Roth Capital Has Negative Outlook of Fathom FY2024 Earnings

Fathom Holdings Inc. (NASDAQ:FTHM) – Equities research analysts at Roth Capital lowered their FY2024 EPS estimates for Fathom in a report released on Monday, March 3rd. Roth Capital analyst D. Aftahi now anticipates that the company will earn ($1.14) per share for the year, down from their previous forecast of ($1.03). The consensus estimate for Fathom’s current full-year earnings is ($1.03) per share. Roth Capital also issued estimates for Fathom’s Q4 2024 earnings at ($0.33) EPS, Q3 2025 earnings at ($0.13) EPS, FY2025 earnings at ($0.63) EPS and FY2026 earnings at ($0.51) EPS.

Fathom Trading Down 1.0 %

Shares of Fathom stock opened at $0.89 on Thursday. The firm has a market cap of $20.15 million, a price-to-earnings ratio of -0.70 and a beta of 1.96. Fathom has a 52-week low of $0.88 and a 52-week high of $3.37. The company’s 50-day simple moving average is $1.30 and its 200-day simple moving average is $2.00. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.19.

Institutional Trading of Fathom

Several large investors have recently bought and sold shares of FTHM. Sovereign s Capital Management LLC purchased a new stake in Fathom in the 4th quarter worth approximately $284,000. Geode Capital Management LLC boosted its holdings in Fathom by 13.5% in the 4th quarter. Geode Capital Management LLC now owns 132,579 shares of the company’s stock worth $203,000 after acquiring an additional 15,763 shares during the period. JB Capital Partners LP increased its stake in Fathom by 24.1% during the 3rd quarter. JB Capital Partners LP now owns 69,882 shares of the company’s stock worth $181,000 after buying an additional 13,582 shares during the period. AMG National Trust Bank grew its position in shares of Fathom by 41.0% during the fourth quarter. AMG National Trust Bank now owns 68,817 shares of the company’s stock worth $107,000 after buying an additional 20,000 shares in the last quarter. Finally, Northern Trust Corp lifted its position in shares of Fathom by 59.8% during the fourth quarter. Northern Trust Corp now owns 57,002 shares of the company’s stock worth $87,000 after purchasing an additional 21,328 shares during the last quarter. Institutional investors and hedge funds own 55.49% of the company’s stock.

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.