Fathom (FTHM) Set to Announce Quarterly Earnings on Thursday

Fathom (NASDAQ:FTHMGet Rating) will be issuing its quarterly earnings data after the market closes on Thursday, August 4th. Analysts expect the company to announce earnings of ($0.27) per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Fathom (NASDAQ:FTHMGet Rating) last released its quarterly earnings data on Wednesday, May 4th. The company reported ($0.37) EPS for the quarter, beating analysts’ consensus estimates of ($0.40) by $0.03. Fathom had a negative return on equity of 22.96% and a negative net margin of 4.07%. The business had revenue of $90.08 million during the quarter, compared to the consensus estimate of $77.55 million. During the same quarter in the prior year, the company posted ($0.25) earnings per share. On average, analysts expect Fathom to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Fathom Stock Up 3.3 %

Shares of Fathom stock opened at $6.20 on Thursday. Fathom has a 1 year low of $5.90 and a 1 year high of $34.22. The business has a 50-day moving average of $8.30 and a two-hundred day moving average of $10.44. The company has a market capitalization of $108.08 million, a P/E ratio of -6.20 and a beta of 2.46. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.29 and a quick ratio of 2.29.

Insiders Place Their Bets

In other news, CFO Marco Fregenal acquired 20,000 shares of the firm’s stock in a transaction that occurred on Monday, June 13th. The stock was acquired at an average cost of $9.12 per share, for a total transaction of $182,400.00. Following the completion of the acquisition, the chief financial officer now owns 1,166,080 shares in the company, valued at $10,634,649.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 57.39% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Engineers Gate Manager LP bought a new position in shares of Fathom during the first quarter worth about $114,000. Northern Trust Corp grew its holdings in shares of Fathom by 8.2% during the first quarter. Northern Trust Corp now owns 54,576 shares of the company’s stock worth $584,000 after buying an additional 4,158 shares in the last quarter. State Street Corp boosted its position in Fathom by 16.2% during the first quarter. State Street Corp now owns 98,077 shares of the company’s stock valued at $1,049,000 after purchasing an additional 13,639 shares during the last quarter. Prelude Capital Management LLC boosted its position in Fathom by 11.6% during the first quarter. Prelude Capital Management LLC now owns 112,880 shares of the company’s stock valued at $1,208,000 after purchasing an additional 11,695 shares during the last quarter. Finally, Vanguard Group Inc. boosted its position in Fathom by 8.7% during the first quarter. Vanguard Group Inc. now owns 351,424 shares of the company’s stock valued at $3,761,000 after purchasing an additional 28,146 shares during the last quarter. 14.23% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Stephens started coverage on Fathom in a report on Monday, July 18th. They issued an “overweight” rating and a $14.00 price target for the company.

Fathom Company Profile

(Get Rating)

Fathom Holdings Inc provides cloud-based real estate brokerage services in the South, Atlantic, Southwest, and Western parts of the United States. It operates through three segments: Real Estate Brokerage, Mortgage, and Technology. The Real Estate Brokerage segment provides real estate brokerage services.

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Earnings History for Fathom (NASDAQ:FTHM)

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