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

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

Wall Street Analysts Forecast Growth

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 research 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 has a consensus rating of “Moderate Buy” and an average target price of $2.50.

Fathom Price Performance

The stock has a market capitalization of $18.06 million, a P/E ratio of -0.66 and a beta of 2.17. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.77 and a quick ratio of 0.77. The company’s 50-day simple moving average is $0.71 and its 200-day simple moving average is $0.77.

Fathom (NASDAQ:FTHM) last announced its quarterly earnings data on Thursday, July 16th. The company reported ($0.25) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.20). The firm had revenue of $86.40 million during the quarter, compared to the consensus estimate 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

A number of institutional investors have recently bought and sold shares of FTHM. Vazirani Asset Management LLC acquired a new stake in shares of Fathom in the second quarter valued at approximately $398,217. FNY Investment Advisers LLC acquired a new position in shares of Fathom in the second quarter valued at $285,000. AMG National Trust Bank acquired a new position in Fathom in the 2nd quarter valued at about $210,000. North Star Asset Management Inc. acquired a new position in shares of Fathom in the second quarter valued at approximately $206,000. Finally, Susquehanna International Group LLP lifted its holdings in Fathom by 28.4% during the 2nd quarter. Susquehanna International Group LLP now owns 140,333 shares of the company’s stock worth $142,000 after purchasing an additional 31,063 shares during the last quarter. Institutional investors and hedge funds own 55.49% of the company’s stock.

Fathom Company Profile

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.