OMERS ADMINISTRATION Corp Purchases 285,900 Shares of WM Technology, Inc. $MAPS

Key Points

• OMERS ADMINISTRATION Corp increased its holdings in WM Technology, Inc. by 327.5% in Q1, acquiring an additional 285,900 shares to reach a total of 373,200 shares, valued at approximately $422,000.
• WM Technology reported earnings of $0.01 per share for the quarter, missing estimates, while revenue reached $44.85 million, slightly below analyst expectations.
• Several institutional investors, including Nuveen LLC and Segall Bryant & Hamill LLC, have recently modified their stakes in WM Technology, reflecting increased interest in the company.

OMERS ADMINISTRATION Corp raised its position in shares of WM Technology, Inc. (NASDAQ:MAPS - Free Report) by 327.5% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 373,200 shares of the company's stock after acquiring an additional 285,900 shares during the quarter. OMERS ADMINISTRATION Corp owned approximately 0.24% of WM Technology worth $422,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Cubist Systematic Strategies LLC purchased a new stake in WM Technology in the 4th quarter worth about $28,000. The Manufacturers Life Insurance Company acquired a new position in WM Technology in the 4th quarter valued at about $35,000. Voya Investment Management LLC acquired a new stake in WM Technology during the 4th quarter worth approximately $39,000. Kathmere Capital Management LLC purchased a new stake in shares of WM Technology in the 1st quarter valued at approximately $41,000. Finally, FNY Investment Advisers LLC grew its position in WM Technology by 125.6% during the 1st quarter. FNY Investment Advisers LLC now owns 44,900 shares of the company's stock worth $50,000 after purchasing an additional 25,000 shares during the last quarter. 22.02% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on MAPS shares. Westpark Capital reiterated a "buy" rating and set a $2.61 price objective on shares of WM Technology in a research note on Monday, August 11th. Wall Street Zen downgraded WM Technology from a "strong-buy" rating to a "hold" rating in a report on Saturday, August 9th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, WM Technology has an average rating of "Buy" and an average price target of $2.61.

WM Technology Stock Performance

Shares of WM Technology stock traded up $0.07 on Monday, reaching $1.24. 1,157,501 shares of the company's stock were exchanged, compared to its average volume of 1,008,336. The company has a market capitalization of $193.34 million, a P/E ratio of 15.44 and a beta of 1.07. The firm's 50-day moving average is $1.03 and its two-hundred day moving average is $1.10. WM Technology, Inc. has a 52 week low of $0.70 and a 52 week high of $1.65.

WM Technology (NASDAQ:MAPS - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.04 by ($0.03). WM Technology had a net margin of 4.77% and a return on equity of 7.20%. The business had revenue of $44.85 million for the quarter, compared to the consensus estimate of $45.00 million. WM Technology has set its Q3 2025 guidance at EPS.

Insiders Place Their Bets

In other news, Director Olga Gonzalez sold 62,501 shares of the firm'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 value of $56,875.91. Following the completion of the sale, the director directly owned 432,690 shares of the company's stock, valued at $393,747.90. 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 through this hyperlink. Also, Director Brenda Freeman sold 62,501 shares of the stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $0.91, for a total value of $56,875.91. Following the completion of the transaction, the director directly owned 432,692 shares of the company's stock, valued at $393,749.72. This represents a 12.62% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 517,303 shares of company stock valued at $533,515. Insiders own 23.64% of the company's stock.

WM Technology 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.