Shares of Fathom Holdings Inc. (NASDAQ:FTHM - Get Free Report) shot up 2% on Tuesday . The company traded as high as $2.14 and last traded at $2.03. 339,263 shares were traded during trading, a decline of 72% from the average session volume of 1,201,033 shares. The stock had previously closed at $1.99.
Wall Street Analyst Weigh In
Separately, Roth Capital reissued a "buy" rating on shares of Fathom in a research report on Wednesday, August 13th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of "Buy".
View Our Latest Stock Report on Fathom
Fathom Stock Up 6.5%
The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.21. The business has a fifty day simple moving average of $1.46 and a two-hundred day simple moving average of $1.14. The company has a market capitalization of $55.46 million, a price-to-earnings ratio of -1.86 and a beta of 1.84.
Insider Activity
In other news, major shareholder Joshua Harley sold 81,691 shares of Fathom stock in a transaction that occurred on Tuesday, July 22nd. The shares were sold at an average price of $1.59, for a total value of $129,888.69. Following the completion of the transaction, the insider owned 3,228,901 shares in the company, valued at approximately $5,133,952.59. The trade was a 2.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have sold a total of 201,100 shares of company stock valued at $295,550 in the last three months. Insiders own 16.40% of the company's stock.
Institutional Inflows and Outflows
A number of institutional investors have recently modified their holdings of the company. Millennium Management LLC raised its position in Fathom by 54.4% in the 4th quarter. Millennium Management LLC now owns 33,911 shares of the company's stock worth $52,000 after purchasing an additional 11,949 shares during the last quarter. Raymond James Financial Inc. bought a new position in Fathom in the 4th quarter worth approximately $32,000. Northern Trust Corp raised its position in Fathom by 59.8% in the 4th quarter. Northern Trust Corp now owns 57,002 shares of the company's stock worth $87,000 after purchasing an additional 21,328 shares during the last quarter. AMG National Trust Bank raised its position in Fathom by 201.7% in the 1st quarter. AMG National Trust Bank now owns 207,590 shares of the company's stock worth $183,000 after purchasing an additional 138,773 shares during the last quarter. Finally, Sovereign s Capital Management LLC bought a new position in Fathom in the 4th quarter worth approximately $284,000. Institutional investors own 55.49% of the company's stock.
About Fathom
(
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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