Fathom (NASDAQ:FTHM) Shares Down 5.6% – Here’s What Happened

by · The Cerbat Gem

Fathom Holdings Inc. (NASDAQ:FTHM – Get Free Report)’s share price fell 5.6% during trading on Wednesday. The company traded as low as $0.5220 and last traded at $0.5279. 24,417 shares traded hands during mid-day trading, a decline of 65% from the average daily volume of 69,827 shares. The stock had previously closed at $0.5590.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised shares of Fathom from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, July 15th. One analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $2.50.

View Our Latest Stock Report on Fathom

Fathom Price Performance

The stock has a market capitalization of $19.94 million, a price-to-earnings ratio of -0.73 and a beta of 2.17. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.12. The stock has a 50-day simple moving average of $0.70 and a 200 day simple moving average of $0.77.

Fathom (NASDAQ:FTHM – Get Free Report) last issued its earnings results on Thursday, July 16th. The company reported ($0.25) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.20). The business had revenue of $86.40 million during the quarter, compared to analyst estimates of $93.70 million. Fathom had a negative net margin of 6.27% and a negative return on equity of 75.89%.

Hedge Funds Weigh In On Fathom

Several institutional investors and hedge funds have recently modified their holdings of the stock. Susquehanna International Group LLP lifted its stake in Fathom by 28.4% in the second quarter. Susquehanna International Group LLP now owns 140,333 shares of the company’s stock valued at $142,000 after acquiring an additional 31,063 shares during the last quarter. Requisite Capital Management LLC acquired a new position in shares of Fathom during the 2nd quarter worth $39,000. BlackRock Inc. acquired a new position in shares of Fathom during the 2nd quarter worth $44,000. Renaissance Technologies LLC raised its holdings in shares of Fathom by 72.9% during the 1st quarter. Renaissance Technologies LLC now owns 147,807 shares of the company’s stock valued at $78,000 after purchasing an additional 62,307 shares in the last quarter. Finally, JB Capital Partners LP bought a new position in shares of Fathom during the 2nd quarter valued at $70,581. 55.49% of the stock is currently owned by hedge funds and other institutional investors.

Fathom Company Profile

(Get Free Report)

Fathom Holdings Inc is a technology-driven real estate services company headquartered in Cary, North Carolina. Through its operating businesses, the company provides residential real estate brokerage, title and settlement services, insurance, and technology solutions intended to support real estate professionals and their clients.

Fathom Realty is the company’s principal business and operates as a residential real estate brokerage. Its platform is designed to help independent agents manage transactions, marketing, communication, and other aspects of their businesses.

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