Short Interest in Fathom Holdings Inc. (NASDAQ:FTHM) Decreases By 5.4%

Fathom Holdings Inc. (NASDAQ:FTHM) saw a large drop in short interest during the month of June. As of June 15th, there was short interest totalling 232,200 shares, a drop of 5.4% from the May 31st total of 245,400 shares. Approximately 1.8% of the shares of the stock are sold short. Based on an average daily volume of 75,500 shares, the short-interest ratio is presently 3.1 days.

Insider Activity

In related news, Director Scott N. Flanders bought 25,000 shares of the company’s stock in a transaction dated Wednesday, May 15th. The stock was purchased at an average price of $1.49 per share, with a total value of $37,250.00. Following the completion of the acquisition, the director now owns 521,100 shares of the company’s stock, valued at $776,439. The purchase was disclosed in a document filed with the SEC, which is available through this link. In other news, Director Scott N. Flanders acquired 15,832 shares of Fathom stock in a transaction that occurred on Friday, June 7th. The shares were acquired at an average price of $1.89 per share, for a total transaction of $29,922.48. Following the transaction, the director now directly owns 671,210 shares of the company’s stock, valued at approximately $1,268,586.90. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Scott N. Flanders bought 25,000 shares of the company’s stock in a transaction on Wednesday, May 15th. The stock was purchased at an average price of $1.49 per share, with a total value of $37,250.00. Following the completion of the transaction, the director now directly owns 521,100 shares of the company’s stock, valued at approximately $776,439. The disclosure for this purchase can be found here. In the last quarter, insiders have acquired 137,219 shares of company stock worth $229,414. Insiders own 46.60% of the company’s stock.

Hedge Funds Weigh In On Fathom

Several institutional investors have recently made changes to their positions in FTHM. Cannell Capital LLC grew its position in Fathom by 6.3% in the 4th quarter. Cannell Capital LLC now owns 1,644,578 shares of the company’s stock valued at $5,904,000 after purchasing an additional 97,697 shares during the period. Skylands Capital LLC grew its holdings in shares of Fathom by 29.1% during the fourth quarter. Skylands Capital LLC now owns 192,236 shares of the company’s stock valued at $690,000 after buying an additional 43,383 shares during the last quarter. Connective Capital Management LLC bought a new stake in shares of Fathom during the first quarter worth about $162,000. Beacon Pointe Advisors LLC acquired a new stake in shares of Fathom in the 4th quarter worth about $180,000. Finally, Virtu Financial LLC bought a new position in Fathom in the 1st quarter valued at about $38,000. Institutional investors and hedge funds own 55.49% of the company’s stock.

Fathom Trading Up 9.3 %

Fathom stock traded up $0.15 during mid-day trading on Wednesday, hitting $1.76. 13,516 shares of the stock were exchanged, compared to its average volume of 63,486. The firm’s fifty day simple moving average is $1.63 and its two-hundred day simple moving average is $2.29. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.16. Fathom has a 12 month low of $1.32 and a 12 month high of $8.20. The stock has a market capitalization of $36.70 million, a price-to-earnings ratio of -1.24 and a beta of 2.03.

Fathom (NASDAQ:FTHM) last issued its quarterly earnings results on Thursday, May 9th. The company reported ($0.31) EPS for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.07). Fathom had a negative net margin of 7.16% and a negative return on equity of 43.82%. The firm had revenue of $70.50 million for the quarter, compared to the consensus estimate of $83.91 million. During the same period last year, the company posted ($0.36) EPS. Analysts forecast that Fathom will post -0.87 EPS for the current year.

Analysts Set New Price Targets

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

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.