Brenda Freeman Sells 62,501 Shares of WM Technology, Inc. (NASDAQ:MAPS) Stock

WM Technology, Inc. (NASDAQ:MAPS - Get Free Report) Director Brenda Freeman 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 transaction, the director now owns 432,692 shares in the company, valued at approximately $393,749.72. This trade represents a 12.62% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

WM Technology Trading Up 5.3%

NASDAQ MAPS traded up $0.05 on Thursday, hitting $0.93. 1,160,253 shares of the company's stock traded hands, compared to its average volume of 878,134. The firm's 50-day moving average price is $1.09 and its two-hundred day moving average price is $1.23. The firm has a market capitalization of $143.01 million, a PE ratio of 11.58 and a beta of 1.06. WM Technology, Inc. has a 1-year low of $0.70 and a 1-year high of $1.65.

WM Technology (NASDAQ:MAPS - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.02 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.02. WM Technology had a net margin of 4.36% and a return on equity of 6.88%. The firm had revenue of $44.61 million for the quarter, compared to the consensus estimate of $43.00 million.

Wall Street Analyst Weigh In

MAPS has been the subject of a number of recent analyst reports. Westpark Capital reiterated a "buy" rating and issued a $2.61 target price on shares of WM Technology in a research note on Friday, May 9th. Wall Street Zen raised shares of WM Technology from a "buy" rating to a "strong-buy" rating in a report on Thursday, May 22nd.

Hedge Funds Weigh In On WM Technology

A number of large investors have recently bought and sold shares of the business. Cubist Systematic Strategies LLC acquired a new stake in WM Technology in the fourth quarter valued at approximately $28,000. The Manufacturers Life Insurance Company acquired a new stake in WM Technology in the 4th quarter valued at $35,000. Voya Investment Management LLC purchased a new stake in WM Technology in the 4th quarter worth $39,000. Kathmere Capital Management LLC purchased a new stake in WM Technology in the 1st quarter worth $41,000. Finally, FNY Investment Advisers LLC raised its position in WM Technology by 125.6% during the first quarter. FNY Investment Advisers LLC now owns 44,900 shares of the company's stock worth $50,000 after acquiring an additional 25,000 shares during the period. Institutional investors and hedge funds own 22.02% of the company's stock.

WM Technology Company 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.

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