Fathom (NASDAQ:FTHM) Announces Earnings Results

Fathom (NASDAQ:FTHM) announced its quarterly earnings results on Thursday. The company reported ($0.25) earnings per share (EPS) for the quarter, Zacks reports. Fathom had a negative return on equity of 49.25% and a negative net margin of 4.83%.

Fathom Stock Performance

FTHM traded down $0.04 on Thursday, hitting $0.93. 60,273 shares of the company traded hands, compared to its average volume of 924,946. The company has a 50 day moving average of $0.78 and a 200-day moving average of $0.90. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.09. The stock has a market capitalization of $30.33 million, a PE ratio of -1.27 and a beta of 2.17. Fathom has a 12-month low of $0.40 and a 12-month high of $3.37.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Fathom in a research report on Wednesday, June 24th. One research analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $2.50.

Institutional Investors Weigh In On Fathom

Several large investors have recently modified their holdings of the stock. Virtu Financial LLC acquired a new stake in shares of Fathom during the third quarter worth $61,000. XTX Topco Ltd increased its stake in Fathom by 27.9% in the 4th quarter. XTX Topco Ltd now owns 63,748 shares of the company’s stock valued at $64,000 after buying an additional 13,911 shares during the period. Geode Capital Management LLC raised 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 during the last quarter. Veradace Capital Management LLC purchased a new stake in shares of Fathom in the fourth quarter valued at about $459,000. Finally, Vanguard Group Inc. boosted its holdings in shares of 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 acquiring an additional 331,316 shares in the last quarter. 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.