Fathom (NASDAQ:FTHM) Releases Earnings Results, Misses Expectations By $0.57 EPS

Fathom (NASDAQ:FTHM) released its earnings results on Friday. The company reported ($0.64) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.57), FiscalAI reports. Fathom had a negative net margin of 6.27% and a negative return on equity of 75.89%. The company had revenue of $88.63 million during the quarter, compared to analyst estimates of $128.19 million.

Fathom Stock Performance

FTHM stock traded down $0.06 during trading hours on Friday, reaching $0.09. The stock had a trading volume of 250,107 shares, compared to its average volume of 947,866. The stock has a market capitalization of $2.99 million, a PE ratio of -0.11 and a beta of 2.41. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.77 and a quick ratio of 0.77. The stock has a 50-day simple moving average of $0.33 and a 200 day simple moving average of $0.71. Fathom has a fifty-two week low of $0.12 and a fifty-two week high of $1.52.

Analysts Set New Price Targets

Separately, Weiss Ratings lowered Fathom from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, October 2nd. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Fathom currently has a consensus rating of “Moderate Buy” and a consensus price target of $2.50.

About Fathom

Fathom Holdings Inc. is a technology-driven real estate services company that operates primarily through its Fathom Realty brokerage. The company provides residential real estate brokerage services through a network of independent agents who assist clients with buying, selling and leasing properties. Fathom Realty supports its agents with a cloud-based platform that includes transaction management, marketing, lead generation, training and other business tools. The company has also expanded its offerings into related real estate services, including title and settlement services, insurance and technology solutions designed to support real estate professionals and consumers.