Fathom (NASDAQ:FTHM) Shares Down 1.3%

Fathom Holdings Inc. (NASDAQ:FTHM) traded down 1.3% during trading on Thursday . The company traded as low as $1.48 and last traded at $1.48. 8,952 shares were traded during mid-day trading, a decline of 83% from the average session volume of 51,579 shares. The stock had previously closed at $1.50.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Roth Mkm cut their price target on shares of Fathom from $5.00 to $4.50 and set a “buy” rating on the stock in a report on Friday, March 15th. DA Davidson reduced their target price on Fathom from $6.50 to $4.50 and set a “buy” rating for the company in a report on Monday, March 18th.

Fathom Stock Down 1.3 %

The firm has a market capitalization of $30.75 million, a PE ratio of -1.01 and a beta of 1.96. The stock has a 50-day simple moving average of $2.19 and a 200-day simple moving average of $2.76. 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 (NASDAQ:FTHM) last issued its earnings results on Thursday, March 14th. The company reported ($0.50) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.32) by ($0.18). Fathom had a negative return on equity of 42.04% and a negative net margin of 6.95%. The business had revenue of $74.07 million for the quarter, compared to the consensus estimate of $80.99 million. Analysts forecast that Fathom Holdings Inc. will post -0.72 EPS for the current year.

Institutional Trading of Fathom

Several institutional investors and hedge funds have recently bought and sold shares of the company. Cannell Capital LLC raised its stake in Fathom by 23.1% in the third quarter. Cannell Capital LLC now owns 1,546,881 shares of the company’s stock valued at $6,311,000 after purchasing an additional 289,978 shares in the last quarter. Beacon Pointe Advisors LLC bought a new stake in Fathom during the fourth quarter worth about $180,000. Skylands Capital LLC raised its holdings in shares of Fathom by 29.1% during the 4th quarter. Skylands Capital LLC now owns 192,236 shares of the company’s stock valued at $690,000 after buying an additional 43,383 shares in the last quarter. AMG National Trust Bank purchased a new stake in Fathom in the fourth quarter worth approximately $68,000. Finally, Manatuck Hill Partners LLC grew its position in Fathom by 3.2% during 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 last quarter. 55.49% of the stock is currently owned by hedge funds and other institutional investors.

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.