Fathom (NASDAQ:FTHM) Issues Quarterly Earnings Results

Fathom (NASDAQ:FTHM) released its earnings results on Friday. The company reported ($0.64) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.57), FiscalAI reports. Fathom had a negative return on equity of 75.89% and a negative net margin of 6.27%. The company had revenue of $88.63 million during the quarter, compared to analysts’ expectations of $128.19 million.

Fathom Stock Performance

NASDAQ:FTHM traded down $0.02 during trading hours on Friday, reaching $0.12. The company had a trading volume of 203,413 shares, compared to its average volume of 947,450. The firm has a market cap of $4.28 million, a price-to-earnings ratio of -0.16 and a beta of 2.41. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.12. The firm’s 50 day moving average price is $0.33 and its 200-day moving average price is $0.71. Fathom has a 52 week low of $0.13 and a 52 week high of $1.52.

Wall Street Analyst Weigh In

Separately, Weiss Ratings downgraded shares of Fathom from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, October 2nd. One analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $2.50.

Fathom Company Profile

Fathom Holdings Inc. is a technology-driven real estate services company that operates primarily through its Fathom Realty brokerage. The company provides residential real estate brokerage services through a network of independent agents who assist clients with buying, selling and leasing properties. Fathom Realty supports its agents with a cloud-based platform that includes transaction management, marketing, lead generation, training and other business tools. The company has also expanded its offerings into related real estate services, including title and settlement services, insurance and technology solutions designed to support real estate professionals and consumers.