Fathom (NASDAQ:FTHM) Trading Down 3% – Time to Sell?

Fathom Holdings Inc. (NASDAQ:FTHM) shares fell 3% during trading on Wednesday . The company traded as low as $0.94 and last traded at $0.9695. Approximately 233,195 shares changed hands during mid-day trading, a decline of 96% from the average daily volume of 5,264,780 shares. The stock had previously closed at $1.00.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Fathom in a research report on Wednesday, June 24th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $2.50.

Fathom Stock Down 3.0%

The firm has a market cap of $31.78 million, a P/E ratio of -1.33 and a beta of 2.17. The firm’s 50 day moving average is $0.78 and its two-hundred day moving average is $0.91. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.09.

Hedge Funds Weigh In On Fathom

Several institutional investors and hedge funds have recently made changes to their positions in the company. ORG Partners LLC bought a new position in Fathom during the fourth quarter worth about $30,000. Virtu Financial LLC acquired a new position in Fathom in the third quarter valued at about $61,000. XTX Topco Ltd increased its holdings in shares of Fathom by 27.9% in the fourth quarter. XTX Topco Ltd now owns 63,748 shares of the company’s stock worth $64,000 after acquiring an additional 13,911 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of Fathom by 72.9% during the first quarter. Renaissance Technologies LLC now owns 147,807 shares of the company’s stock worth $78,000 after purchasing an additional 62,307 shares during the period. Finally, Geode Capital Management LLC raised its position in shares of Fathom by 18.8% during the fourth quarter. Geode Capital Management LLC now owns 206,242 shares of the company’s stock worth $208,000 after purchasing an additional 32,569 shares during the period. Institutional investors and hedge funds 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. 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.