Roth Capital Has Bearish Forecast for Fathom FY2024 Earnings

Fathom Holdings Inc. (NASDAQ:FTHM) – Research analysts at Roth Capital reduced their FY2024 earnings per share (EPS) estimates for shares of Fathom in a report released on Monday, March 3rd. Roth Capital analyst D. Aftahi now forecasts that the company will post earnings per share of ($1.14) for the year, down from their prior estimate 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 6.2 %

Shares of NASDAQ:FTHM opened at $0.84 on Thursday. Fathom has a 12-month low of $0.84 and a 12-month high of $3.37. The business’s fifty day simple moving average is $1.29 and its 200-day simple moving average is $1.99. The company has a market capitalization of $18.91 million, a PE ratio of -0.65 and a beta of 1.96. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.19.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Virtu Financial LLC purchased a new position in Fathom during the 3rd quarter worth $44,000. Prudential Financial Inc. purchased a new position in Fathom during the 4th quarter worth $28,000. Raymond James Financial Inc. purchased a new position in Fathom during the 4th quarter worth $32,000. Millennium Management LLC grew its stake in Fathom by 54.4% during the 4th quarter. Millennium Management LLC now owns 33,911 shares of the company’s stock worth $52,000 after buying an additional 11,949 shares during the last quarter. Finally, Requisite Capital Management LLC purchased a new position in Fathom during the 4th quarter worth $59,000. 55.49% of the stock is currently owned by hedge funds and other institutional investors.

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.