Fathom Holdings Inc. (NASDAQ:FTHM) Director Purchases $39,000.00 in Stock

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

Fathom Stock Up 2.5 %

NASDAQ:FTHM traded up $0.05 during midday trading on Monday, hitting $2.01. 97,534 shares of the company were exchanged, compared to its average volume of 61,657. Fathom Holdings Inc. has a fifty-two week low of $1.32 and a fifty-two week high of $4.33. The company has a market capitalization of $45.47 million, a PE ratio of -1.53 and a beta of 2.03. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.19. The company has a fifty day simple moving average of $2.37 and a 200 day simple moving average of $2.19.

Institutional Trading of Fathom

A number of hedge funds and other institutional investors have recently made changes to their positions in FTHM. Virtu Financial LLC purchased a new position in Fathom during the 3rd quarter worth approximately $44,000. Geode Capital Management LLC boosted its holdings in shares of Fathom by 18.1% in the third quarter. Geode Capital Management LLC now owns 116,816 shares of the company’s stock valued at $303,000 after acquiring an additional 17,864 shares during the period. JB Capital Partners LP grew its position in shares of Fathom by 24.1% during the third quarter. JB Capital Partners LP now owns 69,882 shares of the company’s stock worth $181,000 after acquiring an additional 13,582 shares during the last quarter. Sapient Capital LLC acquired a new position in shares of Fathom in the 3rd quarter valued at $32,000. Finally, Connective Capital Management LLC raised its position in Fathom by 50.9% in the 2nd quarter. Connective Capital Management LLC now owns 122,673 shares of the company’s stock valued at $211,000 after purchasing an additional 41,380 shares during the last quarter. Institutional investors and hedge funds own 55.49% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Stephens reaffirmed an “overweight” rating and set a $2.50 price objective on shares of Fathom in a research report on Tuesday, August 13th.

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.