Fathom Holdings Inc. (NASDAQ:FTHM) Stock Short Interest Declines 40.3%

Fathom Holdings Inc. (NASDAQ:FTHM) was the target of a large decline in short interest during the month of October. As of October 15th, there was short interest totaling 690,967 shares, a decline of 40.3% from the September 30th total of 1,158,352 shares. Approximately 2.4% of the company’s stock are sold short. Based on an average daily volume of 1,035,960 shares, the short-interest ratio is currently 0.7 days.

Fathom Stock Down 0.8%

Shares of NASDAQ FTHM traded down $0.00 during midday trading on Monday, hitting $0.18. 266,982 shares of the company’s stock were exchanged, compared to its average volume of 968,228. The firm’s fifty day simple moving average is $0.43 and its 200-day simple moving average is $0.76. The company has a market cap of $6.08 million, a PE ratio of -0.22 and a beta of 2.41. Fathom has a twelve month low of $0.17 and a twelve month high of $1.52. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.77 and a quick ratio of 0.77.

Fathom (NASDAQ:FTHM) last announced its quarterly earnings results on Thursday, August 13th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.18). The business had revenue of $114.61 million during the quarter, compared to analyst estimates of $127.02 million. Fathom had a negative net margin of 6.27% and a negative return on equity of 75.89%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings downgraded shares of Fathom from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, October 2nd. One research 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.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $2.50.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Vazirani Asset Management LLC purchased a new position in shares of Fathom in the 2nd quarter valued at $398,217. FNY Investment Advisers LLC acquired a new stake in Fathom during the 2nd quarter worth $285,000. AMG National Trust Bank purchased a new stake in Fathom in the second quarter valued at $210,000. North Star Asset Management Inc. purchased a new stake in Fathom in the second quarter valued at $206,000. Finally, Susquehanna International Group LLP lifted its position 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. Institutional investors and hedge funds own 55.49% of the company’s stock.

About Fathom

Fathom Holdings Inc is a technology-driven real estate services company that operates primarily through its Fathom Realty brokerage. The company provides residential real estate brokerage services through a network of independent agents who assist clients with buying, selling and leasing properties.

Fathom Realty supports its agents with a cloud-based platform that includes transaction management, marketing, lead generation, training and other business tools. The company has also expanded its offerings into related real estate services, including title and settlement services, insurance and technology solutions designed to support real estate professionals and consumers.

Founded in 2010 and headquartered in Cary, North Carolina, Fathom serves markets across the United States.