Fathom (NASDAQ:FTHM) Stock Price Down 2.8% - Time to Sell?

Key Points

• Fathom Holdings Inc. (NASDAQ:FTHM) stock has dropped 2.8% recently, trading as low as $1.66, with a significant decrease in trading volume.
• Analysts have mixed ratings on the stock, with Weiss Ratings assigning a "sell (d-)" rating while Roth Capital maintained a "buy" rating, leading to a consensus rating of "Hold."
• Recent insider activity includes major shareholder Joshua Harley selling 81,691 shares at an average price of $1.59, reducing his ownership by 2.47%.

Fathom Holdings Inc. (NASDAQ:FTHM - Get Free Report) shares traded down 2.8% during trading on Monday . The company traded as low as $1.66 and last traded at $1.75. 319,412 shares changed hands during trading, a decline of 62% from the average session volume of 848,377 shares. The stock had previously closed at $1.80.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Fathom in a research note on Saturday, September 27th. Roth Capital reissued a "buy" rating on shares of Fathom in a research note on Wednesday, August 13th. Finally, Wall Street Zen raised Fathom to a "hold" rating in a research note on Saturday, September 13th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold".

Fathom Stock Performance

The firm has a 50 day moving average of $1.78 and a 200-day moving average of $1.32. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.21. The company has a market cap of $55.77 million, a P/E ratio of -1.65 and a beta of 1.82.

Insiders Place Their Bets

In other Fathom news, major shareholder Joshua Harley sold 81,691 shares of the company's stock in a transaction on Tuesday, July 22nd. The stock was sold at an average price of $1.59, for a total transaction of $129,888.69. Following the completion of the sale, the insider owned 3,228,901 shares in the company, valued at $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 is available at the SEC website. Insiders sold a total of 201,100 shares of company stock worth $295,550 in the last ninety days. 16.40% of the stock is owned by corporate insiders.

Institutional Trading of Fathom

A hedge fund recently raised its stake in Fathom stock. AMG National Trust Bank boosted its stake in shares of Fathom Holdings Inc. (NASDAQ:FTHM - Free Report) by 201.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 207,590 shares of the company's stock after buying an additional 138,773 shares during the period. AMG National Trust Bank owned 0.76% of Fathom worth $183,000 as of its most recent filing with the Securities & Exchange Commission. 55.49% of the stock is owned by institutional investors and hedge funds.

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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