In a recent series of transactions, Fathom Holdings Inc. (NASDAQ:FTHM) director Scott N. Flanders has invested a total of $46,543 in the company's stock. The purchases were made over a three-day period, with prices ranging from $1.53 to $1.65 per share.
On May 21, Flanders acquired 1,251 shares at an average price of $1.6462, followed by a significant purchase of 25,000 shares at $1.65 each on May 22. The buying spree continued on May 23, with an additional 2,114 shares bought at $1.53 per share. These transactions have increased Flanders' direct ownership in the real estate services firm to a total of 598,449 shares.
Fathom Holdings, a company known for its innovative real estate brokerage services, has seen its executives actively participating in the stock market, showcasing their commitment to the company's growth and success. The recent purchases by Director Flanders underline a positive sentiment towards the company's future prospects.
Investors often monitor insider buying as it can be a sign of confidence in the company's performance and outlook. With these latest acquisitions, Flanders' investment in Fathom Holdings has further aligned his interests with those of the shareholders.
It is worth noting that a portion of Flanders' shares are held in a SEP IRA Fathom, with 15,432 of these shares being restricted stock units that will vest later in August 2024. This detail provides additional context to the overall stake Flanders has in the company.
As Fathom Holdings continues to navigate the real estate market, the actions of its directors and officers will remain of interest to investors who look for signs of internal confidence as a potential indicator of the company's trajectory.
InvestingPro Insights
Amidst the insider buying activity at Fathom Holdings Inc. (NASDAQ:FTHM), a deeper look into the company's financials through InvestingPro provides a nuanced picture. The company's market capitalization currently stands at a modest $34.49 million, reflecting the size of the firm within the real estate services sector. Notably, Fathom Holdings has been grappling with a negative price-to-earnings (P/E) ratio, which was -1.19 last reported, indicating that the company has been unprofitable over the recent period.
One of the InvestingPro Tips highlights that the company's net income is expected to grow this year, which could be a silver lining for investors looking for a turnaround. However, the company's revenue has shown a decline of -15.54% over the last twelve months as of Q1 2024, and analysts have revised their earnings downwards for the upcoming period. These factors suggest that while there may be optimism for future profitability, the path ahead could still be challenging.
Investors should also consider the company's price volatility; Fathom Holdings generally trades with high price volatility, which can mean greater risk for investors. Additionally, the stock has seen a significant price decline over the past year, with a -74.39% return, which could be a cause for concern or an opportunity, depending on the market's future direction.
For those considering a deeper analysis, InvestingPro lists 15 additional tips that could provide further insights into Fathom Holdings' financial health and stock performance. To access these valuable insights, use coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
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