Fathom (NASDAQ:FTHM) Price Target Cut to $2.50

Fathom (NASDAQ:FTHM) had its target price decreased by equities researchers at Stephens from $4.00 to $2.50 in a research report issued on Friday, Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Stephens’ price objective indicates a potential upside of 74.83% from the stock’s previous close.

A number of other equities research analysts also recently weighed in on FTHM. Roth Mkm dropped their price target on shares of Fathom from $4.50 to $3.50 and set a “buy” rating for the company in a research report on Friday. DA Davidson reduced their target price on Fathom from $6.50 to $4.50 and set a “buy” rating on the stock in a report on Monday, March 18th. Finally, B. Riley dropped their price target on Fathom from $12.00 to $8.00 and set a “buy” rating for the company in a research note on Friday.

Fathom Stock Performance

FTHM traded down $0.03 on Friday, reaching $1.43. The company had a trading volume of 117,060 shares, compared to its average volume of 55,155. The company’s fifty day moving average is $1.93 and its 200 day moving average is $2.62. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.42 and a current ratio of 1.42. The stock has a market cap of $29.72 million, a P/E ratio of -1.01 and a beta of 2.01. Fathom has a fifty-two week low of $1.32 and a fifty-two week high of $8.20.

Fathom (NASDAQ:FTHM) last posted its quarterly earnings data on Thursday, May 9th. The company reported ($0.31) earnings per share for the quarter, missing the consensus estimate of ($0.24) by ($0.07). Fathom had a negative return on equity of 42.04% and a negative net margin of 6.95%. The firm had revenue of $70.50 million for the quarter, compared to the consensus estimate of $83.91 million. During the same quarter in the previous year, the business earned ($0.36) EPS. As a group, analysts predict that Fathom will post -0.72 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Fathom

Several hedge funds and other institutional investors have recently modified their holdings of the business. Cannell Capital LLC boosted its stake in Fathom by 6.3% in the fourth quarter. Cannell Capital LLC now owns 1,644,578 shares of the company’s stock valued at $5,904,000 after buying an additional 97,697 shares in the last quarter. Manatuck Hill Partners LLC raised its stake in 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 acquiring an additional 6,150 shares in the last quarter. Skylands Capital LLC lifted its holdings in shares of Fathom by 29.1% in the fourth quarter. Skylands Capital LLC now owns 192,236 shares of the company’s stock worth $690,000 after acquiring an additional 43,383 shares during the last quarter. Beacon Pointe Advisors LLC acquired a new stake in shares of Fathom in the 4th quarter valued at approximately $180,000. Finally, AMG National Trust Bank bought a new stake in shares of Fathom during the 4th quarter valued at approximately $68,000. 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.