Fathom (NASDAQ:FTHM) Stock Price Up 0.7% – Here’s Why

Shares of Fathom Holdings Inc. (NASDAQ:FTHM) were up 0.7% during mid-day trading on Monday . The stock traded as high as $1.48 and last traded at $1.45. Approximately 37,673 shares traded hands during trading, a decline of 54% from the average daily volume of 81,868 shares. The stock had previously closed at $1.44.

Fathom Stock Performance

The business has a fifty day simple moving average of $1.82 and a two-hundred day simple moving average of $2.20. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.55 and a quick ratio of 1.55. The company has a market cap of $32.80 million, a PE ratio of -1.13 and a beta of 1.95.

Insiders Place Their Bets

In other news, Director Scott N. Flanders purchased 20,000 shares of the company’s stock in a transaction on Wednesday, November 27th. The shares were acquired at an average price of $1.95 per share, for a total transaction of $39,000.00. Following the purchase, the director now owns 884,643 shares in the company, valued at $1,725,053.85. This trade represents a 2.31 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last three months, insiders have bought 45,487 shares of company stock valued at $88,700. 39.70% of the stock is currently owned by insiders.

Institutional Trading of Fathom

Several institutional investors and hedge funds have recently bought and sold shares of the business. Connective Capital Management LLC boosted its position in Fathom by 50.9% during the second quarter. Connective Capital Management LLC now owns 122,673 shares of the company’s stock worth $211,000 after purchasing an additional 41,380 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Fathom by 18.1% in the 3rd 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 during the last quarter. JB Capital Partners LP raised its stake in Fathom by 24.1% in the 3rd quarter. JB Capital Partners LP now owns 69,882 shares of the company’s stock valued at $181,000 after purchasing an additional 13,582 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in Fathom by 31.3% in the 2nd quarter. Renaissance Technologies LLC now owns 49,100 shares of the company’s stock valued at $84,000 after purchasing an additional 11,700 shares in the last quarter. Finally, XTX Topco Ltd purchased a new stake in shares of Fathom during the second quarter worth $32,000. 55.49% of the stock is currently owned by institutional investors and hedge funds.

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.