Fathom (NASDAQ:FTHM) Earns Sell (D-) Rating from Weiss Ratings

Key Points

• Fathom's stock has been reaffirmed with a "sell (D-)" rating by Weiss Ratings, with a consensus rating of "Hold" from various analysts.
• The company's stock performance shows a current price of $1.72 with a market capitalization of approximately $54.82 million.
• Recent insider activity includes major shareholder Joshua Harley selling 81,691 shares, reducing his ownership by 2.47%.

Fathom (NASDAQ:FTHM - Get Free Report)'s stock had its "sell (d-)" rating reaffirmed by stock analysts at Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

Several other analysts have also issued reports on the stock. Wall Street Zen upgraded shares of Fathom to a "hold" rating in a research note on Saturday, September 13th. Roth Capital reiterated a "buy" rating on shares of Fathom in a research note on Wednesday, August 13th. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold".

Fathom Stock Performance

FTHM opened at $1.72 on Wednesday. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.21. The company's fifty day moving average price is $1.80 and its two-hundred day moving average price is $1.33. Fathom has a 1-year low of $0.65 and a 1-year high of $3.37. The company has a market cap of $54.82 million, a price-to-earnings ratio of -1.62 and a beta of 1.82.

Insiders Place Their Bets

In related news, major shareholder Joshua Harley sold 81,691 shares of the stock in a transaction dated Tuesday, July 22nd. The shares were sold at an average price of $1.59, for a total transaction of $129,888.69. Following the completion of the transaction, the insider owned 3,228,901 shares in the company, valued at approximately $5,133,952.59. This represents a 2.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold a total of 201,100 shares of company stock worth $295,550 in the last three months. 16.40% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Fathom

A hedge fund recently raised its stake in Fathom stock. AMG National Trust Bank lifted its position in Fathom Holdings Inc. (NASDAQ:FTHM - Free Report) by 201.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 207,590 shares of the company's stock after buying an additional 138,773 shares during the quarter. AMG National Trust Bank owned approximately 0.76% of Fathom worth $183,000 at the end of the most recent quarter. Institutional investors and hedge funds 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.

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