Fathom (NASDAQ:FTHM) Releases Quarterly Earnings Results

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

Fathom Price Performance

FTHM traded down $0.04 on Thursday, hitting $0.93. 60,274 shares of the company were exchanged, compared to its average volume of 924,872. Fathom has a fifty-two week low of $0.40 and a fifty-two week high of $3.37. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.06 and a current ratio of 1.06. The firm has a market capitalization of $30.33 million, a P/E ratio of -1.27 and a beta of 2.17. The business’s fifty day moving average is $0.78 and its 200 day moving average is $0.90.

Institutional Investors Weigh In On Fathom

A number of institutional investors and hedge funds have recently modified their holdings of FTHM. Veradace Capital Management LLC purchased a new position in shares of Fathom in the fourth quarter valued at $459,000. Vanguard Group Inc. boosted its position in shares of Fathom by 73.2% in 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 in the last quarter. Virtu Financial LLC acquired a new stake in Fathom in the 3rd quarter valued at about $61,000. Geode Capital Management LLC grew its stake in Fathom by 18.8% in the 4th quarter. Geode Capital Management LLC now owns 206,242 shares of the company’s stock valued at $208,000 after acquiring an additional 32,569 shares during the last quarter. Finally, XTX Topco Ltd increased 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 acquiring an additional 13,911 shares in the last quarter. Institutional investors and hedge funds own 55.49% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Fathom in a research note on Wednesday, June 24th. 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 MarketBeat, Fathom has an average rating of “Moderate Buy” and a consensus 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.