Fathom (NASDAQ:FTHM) Trading Down 9.7% – What’s Next?

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

Wall Street Analysts Forecast Growth

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

Fathom Price Performance

The company has a debt-to-equity ratio of 0.20, a current ratio of 1.41 and a quick ratio of 1.41. The firm has a market capitalization of $36.28 million, a price-to-earnings ratio of -1.38 and a beta of 1.88. The business’s fifty day simple moving average is $1.37 and its 200 day simple moving average is $1.49.

Fathom (NASDAQ:FTHM) last announced its quarterly earnings data on Wednesday, November 12th. The company reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.05). The firm had revenue of ($0.11) million during the quarter, compared to analyst estimates of $102.12 million. Fathom had a negative net margin of 4.70% and a negative return on equity of 45.99%. On average, research analysts forecast that Fathom Holdings Inc. will post -1.03 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Virtu Financial LLC purchased a new stake in Fathom in the 3rd quarter worth about $61,000. Vanguard Group Inc. boosted its position in Fathom by 73.2% during 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 period. Union Square Park Capital Management LLC purchased a new position in shares of Fathom in the third quarter worth about $810,000. Finally, Aristides Capital LLC purchased a new position in shares of Fathom in the third quarter worth about $360,000. Institutional investors own 55.49% of the company’s stock.

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.