH) in a research report sent to investors on Tuesday, August 8th, Marketbeat.com reports. The brokerage issued a buy rating and a $3.00 price objective on the stock.

Shares of FORM Holdings Corp. (NYSE FH) opened at 1.22 on Tuesday. FORM Holdings Corp. has a 52-week low of $1.11 and a 52-week high of $4.05. The firm’s 50-day moving average is $1.32 and its 200-day moving average is $1.78. The firm’s market cap is $32.31 million.

FORM Holdings Corp. (NYSE:FH) last announced its quarterly earnings data on Wednesday, August 9th. The company reported ($0.28) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.13) by $0.15. The business had revenue of $16.38 million during the quarter. Analysts anticipate that FORM Holdings Corp. will post ($0.76) earnings per share for the current year.

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In related news, CEO Andrew D. Perlman acquired 30,686 shares of the stock in a transaction on Tuesday, May 23rd. The stock was purchased at an average price of $1.78 per share, for a total transaction of $54,621.08. Following the completion of the transaction, the chief executive officer now owns 305,892 shares of the company’s stock, valued at approximately $544,487.76. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders acquired 56,733 shares of company stock valued at $90,626 in the last quarter.

A hedge fund recently raised its stake in FORM Holdings Corp. stock. Manatuck Hill Partners LLC raised its stake in shares of FORM Holdings Corp. (NYSE:FH) by 25.0% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 125,000 shares of the company’s stock after buying an additional 25,000 shares during the period. Manatuck Hill Partners LLC owned about 0.64% of FORM Holdings Corp. worth $206,000 at the end of the most recent reporting period.

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