Fathom (NASDAQ:FTHM) Stock Price Down 3% – Here’s Why

Shares of Fathom Holdings Inc. (NASDAQ:FTHM) dropped 3% during trading on Wednesday . The company traded as low as $0.94 and last traded at $0.9695. Approximately 233,195 shares were traded during mid-day trading, a decline of 96% from the average session volume of 5,264,780 shares. The stock had previously closed at $1.00.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Fathom in a research note on Wednesday, June 24th. 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 MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $2.50.

Fathom Trading Down 4.7%

The firm has a market cap of $31.24 million, a P/E ratio of -1.31 and a beta of 2.17. The business’s 50 day moving average is $0.78 and its 200-day moving average is $0.91. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.09.

Institutional Investors Weigh In On Fathom

Several hedge funds and other institutional investors have recently modified their holdings of FTHM. XTX Topco Ltd lifted its position in shares of Fathom by 27.9% during the fourth quarter. XTX Topco Ltd now owns 63,748 shares of the company’s stock worth $64,000 after purchasing an additional 13,911 shares during the last quarter. ORG Partners LLC bought a new stake in Fathom in the fourth quarter valued at about $30,000. Geode Capital Management LLC raised its stake in Fathom by 18.8% during the fourth quarter. Geode Capital Management LLC now owns 206,242 shares of the company’s stock valued at $208,000 after buying an additional 32,569 shares in the last quarter. Virtu Financial LLC acquired a new stake in Fathom during the third quarter valued at approximately $61,000. Finally, Renaissance Technologies LLC lifted its holdings in Fathom by 72.9% during the 1st quarter. Renaissance Technologies LLC now owns 147,807 shares of the company’s stock worth $78,000 after buying an additional 62,307 shares during the last quarter. 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.