Fathom (NASDAQ:FTHM) Releases Earnings Results, Misses Expectations By $0.18 EPS

Fathom (NASDAQ:FTHM) posted its quarterly earnings results on Thursday. The company reported ($0.19) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.18), FiscalAI reports. Fathom had a negative return on equity of 60.55% and a negative net margin of 5.53%.The business had revenue of $114.61 million for the quarter, compared to the consensus estimate of $127.02 million.

Fathom Trading Up 6.0%

FTHM traded up $0.04 during midday trading on Thursday, reaching $0.74. 56,595 shares of the company were exchanged, compared to its average volume of 822,277. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.91 and a current ratio of 0.91. Fathom has a one year low of $0.40 and a one year high of $3.37. The stock has a market capitalization of $24.45 million, a P/E ratio of -1.00 and a beta of 2.21. The stock’s 50-day simple moving average is $0.85 and its 200 day simple moving average is $0.85.

Institutional Trading of Fathom

A number of institutional investors and hedge funds have recently modified their holdings of FTHM. Veradace Capital Management LLC acquired a new position in Fathom during the fourth quarter valued at approximately $459,000. Geode Capital Management LLC raised its holdings in Fathom by 18.8% in the fourth quarter. Geode Capital Management LLC now owns 206,242 shares of the company’s stock worth $208,000 after purchasing an additional 32,569 shares during the period. Vanguard Group Inc. raised its holdings in Fathom by 73.2% in the third quarter. Vanguard Group Inc. now owns 784,003 shares of the company’s stock worth $1,411,000 after purchasing an additional 331,316 shares during the period. XTX Topco Ltd boosted its position in shares of Fathom by 27.9% during the fourth quarter. XTX Topco Ltd now owns 63,748 shares of the company’s stock worth $64,000 after purchasing an additional 13,911 shares in the last quarter. Finally, Virtu Financial LLC bought a new position in shares of Fathom during the third quarter worth $61,000. 55.49% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, Weiss Ratings raised shares of Fathom from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $2.50.

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. 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.