Fathom (NASDAQ:FTHM) Trading Down 1.3%

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

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on FTHM shares. Roth Mkm decreased their target price on Fathom from $5.00 to $4.50 and set a “buy” rating for the company in a research report on Friday, March 15th. DA Davidson decreased their price objective 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 business’s 50 day moving average is $2.19 and its 200 day moving average is $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. The company has a market cap of $30.75 million, a P/E ratio of -1.01 and a beta of 1.96.

Fathom (NASDAQ:FTHM) last released its quarterly earnings results on Thursday, March 14th. The company reported ($0.50) EPS for the quarter, missing the consensus estimate 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 company had revenue of $74.07 million during the quarter, compared to the consensus estimate of $80.99 million. As a group, equities analysts anticipate that Fathom Holdings Inc. will post -0.72 earnings per share for the current fiscal year.

Institutional Trading of Fathom

Several hedge funds have recently modified their holdings of FTHM. Manatuck Hill Partners LLC raised its stake in shares of Fathom by 3.2% during the 3rd quarter. Manatuck Hill Partners LLC now owns 200,000 shares of the company’s stock worth $816,000 after acquiring an additional 6,150 shares in the last quarter. Cannell Capital LLC grew its holdings in Fathom by 23.1% in the third quarter. Cannell Capital LLC now owns 1,546,881 shares of the company’s stock worth $6,311,000 after purchasing an additional 289,978 shares during the last quarter. Skylands Capital LLC increased its position in shares of Fathom by 29.1% during 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 in the last quarter. Beacon Pointe Advisors LLC acquired a new position in shares of Fathom during the fourth quarter worth $180,000. Finally, AMG National Trust Bank purchased a new stake in shares of Fathom during the 4th quarter valued at $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.