Scott N. Flanders Acquires 25,000 Shares of Fathom Holdings Inc. (NASDAQ:FTHM) Stock

Fathom Holdings Inc. (NASDAQ:FTHMGet Free Report) Director Scott N. Flanders acquired 25,000 shares of Fathom stock in a transaction that occurred on Wednesday, May 22nd. The stock was acquired at an average cost of $1.65 per share, for a total transaction of $41,250.00. Following the purchase, the director now owns 596,335 shares of the company’s stock, valued at $983,952.75. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website.

Fathom Stock Up 5.1 %

Shares of NASDAQ FTHM traded up $0.08 during trading on Thursday, hitting $1.66. 140,135 shares of the company traded hands, compared to its average volume of 63,037. The business’s fifty day moving average is $1.74 and its 200 day moving average is $2.53. Fathom Holdings Inc. has a fifty-two week low of $1.32 and a fifty-two week high of $8.20. The firm has a market capitalization of $34.61 million, a price-to-earnings ratio of -1.18 and a beta of 2.01. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.25 and a current ratio of 1.25.

Fathom (NASDAQ:FTHMGet Free Report) last announced its quarterly earnings data on Thursday, May 9th. The company reported ($0.31) earnings per share for the quarter, missing the consensus estimate of ($0.24) by ($0.07). Fathom had a negative net margin of 7.16% and a negative return on equity of 43.82%. The company had revenue of $70.50 million for the quarter, compared to analyst estimates of $83.91 million. During the same quarter in the prior year, the company posted ($0.36) EPS. Equities research analysts predict that Fathom Holdings Inc. will post -0.87 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Fathom

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Cannell Capital LLC raised its holdings in shares of Fathom by 6.3% in the 4th quarter. Cannell Capital LLC now owns 1,644,578 shares of the company’s stock worth $5,904,000 after acquiring an additional 97,697 shares during the last quarter. Manatuck Hill Partners LLC raised its holdings in shares of Fathom by 3.2% in the 3rd quarter. Manatuck Hill Partners LLC now owns 200,000 shares of the company’s stock worth $816,000 after acquiring an additional 6,150 shares during the last quarter. Skylands Capital LLC grew its position in Fathom by 29.1% in the 4th quarter. Skylands Capital LLC now owns 192,236 shares of the company’s stock worth $690,000 after purchasing an additional 43,383 shares in the last quarter. Connective Capital Management LLC bought a new stake in Fathom in the 1st quarter worth about $162,000. Finally, Beacon Pointe Advisors LLC bought a new stake in Fathom in the 4th quarter worth about $180,000. Institutional investors and hedge funds own 55.49% of the company’s stock.

Analyst Ratings Changes

FTHM has been the topic of several analyst reports. B. Riley reduced their price objective on shares of Fathom from $12.00 to $8.00 and set a “buy” rating on the stock in a research note on Friday, May 10th. DA Davidson reduced their price objective on shares of Fathom from $4.50 to $3.00 and set a “buy” rating on the stock in a research note on Monday, May 13th. Stephens reduced their price objective on shares of Fathom from $4.00 to $2.50 and set an “overweight” rating on the stock in a research note on Friday, May 10th. Finally, Roth Mkm dropped their target price on shares of Fathom from $4.50 to $3.50 and set a “buy” rating on the stock in a report on Friday, May 10th.

Check Out Our Latest Stock Report on FTHM

Fathom Company Profile

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Fathom (NASDAQ:FTHM)

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