64,476 Shares in WM Technology, Inc. (NASDAQ:MAPS) Bought by Covestor Ltd

Covestor Ltd bought a new position in WM Technology, Inc. (NASDAQ:MAPS) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 64,476 shares of the company’s stock, valued at approximately $73,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Tidal Investments LLC boosted its stake in WM Technology by 4.3% in the 4th quarter. Tidal Investments LLC now owns 3,666,334 shares of the company’s stock worth $5,060,000 after purchasing an additional 149,928 shares during the period. Segall Bryant & Hamill LLC acquired a new position in WM Technology in the 1st quarter worth $3,056,000. Renaissance Technologies LLC boosted its stake in WM Technology by 101.2% in the 4th quarter. Renaissance Technologies LLC now owns 2,561,700 shares of the company’s stock worth $3,535,000 after purchasing an additional 1,288,497 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its stake in WM Technology by 14.0% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 750,054 shares of the company’s stock worth $848,000 after purchasing an additional 92,286 shares during the period. Finally, Northern Trust Corp boosted its stake in shares of WM Technology by 2.4% during the 4th quarter. Northern Trust Corp now owns 719,573 shares of the company’s stock worth $993,000 after buying an additional 16,737 shares during the last quarter. 22.02% of the stock is owned by institutional investors and hedge funds.

WM Technology Price Performance

WM Technology stock opened at $1.13 on Wednesday. The firm has a 50-day moving average of $0.98 and a 200-day moving average of $1.13. WM Technology, Inc. has a one year low of $0.70 and a one year high of $1.65. The company has a market cap of $174.42 million, a price-to-earnings ratio of 14.13 and a beta of 1.02.

WM Technology (NASDAQ:MAPS) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.03). WM Technology had a return on equity of 7.20% and a net margin of 4.77%. The business had revenue of $44.85 million for the quarter, compared to analyst estimates of $45.00 million.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on MAPS shares. Westpark Capital restated a “buy” rating and set a $2.61 price objective on shares of WM Technology in a research note on Monday. Wall Street Zen downgraded shares of WM Technology from a “strong-buy” rating to a “hold” rating in a research note on Saturday.

Insider Buying and Selling

In other news, CEO Douglas Francis sold 155,897 shares of the company’s stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $1.11, for a total value of $173,045.67. Following the sale, the chief executive officer directly owned 8,886,513 shares of the company’s stock, valued at approximately $9,864,029.43. This represents a 1.72% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Olga Gonzalez sold 62,501 shares of the company’s stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $0.91, for a total transaction of $56,875.91. Following the completion of the sale, the director directly owned 432,690 shares in the company, valued at approximately $393,747.90. The trade was a 12.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 799,267 shares of company stock worth $825,747 in the last 90 days. 23.64% of the stock is owned by corporate insiders.

WM Technology Profile

WM Technology, Inc provides ecommerce and compliance software solutions to retailers and brands in cannabis market in the United States and internationally. The company offers Weedmaps marketplace that allows cannabis users to search for and browse cannabis products from retailers and brands, and reserve products from local retailers; and education and learning information to help newer consumers learn about the types of products to purchase.