Royce & Associates LP Makes New $850,000 Investment in Fathom Holdings Inc. (NASDAQ:FTHM)

Posted by Defense World Staff on Aug 6th, 2023

Royce & Associates LP bought a new stake in shares of Fathom Holdings Inc. (NASDAQ:FTHM – Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 200,000 shares of the company’s stock, valued at approximately $850,000. Royce & Associates LP owned about 1.13% of Fathom as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Skylands Capital LLC lifted its position in Fathom by 8.8% during the first quarter. Skylands Capital LLC now owns 312,001 shares of the company’s stock valued at $1,326,000 after purchasing an additional 25,130 shares during the last quarter. ACT Wealth Management LLC purchased a new stake in shares of Fathom during the 1st quarter valued at about $94,000. Geode Capital Management LLC lifted its holdings in shares of Fathom by 5.7% in the 4th quarter. Geode Capital Management LLC now owns 73,612 shares of the company’s stock valued at $312,000 after acquiring an additional 3,959 shares during the last quarter. Herr Investment Group LLC purchased a new position in Fathom in the fourth quarter worth about $1,897,000. Finally, Millennium Management LLC bought a new stake in Fathom during the second quarter worth approximately $621,000. 14.66% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Fathom

In other Fathom news, Director Scott N. Flanders bought 14,737 shares of the firm’s stock in a transaction dated Friday, May 12th. The stock was acquired at an average cost of $5.63 per share, for a total transaction of $82,969.31. Following the completion of the transaction, the director now owns 94,927 shares in the company, valued at $534,439.01. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Insiders have acquired 16,937 shares of company stock valued at $95,645 in the last quarter. 46.60% of the stock is owned by insiders.

Analyst Ratings Changes

Separately, B. Riley initiated coverage on Fathom in a research note on Thursday. They issued a “buy” rating and a $12.00 price objective for the company.

Fathom Stock Performance

Shares of NASDAQ:FTHM opened at $7.42 on Friday. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.08. Fathom Holdings Inc. has a 12 month low of $3.25 and a 12 month high of $8.47. The company has a market capitalization of $134.01 million, a price-to-earnings ratio of -4.31 and a beta of 1.78. The firm’s 50-day moving average is $6.97 and its 200 day moving average is $5.73.

Fathom (NASDAQ:FTHM – Get Free Report) last released its earnings results on Wednesday, May 10th. The company reported ($0.36) EPS for the quarter, missing analysts’ consensus estimates of ($0.35) by ($0.01). Fathom had a negative net margin of 6.83% and a negative return on equity of 41.64%. The business had revenue of $77.54 million for the quarter, compared to the consensus estimate of $76.08 million. Research analysts predict that Fathom Holdings Inc. will post -1.02 EPS for the current year.

About Fathom

(Free Report)

Fathom Holdings Inc provides cloud-based real estate brokerage services in the South, Atlantic, Southwest, and Western parts of the United States. It operates through three segments: Real Estate Brokerage, Mortgage, and Technology. The Real Estate Brokerage segment provides real estate brokerage services.