WM Technology, Inc. (NASDAQ:MAPS - Get Free Report) Director Brenda Freeman sold 62,501 shares of the company's stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of $0.91, for a total transaction of $56,875.91. Following the sale, the director now directly owns 432,692 shares in the company, valued at approximately $393,749.72. The trade was a 12.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
WM Technology Price Performance
Shares of MAPS traded down $0.06 during mid-day trading on Friday, reaching $0.87. The company's stock had a trading volume of 1,391,186 shares, compared to its average volume of 848,258. WM Technology, Inc. has a 12-month low of $0.70 and a 12-month high of $1.65. The stock has a market cap of $134.10 million, a PE ratio of 10.86 and a beta of 1.06. The company's 50 day moving average is $1.08 and its 200 day moving average is $1.22.
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, meeting analysts' consensus estimates of $0.02. The firm had revenue of $44.61 million during the quarter, compared to the consensus estimate of $43.00 million. WM Technology had a return on equity of 6.88% and a net margin of 4.36%.
Wall Street Analysts Forecast Growth
MAPS has been the topic of a number of recent analyst reports. Westpark Capital reissued a "buy" rating and issued a $2.61 price objective on shares of WM Technology in a research report on Friday, May 9th. Wall Street Zen raised WM Technology from a "buy" rating to a "strong-buy" rating in a report on Thursday, May 22nd.
Get Our Latest Stock Analysis on MAPS
Institutional Trading of WM Technology
Several institutional investors have recently modified their holdings of the stock. Cubist Systematic Strategies LLC acquired a new position in shares of WM Technology in the 4th quarter valued at $28,000. The Manufacturers Life Insurance Company purchased a new stake in WM Technology in the fourth quarter valued at $35,000. Voya Investment Management LLC acquired a new position in WM Technology in the fourth quarter valued at $39,000. Kathmere Capital Management LLC acquired a new position in WM Technology in the first quarter valued at $41,000. Finally, Raymond James Financial Inc. purchased a new position in shares of WM Technology during the fourth quarter worth about $52,000. Hedge funds and other institutional investors own 22.02% of the company's stock.
About WM Technology
(
Get 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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