Fathom (NASDAQ:FTHM) Issues Earnings Results

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

Fathom Stock Up 6.0%

FTHM traded up $0.04 during trading on Thursday, hitting $0.74. The company had a trading volume of 56,595 shares, compared to its average volume of 822,277. The company has a market capitalization of $24.45 million, a PE ratio of -1.00 and a beta of 2.21. Fathom has a one year low of $0.40 and a one year high of $3.37. The firm’s 50-day moving average price is $0.85 and its 200 day moving average price is $0.85. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.17.

Institutional Trading of Fathom

Several hedge funds and other institutional investors have recently modified their holdings of the company. Veradace Capital Management LLC bought a new position in Fathom in the fourth quarter valued at $459,000. Vanguard Group Inc. increased its stake in Fathom by 73.2% in the 3rd quarter. Vanguard Group Inc. now owns 784,003 shares of the company’s stock valued at $1,411,000 after buying an additional 331,316 shares during the last quarter. Virtu Financial LLC bought a new stake in Fathom during the 3rd quarter worth about $61,000. Geode Capital Management LLC lifted its position in Fathom by 18.8% during the 4th quarter. Geode Capital Management LLC now owns 206,242 shares of the company’s stock worth $208,000 after buying an additional 32,569 shares in the last quarter. Finally, XTX Topco Ltd boosted its stake in shares of Fathom by 27.9% during the 4th quarter. XTX Topco Ltd now owns 63,748 shares of the company’s stock worth $64,000 after buying an additional 13,911 shares during the last quarter. Institutional investors and hedge funds own 55.49% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.