Fathom Holdings Inc. (NASDAQ:FTHM) Short Interest Update

Fathom Holdings Inc. (NASDAQ:FTHMGet Free Report) was the recipient of a significant decrease in short interest in June. As of June 15th, there was short interest totalling 232,200 shares, a decrease of 5.4% from the May 31st total of 245,400 shares. Approximately 1.8% of the company’s stock are sold short. Based on an average daily volume of 75,500 shares, the short-interest ratio is currently 3.1 days.

Insider Buying and Selling

In related news, Director Scott N. Flanders acquired 15,832 shares of the business’s stock in a transaction that occurred on Friday, June 7th. The shares were acquired at an average cost of $1.89 per share, with a total value of $29,922.48. Following the purchase, the director now owns 671,210 shares of the company’s stock, valued at $1,268,586.90. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Fathom news, Director Scott N. Flanders acquired 15,832 shares of the company’s stock in a transaction dated Friday, June 7th. The shares were acquired at an average cost of $1.89 per share, for a total transaction of $29,922.48. Following the completion of the purchase, the director now owns 671,210 shares of the company’s stock, valued at approximately $1,268,586.90. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Scott N. Flanders bought 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were acquired at an average price of $1.65 per share, with a total value of $41,250.00. Following the purchase, the director now owns 596,335 shares in the company, valued at $983,952.75. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 137,219 shares of company stock worth $229,414. Corporate insiders own 46.60% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of FTHM. Virtu Financial LLC acquired a new stake in Fathom during the 1st quarter valued at $38,000. Connective Capital Management LLC bought a new position in shares of Fathom in the first quarter valued at about $162,000. Cannell Capital LLC grew its holdings in Fathom by 6.3% during the 4th quarter. Cannell Capital LLC now owns 1,644,578 shares of the company’s stock worth $5,904,000 after acquiring an additional 97,697 shares during the last quarter. AMG National Trust Bank acquired a new position in Fathom during the 4th quarter worth $68,000. Finally, Beacon Pointe Advisors LLC acquired a new stake in shares of Fathom in the 4th quarter valued at $180,000. 55.49% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Stephens reduced their price target on shares of Fathom from $4.00 to $2.50 and set an “overweight” rating for the company in a report on Friday, May 10th. B. Riley decreased their target price on Fathom from $12.00 to $8.00 and set a “buy” rating on the stock in a research report on Friday, May 10th. DA Davidson lowered their price target on Fathom from $4.50 to $3.00 and set a “buy” rating on the stock in a research note on Monday, May 13th. Finally, Roth Mkm reduced their price objective on Fathom from $4.50 to $3.50 and set a “buy” rating for the company in a research report on Friday, May 10th.

Read Our Latest Stock Report on FTHM

Fathom Price Performance

Shares of Fathom stock traded up $0.15 during trading on Wednesday, hitting $1.76. 13,516 shares of the company’s stock traded hands, compared to its average volume of 63,486. Fathom has a twelve month low of $1.32 and a twelve month high of $8.20. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.25 and a quick ratio of 1.25. The company has a market cap of $36.70 million, a PE ratio of -1.24 and a beta of 2.03. The firm’s fifty day moving average price is $1.63 and its 200 day moving average price is $2.29.

Fathom (NASDAQ:FTHMGet Free Report) last released its quarterly earnings data on Thursday, May 9th. The company reported ($0.31) earnings per share for the quarter, missing the consensus estimate of ($0.24) by ($0.07). The company had revenue of $70.50 million during the quarter, compared to the consensus estimate of $83.91 million. Fathom had a negative net margin of 7.16% and a negative return on equity of 43.82%. During the same quarter in the prior year, the company posted ($0.36) earnings per share. Analysts forecast that Fathom will post -0.87 earnings per share for the current year.

Fathom Company Profile

(Get Free Report)

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.

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