Fathom (NASDAQ:FTHM) Shares Down 0.8% – What’s Next?

Fathom Holdings Inc. (NASDAQ:FTHM)’s share price fell 0.8% on Wednesday . The stock traded as low as $1.26 and last traded at $1.29. 199,416 shares changed hands during trading, a decline of 9% from the average session volume of 219,853 shares. The stock had previously closed at $1.30.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of Fathom in a research note on Wednesday, October 8th. Roth Mkm began coverage on Fathom in a report on Monday, December 29th. They issued a “buy” rating and a $2.50 target price for the company. One research analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $2.50.

Fathom Price Performance

The stock has a market capitalization of $41.78 million, a P/E ratio of -1.59 and a beta of 1.76. The company’s 50 day simple moving average is $1.16 and its two-hundred day simple moving average is $1.48. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.41 and a quick ratio of 1.41.

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

Institutional Trading of Fathom

Hedge funds and other institutional investors have recently made changes to their positions in the business. ORG Partners LLC acquired a new position in Fathom during the 4th quarter worth about $30,000. Virtu Financial LLC bought a new position in shares of Fathom in the third quarter worth about $61,000. Aristides Capital LLC bought a new position in shares of Fathom in the third quarter worth about $360,000. Union Square Park Capital Management LLC acquired a new position in shares of Fathom during the third quarter worth approximately $810,000. Finally, Vanguard Group Inc. lifted its position in shares of Fathom by 73.2% during the third quarter. Vanguard Group Inc. now owns 784,003 shares of the company’s stock worth $1,411,000 after purchasing an additional 331,316 shares in the last quarter. 55.49% of the stock is currently owned by institutional investors and hedge funds.

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.