Fathom (NASDAQ:FTHM) Trading Down 5.6% – Time to Sell?

Fathom Holdings Inc. (NASDAQ:FTHM) was down 5.6% on Wednesday . The stock traded as low as $0.5220 and last traded at $0.5279. 24,417 shares traded hands during mid-day trading, a decline of 65% from the average daily volume of 69,827 shares. The stock had previously closed at $0.5590.

Analysts Set New Price Targets

Separately, Weiss Ratings raised shares of Fathom from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, July 15th. One research analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Fathom currently has an average rating of “Moderate Buy” and an average target price of $2.50.

Fathom Stock Performance

The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.12. The stock has a market cap of $18.06 million, a price-to-earnings ratio of -0.66 and a beta of 2.17. The stock’s fifty day moving average is $0.71 and its 200-day moving average is $0.77.

Fathom (NASDAQ:FTHM) last announced its quarterly earnings results on Thursday, July 16th. The company reported ($0.25) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.20). Fathom had a negative return on equity of 75.89% and a negative net margin of 6.27%.The firm had revenue of $86.40 million for the quarter, compared to the consensus estimate of $93.70 million.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Requisite Capital Management LLC bought a new position in shares of Fathom during the 2nd quarter valued at about $39,000. BlackRock Inc. bought a new stake in Fathom during the 2nd quarter worth approximately $44,000. JB Capital Partners LP bought a new stake in Fathom during the 2nd quarter worth approximately $70,581. Renaissance Technologies LLC raised its holdings in Fathom by 72.9% during the 1st quarter. Renaissance Technologies LLC now owns 147,807 shares of the company’s stock worth $78,000 after buying an additional 62,307 shares during the period. Finally, Concurrent Investment Advisors LLC acquired a new stake in Fathom during the 2nd quarter worth approximately $82,000. 55.49% of the stock is owned by institutional investors and hedge funds.

About Fathom

Fathom Holdings Inc is a technology-driven real estate services company headquartered in Cary, North Carolina. Through its operating businesses, the company provides residential real estate brokerage, title and settlement services, insurance, and technology solutions intended to support real estate professionals and their clients.

Fathom Realty is the company’s principal business and operates as a residential real estate brokerage. Its platform is designed to help independent agents manage transactions, marketing, communication, and other aspects of their businesses.