Insider Buying: Fathom Holdings Inc. (NASDAQ:FTHM) Director Buys 20,000 Shares of Stock

Fathom Holdings Inc. (NASDAQ:FTHM) Director Scott N. Flanders purchased 20,000 shares of the stock in a transaction that occurred on Wednesday, November 27th. The shares were bought at an average cost of $1.95 per share, for a total transaction of $39,000.00. Following the acquisition, the director now owns 884,643 shares of the company’s stock, valued at approximately $1,725,053.85. The trade was a 2.31 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Fathom Stock Performance

NASDAQ:FTHM traded up $0.05 during mid-day trading on Monday, reaching $2.01. The stock had a trading volume of 97,534 shares, compared to its average volume of 61,657. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.55 and a current ratio of 1.55. The business has a 50 day simple moving average of $2.37 and a 200 day simple moving average of $2.19. Fathom Holdings Inc. has a twelve month low of $1.32 and a twelve month high of $4.33. The firm has a market capitalization of $45.47 million, a price-to-earnings ratio of -1.53 and a beta of 2.03.

Institutional Trading of Fathom

Institutional investors have recently modified their holdings of the business. Connective Capital Management LLC raised its position in Fathom by 50.9% in the second quarter. Connective Capital Management LLC now owns 122,673 shares of the company’s stock worth $211,000 after acquiring an additional 41,380 shares in the last quarter. AMG National Trust Bank increased its holdings in shares of Fathom by 159.4% in the 2nd quarter. AMG National Trust Bank now owns 48,817 shares of the company’s stock valued at $84,000 after purchasing an additional 30,000 shares in the last quarter. Virtu Financial LLC purchased a new position in shares of Fathom in the 1st quarter valued at about $38,000. XTX Topco Ltd acquired a new stake in shares of Fathom in the second quarter valued at about $32,000. Finally, Geode Capital Management LLC boosted its holdings in Fathom by 18.1% during the third quarter. Geode Capital Management LLC now owns 116,816 shares of the company’s stock worth $303,000 after buying an additional 17,864 shares in the last quarter. 55.49% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Stephens reiterated an “overweight” rating and issued a $2.50 target price on shares of Fathom in a research note on Tuesday, August 13th.

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.