Fathom Holdings Inc. (NASDAQ:FTHM – Get Free Report) was the recipient of a large decline in short interest in September. As of September 30th, there was short interest totalling 218,400 shares, a decline of 15.7% from the September 15th total of 259,000 shares. Currently, 1.8% of the company’s stock are sold short. Based on an average trading volume of 65,400 shares, the short-interest ratio is presently 3.3 days.
Wall Street Analysts Forecast Growth
Separately, Stephens reiterated an “overweight” rating and issued a $2.50 price target on shares of Fathom in a research note on Tuesday, August 13th.
Check Out Our Latest Research Report on FTHM
Institutional Trading of Fathom
Fathom Stock Up 1.1 %
Shares of NASDAQ:FTHM traded up $0.03 during midday trading on Monday, hitting $2.65. The stock had a trading volume of 50,752 shares, compared to its average volume of 63,256. The company has a market cap of $55.50 million, a P/E ratio of -1.87 and a beta of 2.04. Fathom has a 12 month low of $1.32 and a 12 month high of $4.33. The business’s 50-day simple moving average is $2.61 and its 200-day simple moving average is $2.04. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 0.08.
Fathom (NASDAQ:FTHM – Get Free Report) last released its quarterly earnings data on Monday, August 12th. The company reported ($0.07) earnings per share for the quarter, topping the consensus estimate of ($0.21) by $0.14. Fathom had a negative net margin of 6.46% and a negative return on equity of 39.16%. The company had revenue of $89.21 million for the quarter, compared to analyst estimates of $87.72 million. During the same period in the previous year, the business earned ($0.27) EPS. On average, sell-side analysts forecast that Fathom will post -0.74 earnings per share for the current fiscal year.
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.
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