AdvisorShares Investments LLC Purchases Shares of 301,755 WM Technology, Inc. (NASDAQ:MAPS)

AdvisorShares Investments LLC purchased a new position in shares of WM Technology, Inc. (NASDAQ:MAPS - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund 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.

Several other hedge funds also recently added to or reduced their stakes in the company. FNY Investment Advisers LLC grew its holdings in shares of WM Technology by 298.0% in the fourth quarter. FNY Investment Advisers LLC now owns 19,900 shares of the company's stock worth $27,000 after purchasing an additional 14,900 shares during the last quarter. The Manufacturers Life Insurance Company purchased a new stake in WM Technology in the 4th quarter valued at about $35,000. Voya Investment Management LLC bought a new position in WM Technology in the 4th quarter worth about $39,000. Raymond James Financial Inc. purchased a new position in shares of WM Technology during the fourth quarter worth approximately $52,000. Finally, Price T Rowe Associates Inc. MD raised its stake in shares of 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 in the last quarter. 22.02% of the stock is currently owned by institutional investors.

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.

WM Technology Stock Down 4.4 %

Shares of MAPS stock traded down $0.06 on Monday, hitting $1.21. The stock had a trading volume of 206,431 shares, compared to its average volume of 859,072. WM Technology, Inc. has a one year low of $0.70 and a one year high of $1.65. The business has a 50 day moving average price of $1.18 and a 200 day moving average price of $1.22. The company has a market cap of $185.99 million, a PE ratio of -40.15 and a beta of 1.08.

WM Technology (NASDAQ:MAPS - Get Free Report) last announced its quarterly earnings results on Thursday, March 13th. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.02). The business had revenue of $47.67 million during the quarter, compared to analysts' expectations of $46.00 million. WM Technology had a negative return on equity of 1.68% and a negative net margin of 1.02%.

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.