Fathom (NASDAQ:FTHM) Releases Quarterly Earnings Results

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

Fathom Stock Performance

Shares of FTHM stock opened at $0.93 on Friday. The stock has a market cap of $30.33 million, a P/E ratio of -1.27 and a beta of 2.17. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.06 and a quick ratio of 1.06. Fathom has a one year low of $0.40 and a one year high of $3.37. The company has a fifty day moving average price of $0.78 and a two-hundred day moving average price of $0.90.

Hedge Funds Weigh In On Fathom

Several institutional investors have recently added to or reduced their stakes in the business. Veradace Capital Management LLC bought a new position in shares of Fathom in the fourth quarter valued at approximately $459,000. XTX Topco Ltd grew its stake in Fathom by 27.9% during the fourth 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. Geode Capital Management LLC lifted 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 worth $208,000 after purchasing an additional 32,569 shares in the last quarter. Virtu Financial LLC purchased a new position in Fathom in the 3rd quarter worth approximately $61,000. Finally, Vanguard Group Inc. grew its position in Fathom by 73.2% during 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 during the last quarter. 55.49% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised shares of Fathom from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Fathom currently has a consensus rating of “Moderate Buy” and an average target price of $2.50.

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.