Fathom (NASDAQ:FTHM) Shares Down 4.7% – Here’s What Happened

Fathom Holdings Inc. (NASDAQ:FTHM)’s share price fell 4.7% during mid-day trading on Wednesday . The company traded as low as $0.9501 and last traded at $1.02. 211,230 shares changed hands during mid-day trading, an increase of 43% from the average session volume of 147,298 shares. The stock had previously closed at $1.07.

Analyst Upgrades and Downgrades

FTHM has been the subject of several recent analyst reports. Roth Mkm began coverage on shares of Fathom in a research note on Monday, December 29th. They set a “buy” rating and a $2.50 price objective for the company. Weiss Ratings restated a “sell (d-)” rating on shares of Fathom in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $2.50.

Fathom Price Performance

The firm has a market capitalization of $33.04 million, a PE ratio of -1.26 and a beta of 1.79. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.41 and a quick ratio of 1.41. The business’s 50 day moving average is $1.15 and its two-hundred day moving average is $1.45.

Fathom (NASDAQ:FTHM) last issued its quarterly earnings results on Wednesday, November 12th. The company reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.05). The company had revenue of ($0.11) million during the quarter, compared to the consensus estimate of $102.12 million. Fathom had a negative return on equity of 45.99% and a negative net margin of 4.70%. As a group, research analysts anticipate that Fathom Holdings Inc. will post -1.03 EPS for the current year.

Institutional Investors Weigh In On Fathom

A number of large investors have recently added to or reduced their stakes in FTHM. ORG Partners LLC bought a new stake in Fathom during the fourth quarter worth about $30,000. Geode Capital Management LLC lifted its position in Fathom by 18.8% in the 4th quarter. Geode Capital Management LLC now owns 206,242 shares of the company’s stock worth $208,000 after buying an additional 32,569 shares during the last quarter. Virtu Financial LLC bought a new stake in Fathom in the 3rd quarter worth approximately $61,000. Aristides Capital LLC purchased a new stake in Fathom in the third quarter worth approximately $360,000. Finally, Vanguard Group Inc. grew its position in Fathom by 73.2% during the third quarter. Vanguard Group Inc. now owns 784,003 shares of the company’s stock valued at $1,411,000 after acquiring an additional 331,316 shares during the last quarter. Hedge funds and other 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. The Mortgage segment offers residential loan origination and underwriting services. The Technology segment provides Software as a Service solutions and data mining for third party customers.