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

by · The Markets Daily

Fathom (NASDAQ:FTHM – Get Free Report) announced its quarterly earnings data on Wednesday. The company reported ($0.19) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.18), FiscalAI reports. The firm had revenue of $114.61 million for the quarter, compared to analyst estimates of $127.02 million. Fathom had a negative return on equity of 60.55% and a negative net margin of 5.53%.

Fathom Trading Up 6.0%

Shares of FTHM opened at $0.74 on Friday. The stock has a fifty day moving average price of $0.85 and a two-hundred day moving average price of $0.85. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.91 and a current ratio of 0.91. Fathom has a 52-week low of $0.40 and a 52-week high of $3.37. The company has a market cap of $24.45 million, a price-to-earnings ratio of -1.00 and a beta of 2.21.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of FTHM. Veradace Capital Management LLC acquired a new position in shares of Fathom during the fourth quarter valued at $459,000. Geode Capital Management LLC boosted its stake 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 acquiring an additional 32,569 shares during the last quarter. Vanguard Group Inc. increased its stake in Fathom by 73.2% in the third quarter. Vanguard Group Inc. now owns 784,003 shares of the company’s stock valued at $1,411,000 after purchasing an additional 331,316 shares in the last quarter. XTX Topco Ltd increased its stake in Fathom by 27.9% in the fourth 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. Finally, Virtu Financial LLC acquired a new stake in Fathom in the third quarter worth $61,000. Institutional investors and hedge funds own 55.49% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised shares of Fathom from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, July 15th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, Fathom currently has a consensus rating of “Moderate Buy” and an average target price of $2.50.

Check Out Our Latest Stock Report on Fathom

Fathom Company Profile

(Get Free Report)

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.

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