Renaissance Technologies LLC Purchases 11,700 Shares of Fathom Holdings Inc. (NASDAQ:FTHM)

Renaissance Technologies LLC boosted its position in shares of Fathom Holdings Inc. (NASDAQ:FTHM) by 31.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 49,100 shares of the company’s stock after acquiring an additional 11,700 shares during the period. Renaissance Technologies LLC owned approximately 0.23% of Fathom worth $84,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Virtu Financial LLC bought a new position in Fathom during the first quarter valued at about $38,000. AMG National Trust Bank increased its stake in Fathom by 159.4% during the second quarter. AMG National Trust Bank now owns 48,817 shares of the company’s stock valued at $84,000 after acquiring an additional 30,000 shares during the period. Finally, Connective Capital Management LLC bought a new position in Fathom during the first quarter valued at about $162,000. 55.49% of the stock is currently owned by institutional investors.

Fathom Trading Up 1.1 %

FTHM stock opened at $2.65 on Tuesday. Fathom Holdings Inc. has a 1-year low of $1.32 and a 1-year high of $4.33. The firm has a market cap of $55.50 million, a P/E ratio of -1.87 and a beta of 2.04. The business’s 50 day moving average is $2.62 and its 200-day moving average is $2.04. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 0.08.

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

Wall Street Analyst Weigh In

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

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.