Fathom (NASDAQ:FTHM) Trading Down 6.4% – Should You Sell?

Fathom Holdings Inc. (NASDAQ:FTHM)’s stock price fell 6.4% during mid-day trading on Tuesday . The stock traded as low as $0.5253 and last traded at $0.57. 408,731 shares changed hands during mid-day trading, an increase of 201% from the average session volume of 135,634 shares. The stock had previously closed at $0.6090.

Fathom Price Performance

The company has a 50-day simple moving average of $0.78 and a 200-day simple moving average of $0.99. The stock has a market cap of $18.68 million, a PE ratio of -0.78 and a beta of 2.46. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.06 and a quick ratio of 1.06.

Fathom (NASDAQ:FTHM) last released its quarterly earnings data on Monday, March 30th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by ($0.10). The business had revenue of $90.61 million during the quarter, compared to analysts’ expectations of $97.55 million. Fathom had a negative return on equity of 49.25% and a negative net margin of 4.83%. Sell-side analysts anticipate that Fathom Holdings Inc. will post -0.31 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. ORG Partners LLC purchased a new position in Fathom in the fourth quarter worth $30,000. Virtu Financial LLC purchased a new position in Fathom in the third quarter worth $61,000. XTX Topco Ltd increased its position in shares of Fathom by 27.9% in the fourth quarter. XTX Topco Ltd now owns 63,748 shares of the company’s stock valued at $64,000 after buying an additional 13,911 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of Fathom by 72.9% in the first quarter. Renaissance Technologies LLC now owns 147,807 shares of the company’s stock valued at $78,000 after buying an additional 62,307 shares in the last quarter. Finally, Aristides Capital LLC purchased a new position in shares of Fathom in the third quarter valued at $360,000. Hedge funds and other institutional investors own 55.49% of the company’s stock.

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. The Mortgage segment offers residential loan origination and underwriting services. The Technology segment provides Software as a Service solutions and data mining for third party customers.