Samantha Giuggio, Chief Broker Officer at Fathom Holdings Inc. (NASDAQ:FTHM), recently reported the sale of company stock valued at approximately $1,260. The transactions occurred on January 2 and January 10, 2025, amid a challenging period for the stock, which has declined over 56% in the past year. Giuggio sold a total of 838 shares, with prices ranging from $1.50 to $1.52 per share. These sales were made to cover taxes upon the vesting of restricted stock. Following these transactions, Giuggio maintains ownership of 117,530 shares directly and 5,424 shares indirectly through her spouse. According to InvestingPro analysis, FTHM appears undervalued despite recent market volatility, with multiple indicators suggesting potential upside. Discover comprehensive insights and 17 additional ProTips for FTHM, along with detailed valuation metrics in the Pro Research Report, available exclusively on InvestingPro.
In other recent news, Fathom Holdings has reported a decrease in Q3 2024 revenue by 10% year-over-year, amounting to $83.7 million and an adjusted EBITDA loss of $1.4 million. In response to these financial results, the company has undergone significant leadership changes, with Jon Gwin appointed as Chief Revenue Officer and Samantha Giuggio promoted to President of Fathom Realty and Chief Operations Officer of Fathom Holdings. Despite a 9.5% decrease in completed transactions compared to the previous year, the company's agent network expanded by 9.3%, now consisting of over 14,500 licensed agents. In addition to these changes, Fathom Holdings has acquired My Home Group, a move projected to significantly boost future revenue by approximately $100 million annually from 2025 onwards. Analysts from various firms have noted the company's initiatives to enhance its revenue streams and operational management, including the development of strategic partnerships and expansion efforts across its divisions. The company's mortgage division and Verus Title have also reported substantial revenue growth, with increases of 52% and 71% respectively. These recent developments underscore Fathom Holdings' commitment to expansion, with plans to operate in all 50 states by the end of 2025.
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