AdvisorShares Investments LLC purchased a new stake in WM Technology, Inc. (NASDAQ:MAPS - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 301,755 shares of the company's stock, valued at approximately $416,000. AdvisorShares Investments LLC owned 0.20% of WM Technology at the end of the most recent quarter.
Other hedge funds also recently made changes to their positions in the company. FNY Investment Advisers LLC increased its position in WM Technology by 298.0% during the 4th quarter. FNY Investment Advisers LLC now owns 19,900 shares of the company's stock valued at $27,000 after purchasing an additional 14,900 shares during the period. The Manufacturers Life Insurance Company acquired a new stake in shares of WM Technology during the fourth quarter worth $35,000. Voya Investment Management LLC bought a new position in WM Technology during the fourth quarter worth $39,000. Raymond James Financial Inc. acquired a new position in WM Technology in the fourth quarter valued at $52,000. Finally, Price T Rowe Associates Inc. MD boosted its position in WM Technology by 42.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 38,765 shares of the company's stock valued at $54,000 after acquiring an additional 11,573 shares during the last quarter. 22.02% of the stock is currently owned by institutional investors.
WM Technology Price Performance
Shares of WM Technology stock remained flat at $1.26 on Friday. The company's stock had a trading volume of 500,091 shares, compared to its average volume of 859,383. The firm has a market cap of $194.48 million, a P/E ratio of -41.99 and a beta of 1.08. WM Technology, Inc. has a 52-week low of $0.70 and a 52-week high of $1.65. The business has a 50 day moving average price of $1.18 and a 200-day moving average price of $1.21.
WM Technology (NASDAQ:MAPS - Get Free Report) last posted its quarterly earnings results on Thursday, March 13th. The company reported $0.02 EPS for the quarter, missing analysts' consensus estimates of $0.04 by ($0.02). WM Technology had a negative return on equity of 1.68% and a negative net margin of 1.02%. The company had revenue of $47.67 million during the quarter, compared to analyst estimates of $46.00 million.
Wall Street Analyst Weigh In
Separately, Westpark Capital reissued a "buy" rating and issued a $2.61 price objective on shares of WM Technology in a research note on Tuesday, March 11th.
Check Out Our Latest Report on MAPS
WM Technology Company Profile
(
Free Report)
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.
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