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

Fathom (NASDAQ:FTHM) posted its earnings results on Wednesday. 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 net margin of 5.53% and a negative return on equity of 60.55%. The company had revenue of $114.61 million during the quarter, compared to the consensus estimate of $127.02 million.

Fathom Stock Up 6.0%

Shares of Fathom stock opened at $0.74 on Friday. The business has a 50-day moving average price of $0.85 and a 200 day moving average price of $0.85. Fathom has a fifty-two week low of $0.40 and a fifty-two week high of $3.37. The firm has a market cap of $24.45 million, a P/E ratio of -1.00 and a beta of 2.21. 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

A number of hedge funds have recently modified their holdings of FTHM. Vanguard Group Inc. grew its position in shares of Fathom by 73.2% during the 3rd quarter. Vanguard Group Inc. now owns 784,003 shares of the company’s stock worth $1,411,000 after buying an additional 331,316 shares during the period. Veradace Capital Management LLC bought a new position in Fathom in the fourth quarter valued at $459,000. Geode Capital Management LLC boosted its stake in Fathom by 18.8% during the fourth quarter. Geode Capital Management LLC now owns 206,242 shares of the company’s stock worth $208,000 after acquiring an additional 32,569 shares in the last quarter. XTX Topco Ltd raised its position in Fathom by 27.9% in 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. Finally, Virtu Financial LLC bought a new position in Fathom during the third quarter valued at approximately $61,000. Institutional investors own 55.49% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded Fathom from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Fathom presently 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.