Fathom (NASDAQ:FTHM) Trading Down 1.3%

Fathom Holdings Inc. (NASDAQ:FTHM)’s stock price was down 1.3% during mid-day trading on Thursday . The stock traded as low as $1.48 and last traded at $1.48. Approximately 8,952 shares were traded during mid-day 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

Several research analysts have recently issued reports on FTHM shares. Roth Mkm decreased their price target on Fathom from $5.00 to $4.50 and set a “buy” rating for the company in a research note on Friday, March 15th. DA Davidson decreased their price target on Fathom from $6.50 to $4.50 and set a “buy” rating for the company in a research note on Monday, March 18th.

Fathom Stock Performance

The company has a debt-to-equity ratio of 0.13, a current ratio of 1.42 and a quick ratio of 1.42. The firm has a market cap of $31.79 million, a price-to-earnings ratio of -1.04 and a beta of 1.96. The company has a fifty day moving average price of $2.16 and a two-hundred day moving average price of $2.75.

Fathom (NASDAQ:FTHM) last announced its quarterly earnings data on Thursday, March 14th. The company reported ($0.50) earnings per share for the quarter, missing the consensus estimate of ($0.32) by ($0.18). The firm had revenue of $74.07 million during the quarter, compared to analyst estimates of $80.99 million. Fathom had a negative net margin of 6.95% and a negative return on equity of 42.04%. As a group, equities research analysts expect that Fathom Holdings Inc. will post -0.72 EPS for the current year.

Institutional Trading of Fathom

Institutional investors have recently modified their holdings of the company. Cannell Capital LLC lifted its holdings in shares of Fathom by 23.1% during 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 during the last quarter. Manatuck Hill Partners LLC lifted its holdings in shares of 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 purchasing an additional 6,150 shares during the last quarter. Beacon Pointe Advisors LLC purchased a new stake in shares of Fathom during the fourth quarter valued at $180,000. AMG National Trust Bank purchased a new stake in shares of Fathom during the fourth quarter valued at $68,000. Finally, Skylands Capital LLC lifted its holdings in shares of Fathom by 29.1% during the fourth quarter. Skylands Capital LLC now owns 192,236 shares of the company’s stock valued at $690,000 after purchasing an additional 43,383 shares during the last quarter. Institutional investors and hedge funds own 55.49% of the company’s stock.

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.