How are energy investors positioned?
Scott N. Flanders, a director at Fathom Holdings Inc . (NASDAQ:FTHM), recently acquired 693,866 shares of the company’s common stock at an average price of $0.7206 per share. The total value of this transaction amounts to approximately $499,999. The purchase comes as the stock trades near its 52-week low of $0.70, though it has shown recent momentum with an 11.65% gain over the past week. According to InvestingPro analysis, FTHM appears undervalued at its current market cap of $20.09 million. Following this acquisition, Flanders holds a total of 1,493,996 shares directly, with an additional 90,000 shares held indirectly in a trust for his grandchildren.
In addition to these transactions, Flanders maintains holdings in derivative securities, including a senior secured convertible promissory note and stock options, which further contribute to his overall investment in Fathom Holdings. The promissory note is convertible into 235,294 shares of common stock, and the stock option, which vested in full on August 12, 2023, covers 13,078 shares.
In other recent news, Fathom Holdings reported a wider-than-expected loss per share for the fourth quarter of 2024, with an EPS of -$0.29, missing the forecast of -$0.14. However, the company exceeded revenue expectations, reporting $91.7 million compared to the anticipated $81.99 million. This represents a 24% year-over-year increase in revenue, driven by an expansion in real estate transactions and agent network growth. Despite the earnings miss, Fathom Holdings demonstrated effective operational performance, as indicated by the revenue beat. The company also saw a 21% increase in agent count, reaching 14,300 licenses. In terms of future outlook, Fathom Holdings aims to achieve EBITDA profitability by the second quarter of 2025, with strategic plans focusing on revenue growth through acquisitions and cost management. The company recently acquired My Home Group, expected to contribute an additional $110 million in revenue for 2025. Analysts from Roth Capital have shown interest in the company’s strategic initiatives for mortgage and title adoption, which have been outperforming real estate brokerage growth.
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