Fathom (NASDAQ:FTHM) Trading Down 1.3%

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

Wall Street Analysts Forecast Growth

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

Fathom Stock Up 3.4 %

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 firm has a 50 day simple moving average of $2.16 and a 200-day simple moving average of $2.75. The stock has a market cap of $31.79 million, a P/E ratio of -1.04 and a beta of 1.96.

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

Hedge Funds Weigh In On Fathom

Large investors have recently made changes to their positions in the company. AMG National Trust Bank bought a new position in shares of Fathom during the fourth quarter worth approximately $68,000. Beacon Pointe Advisors LLC bought a new position in shares of Fathom during the fourth quarter worth approximately $180,000. Skylands Capital LLC increased its stake 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 during the period. Manatuck Hill Partners LLC increased its stake 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 worth $816,000 after purchasing an additional 6,150 shares during the period. Finally, Cannell Capital LLC increased its stake in shares of Fathom by 6.3% during the fourth quarter. Cannell Capital LLC now owns 1,644,578 shares of the company’s stock worth $5,904,000 after purchasing an additional 97,697 shares during the period. Institutional investors own 55.49% of the company’s stock.

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.