Fathom (NASDAQ:FTHM) Announces Quarterly Earnings Results, Misses Estimates By $0.05 EPS

Fathom (NASDAQ:FTHM) announced its quarterly earnings results on Tuesday. The company reported ($0.15) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.05), Zacks reports. Fathom had a negative net margin of 4.70% and a negative return on equity of 46.11%. The firm had revenue of ($0.11) million for the quarter, compared to analysts’ expectations of $102.12 million.

Fathom Stock Down 17.4%

FTHM stock opened at $1.23 on Thursday. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.21. Fathom has a 52 week low of $0.65 and a 52 week high of $3.37. The stock has a market capitalization of $39.20 million, a PE ratio of -1.52 and a beta of 1.90. The firm has a 50 day moving average of $1.82 and a 200 day moving average of $1.46.

Analyst Upgrades and Downgrades

A number of research firms have commented on FTHM. Wall Street Zen raised shares of Fathom to a “hold” rating in a research report on Saturday, September 13th. Roth Capital boosted their price objective on shares of Fathom from $2.00 to $2.50 and gave the stock a “buy” rating in a research note on Monday, October 13th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Fathom in a report on Wednesday, October 8th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Fathom presently has an average rating of “Hold” and an average price target of $2.50.

Institutional Trading of Fathom

An institutional investor recently raised its position in Fathom stock. Vanguard Group Inc. boosted its stake in shares of Fathom Holdings Inc. (NASDAQ:FTHM) by 73.2% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 784,003 shares of the company’s stock after purchasing an additional 331,316 shares during the period. Vanguard Group Inc. owned approximately 2.46% of Fathom worth $1,411,000 at the end of the most recent quarter. Institutional investors 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.