Fathom (NASDAQ:FTHM) Posts Quarterly Earnings Results, Misses Estimates By $0.18 EPS

Fathom (NASDAQ:FTHM) issued its earnings results on Thursday. The company reported ($0.19) earnings per share for the quarter, missing the consensus estimate 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 firm had revenue of $114.61 million during the quarter, compared to analysts’ expectations of $127.02 million.

Fathom Stock Up 6.0%

Shares of FTHM traded up $0.04 during midday trading on Thursday, reaching $0.74. 56,597 shares of the company were exchanged, compared to its average volume of 822,300. Fathom has a 1-year low of $0.40 and a 1-year high of $3.37. The stock has a 50-day moving average price of $0.85 and a 200-day moving average price of $0.85. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.17. The company has a market cap of $24.45 million, a price-to-earnings ratio of -1.00 and a beta of 2.21.

Analysts Set New Price Targets

Separately, Weiss Ratings raised Fathom from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, July 15th. One equities research 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, the company currently has a consensus rating of “Moderate Buy” and an average price target of $2.50.

Institutional Trading of Fathom

A number of hedge funds have recently made changes to their positions in the company. Veradace Capital Management LLC acquired a new position in shares of Fathom during the fourth quarter worth $459,000. XTX Topco Ltd grew its holdings in Fathom by 27.9% during the 4th quarter. XTX Topco Ltd now owns 63,748 shares of the company’s stock valued at $64,000 after purchasing an additional 13,911 shares in the last quarter. Geode Capital Management LLC grew its holdings in Fathom by 18.8% during the 4th quarter. Geode Capital Management LLC now owns 206,242 shares of the company’s stock valued at $208,000 after purchasing an additional 32,569 shares in the last quarter. Virtu Financial LLC purchased a new stake in Fathom during the 3rd quarter worth $61,000. Finally, Vanguard Group Inc. increased its stake in 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. Hedge funds and other institutional investors own 55.49% of the company’s stock.

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.