Fathom (NASDAQ:FTHM) Shares Down 9.7% – Here’s What Happened

Shares of Fathom Holdings Inc. (NASDAQ:FTHM) traded down 9.7% during mid-day trading on Monday . The company traded as low as $1.11 and last traded at $1.12. 121,692 shares changed hands during trading, an increase of 28% from the average session volume of 94,926 shares. The stock had previously closed at $1.24.

Analysts Set New Price Targets

A number of analysts recently issued reports on FTHM shares. Weiss Ratings reissued a “sell (d-)” rating on shares of Fathom in a report on Wednesday, October 8th. Roth Capital raised their price objective on shares of Fathom from $2.00 to $2.50 and gave the company a “buy” rating in a research report on Monday, October 13th. Finally, Wall Street Zen raised shares of Fathom to a “hold” rating in a report on Saturday, September 13th. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, Fathom currently has a consensus rating of “Hold” and an average target price of $2.50.

Fathom Trading Down 2.8%

The stock has a fifty day moving average of $1.35 and a two-hundred day moving average of $1.49. The company has a market capitalization of $34.01 million, a PE ratio of -1.30 and a beta of 1.88. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.20.

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

Hedge Funds Weigh In On Fathom

A number of large investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in shares of Fathom by 73.2% in 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 during the last quarter. Virtu Financial LLC purchased a new stake in Fathom during the 3rd quarter valued at $61,000. Union Square Park Capital Management LLC bought a new stake in Fathom in the 3rd quarter worth $810,000. Finally, Aristides Capital LLC purchased a new position in shares of Fathom in the third quarter valued at about $360,000. 55.49% of the stock is owned by hedge funds and other institutional investors.

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.