WM Technology’s (MAPS) “Sell (D+)” Rating Reiterated at Weiss Ratings

Weiss Ratings restated their sell (d+) rating on shares of WM Technology (NASDAQ:MAPS) in a report released on Wednesday,Weiss Ratings reports.

A number of other research firms have also weighed in on MAPS. Wall Street Zen lowered shares of WM Technology from a “strong-buy” rating to a “hold” rating in a research note on Saturday, August 9th. Westpark Capital reaffirmed a “buy” rating and issued a $2.61 price objective on shares of WM Technology in a research note on Monday, August 11th. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $2.61.

WM Technology Price Performance

NASDAQ:MAPS opened at $1.11 on Wednesday. WM Technology has a 1-year low of $0.70 and a 1-year high of $1.65. The company has a 50-day moving average of $1.16 and a 200 day moving average of $1.09. The firm has a market cap of $172.99 million, a PE ratio of 13.81 and a beta of 1.08.

WM Technology (NASDAQ:MAPS) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.01 earnings per share 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 during the quarter, compared to analysts’ expectations of $45.00 million. WM Technology has set its Q3 2025 guidance at EPS.

Insider Activity

In other WM Technology news, General Counsel Brian Camire sold 90,482 shares of the stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $1.17, for a total transaction of $105,863.94. Following the completion of the sale, the general counsel directly owned 1,933,841 shares of the company’s stock, valued at approximately $2,262,593.97. This represents a 4.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Douglas Francis sold 156,974 shares of the stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $1.16, for a total transaction of $182,089.84. Following the sale, the chief executive officer directly owned 8,729,539 shares of the company’s stock, valued at approximately $10,126,265.24. The trade was a 1.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 23.64% of the company’s stock.

Hedge Funds Weigh In On WM Technology

Hedge funds have recently modified their holdings of the stock. Kathmere Capital Management LLC acquired a new position in shares of WM Technology during the first quarter valued at about $41,000. NewEdge Advisors LLC acquired a new position in shares of WM Technology during the second quarter valued at about $42,000. FNY Investment Advisers LLC increased its holdings in shares of WM Technology by 125.6% during the first quarter. FNY Investment Advisers LLC now owns 44,900 shares of the company’s stock valued at $50,000 after acquiring an additional 25,000 shares in the last quarter. Covestor Ltd acquired a new position in shares of WM Technology during the first quarter valued at about $73,000. Finally, Nuveen LLC acquired a new position in shares of WM Technology during the first quarter valued at about $126,000. Institutional investors and hedge funds own 22.02% of the company’s stock.

About WM Technology

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.