Fathom (NASDAQ:FTHM) Shares Up 2% - Here's Why

Key Points

• Fathom Holdings Inc. (NASDAQ:FTHM) shares rose 2% during mid-day trading, reaching a high of $2.14 before closing at $2.03 with a significant decline in trading volume of 72% compared to average session volume.
• Analysts have a consensus rating of "Buy" for Fathom, with Roth Capital reiterating its buy rating on the stock.
• Recent insider trading saw major shareholder Joshua Harley sell 81,691 shares at an average price of $1.59, resulting in a 2.47% decrease in his holdings, while institutional investors currently own 55.49% of the stock.

Fathom Holdings Inc. (NASDAQ:FTHM - Get Free Report)'s share price shot up 2% during mid-day trading on Tuesday . The stock traded as high as $2.14 and last traded at $2.03. 339,263 shares changed hands during trading, a decline of 72% from the average session volume of 1,201,033 shares. The stock had previously closed at $1.99.

Analyst Ratings Changes

Separately, Roth Capital restated a "buy" rating on shares of Fathom in a research report on Wednesday, August 13th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company has a consensus rating of "Buy".

Fathom Price Performance

The company has a fifty day simple moving average of $1.41 and a two-hundred day simple moving average of $1.12. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.20 and a current ratio of 1.20. The company has a market capitalization of $57.14 million, a price-to-earnings ratio of -1.92 and a beta of 1.85.

Insiders Place Their Bets

In other Fathom news, major shareholder Joshua Harley sold 81,691 shares of the business's stock in a transaction on Tuesday, July 22nd. The stock was sold at an average price of $1.59, for a total value of $129,888.69. Following the completion of the transaction, the insider directly owned 3,228,901 shares in the company, valued at approximately $5,133,952.59. The trade was a 2.47% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In the last three months, insiders sold 201,100 shares of company stock valued at $295,550. Insiders own 16.40% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Raymond James Financial Inc. acquired a new position in Fathom in the 4th quarter valued at $32,000. Millennium Management LLC grew its stake in shares of Fathom by 54.4% during the 4th quarter. Millennium Management LLC now owns 33,911 shares of the company's stock valued at $52,000 after buying an additional 11,949 shares during the period. Northern Trust Corp grew its stake in shares of Fathom by 59.8% during the 4th quarter. Northern Trust Corp now owns 57,002 shares of the company's stock valued at $87,000 after buying an additional 21,328 shares during the period. AMG National Trust Bank grew its stake in shares of Fathom by 201.7% during the 1st quarter. AMG National Trust Bank now owns 207,590 shares of the company's stock valued at $183,000 after buying an additional 138,773 shares during the period. Finally, Sovereign s Capital Management LLC purchased a new stake in shares of Fathom during the 4th quarter valued at $284,000. 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.

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