Fathom (NASDAQ:FTHM) Shares Up 75.4% – Still a Buy?

Fathom Holdings Inc. (NASDAQ:FTHM)’s stock price was up 75.4% on Wednesday . The stock traded as high as $1.43 and last traded at $1.11. 74,056,887 shares were traded during mid-day trading, an increase of 8,300% from the average daily volume of 881,676 shares. The stock had previously closed at $0.6330.

Fathom Price Performance

The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.06 and a current ratio of 1.06. The stock has a market capitalization of $35.07 million, a price-to-earnings ratio of -1.47 and a beta of 2.32. The business’s 50 day simple moving average is $0.74 and its 200-day simple moving average is $0.92.

Fathom (NASDAQ:FTHM) last announced its quarterly earnings results on Monday, March 30th. The company reported ($0.21) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.10). The firm had revenue of $90.61 million during the quarter, compared to analyst estimates of $97.55 million. Fathom had a negative net margin of 4.83% and a negative return on equity of 49.25%. Research analysts anticipate that Fathom Holdings Inc. will post -0.31 earnings per share for the current year.

Institutional Trading of Fathom

Several hedge funds have recently added to or reduced their stakes in FTHM. ORG Partners LLC bought a new position in Fathom in the 4th quarter valued at about $30,000. Virtu Financial LLC acquired a new stake in shares of Fathom in the 3rd quarter worth approximately $61,000. XTX Topco Ltd lifted its stake in shares of Fathom by 27.9% in the 4th quarter. XTX Topco Ltd now owns 63,748 shares of the company’s stock worth $64,000 after acquiring an additional 13,911 shares during the period. Renaissance Technologies LLC lifted its stake in shares of Fathom by 72.9% in the 1st quarter. Renaissance Technologies LLC now owns 147,807 shares of the company’s stock worth $78,000 after acquiring an additional 62,307 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in shares of Fathom by 18.8% in the fourth quarter. Geode Capital Management LLC now owns 206,242 shares of the company’s stock valued at $208,000 after acquiring an additional 32,569 shares in the last quarter. Institutional investors own 55.49% of the company’s stock.

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. The Mortgage segment offers residential loan origination and underwriting services. The Technology segment provides Software as a Service solutions and data mining for third party customers.