Fathom Holdings Inc. (NASDAQ:FTHM) Stock Short Interest Report for October

Fathom Holdings Inc. (NASDAQ:FTHM) was the target of a significant decline in short interest in the month of October. As of October 15th, there was short interest totaling 690,967 shares, a decline of 40.3% from the September 30th total of 1,158,352 shares. Currently, 2.4% of the shares of the company are short sold. Based on an average daily volume of 1,035,960 shares, the short-interest ratio is currently 0.7 days.

Fathom Price Performance

Shares of NASDAQ FTHM traded down $0.00 during midday trading on Friday, hitting $0.18. 311,392 shares of the company’s stock were exchanged, compared to its average volume of 591,739. The business’s fifty day moving average price is $0.43 and its two-hundred day moving average price is $0.76. Fathom has a 12-month low of $0.17 and a 12-month high of $1.52. The company has a market cap of $6.12 million, a price-to-earnings ratio of -0.22 and a beta of 2.25. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.12.

Fathom (NASDAQ:FTHM) last posted its quarterly earnings results on Thursday, August 13th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.18). Fathom had a negative return on equity of 75.89% and a negative net margin of 6.27%. The company had revenue of $114.61 million during the quarter, compared to analysts’ expectations of $127.02 million.

Institutional Investors Weigh In On Fathom

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vazirani Asset Management LLC acquired a new stake in Fathom during the 2nd quarter worth $398,217. FNY Investment Advisers LLC acquired a new stake in Fathom in the 2nd quarter valued at $285,000. AMG National Trust Bank acquired a new stake in shares of Fathom during the second quarter valued at about $210,000. North Star Asset Management Inc. bought a new position in Fathom in the second quarter worth about $206,000. Finally, Renaissance Technologies LLC increased its stake in Fathom by 72.9% during the 1st 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 during the period. Hedge funds and other institutional investors own 55.49% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings cut shares of Fathom from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, October 2nd. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $2.50.

Fathom Company Profile

Fathom Holdings Inc is a technology-driven real estate services company that operates primarily through its Fathom Realty brokerage. The company provides residential real estate brokerage services through a network of independent agents who assist clients with buying, selling and leasing properties.

Fathom Realty supports its agents with a cloud-based platform that includes transaction management, marketing, lead generation, training and other business tools. The company has also expanded its offerings into related real estate services, including title and settlement services, insurance and technology solutions designed to support real estate professionals and consumers.

Founded in 2010 and headquartered in Cary, North Carolina, Fathom serves markets across the United States.