Fathom Holdings Inc. (NASDAQ:FTHM) Short Interest Down 6.0% in April

Fathom Holdings Inc. (NASDAQ:FTHM) was the target of a significant drop in short interest in April. As of April 15th, there was short interest totalling 231,400 shares, a drop of 6.0% from the March 31st total of 246,100 shares. Based on an average daily trading volume, of 54,700 shares, the days-to-cover ratio is currently 4.2 days. Approximately 1.8% of the company’s stock are sold short.

Wall Street Analyst Weigh In

FTHM has been the subject of a number of analyst reports. DA Davidson decreased their price target on Fathom from $6.50 to $4.50 and set a “buy” rating for the company in a research note on Monday, March 18th. Roth Mkm decreased their price target on Fathom from $5.00 to $4.50 and set a “buy” rating for the company in a research note on Friday, March 15th.

Fathom Stock Performance

Shares of FTHM traded up $0.09 during mid-day trading on Wednesday, reaching $1.65. The company’s stock had a trading volume of 8,765 shares, compared to its average volume of 51,852. Fathom has a 1-year low of $1.40 and a 1-year high of $8.20. The stock has a market cap of $34.29 million, a P/E ratio of -1.06 and a beta of 1.96. The business has a 50-day simple moving average of $2.11 and a two-hundred day simple moving average of $2.71. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.13.

Fathom (NASDAQ:FTHM) last released its quarterly earnings results on Thursday, March 14th. The company reported ($0.50) earnings per share for the quarter, missing the consensus estimate of ($0.32) by ($0.18). The firm had revenue of $74.07 million for the quarter, compared to analyst estimates of $80.99 million. Fathom had a negative return on equity of 42.04% and a negative net margin of 6.95%. As a group, equities research analysts anticipate that Fathom will post -0.72 earnings per share for the current fiscal year.

Institutional Trading of Fathom

Several hedge funds have recently added to or reduced their stakes in FTHM. Cannell Capital LLC raised its holdings in Fathom by 6.3% in the 4th quarter. Cannell Capital LLC now owns 1,644,578 shares of the company’s stock valued at $5,904,000 after acquiring an additional 97,697 shares in the last quarter. AMG National Trust Bank acquired a new position in Fathom in the 4th quarter worth about $68,000. Beacon Pointe Advisors LLC acquired a new position in Fathom in the 4th quarter worth about $180,000. Skylands Capital LLC increased its holdings in Fathom by 29.1% in the 4th quarter. Skylands Capital LLC now owns 192,236 shares of the company’s stock worth $690,000 after purchasing an additional 43,383 shares in the last quarter. Finally, Manatuck Hill Partners LLC increased its holdings in Fathom by 3.2% in the 3rd quarter. Manatuck Hill Partners LLC now owns 200,000 shares of the company’s stock worth $816,000 after purchasing an additional 6,150 shares in the last quarter. 55.49% of the stock is owned by institutional investors and hedge funds.

About Fathom

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.