Fathom Holdings Inc. (NASDAQ:FTHM) Sees Large Increase in Short Interest

Fathom Holdings Inc. (NASDAQ:FTHM) saw a significant growth in short interest during the month of September. As of September 15th, there was short interest totalling 259,000 shares, a growth of 11.1% from the August 31st total of 233,200 shares. Based on an average daily volume of 65,800 shares, the days-to-cover ratio is currently 3.9 days. Currently, 2.1% of the company’s shares are short sold.

Analysts Set New Price Targets

Separately, Stephens reaffirmed an “overweight” rating and set a $2.50 price target on shares of Fathom in a research report on Tuesday, August 13th.

Fathom Trading Up 14.8 %

Fathom stock traded up $0.34 during mid-day trading on Friday, reaching $2.64. 81,607 shares of the company traded hands, compared to its average volume of 64,977. The firm’s 50 day moving average price is $2.48 and its 200 day moving average price is $1.99. Fathom has a 52-week low of $1.32 and a 52-week high of $4.42. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.52 and a quick ratio of 1.52. The firm has a market capitalization of $55.29 million, a price-to-earnings ratio of -1.86 and a beta of 2.04.

Fathom (NASDAQ:FTHM) last released its quarterly earnings results on Monday, August 12th. The company reported ($0.07) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.14. The company had revenue of $89.21 million during the quarter, compared to the consensus estimate of $87.72 million. Fathom had a negative net margin of 6.46% and a negative return on equity of 39.16%. During the same period in the prior year, the firm earned ($0.27) earnings per share. On average, analysts anticipate that Fathom will post -0.74 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Connective Capital Management LLC grew its stake in Fathom by 50.9% in the second quarter. Connective Capital Management LLC now owns 122,673 shares of the company’s stock worth $211,000 after purchasing an additional 41,380 shares during the period. XTX Topco Ltd bought a new stake in shares of Fathom during the 2nd quarter valued at $32,000. Renaissance Technologies LLC grew its position in shares of Fathom by 31.3% in the 2nd quarter. Renaissance Technologies LLC now owns 49,100 shares of the company’s stock worth $84,000 after buying an additional 11,700 shares during the period. AMG National Trust Bank increased its stake in shares of Fathom by 159.4% in the 2nd quarter. AMG National Trust Bank now owns 48,817 shares of the company’s stock worth $84,000 after acquiring an additional 30,000 shares in the last quarter. Finally, Virtu Financial LLC purchased a new position in Fathom during the 1st quarter valued at about $38,000. Hedge funds and other institutional investors own 55.49% of the company’s stock.

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.