Ritholtz Wealth Management Buys New Shares in WM Technology, Inc. (NASDAQ:MAPS)

Ritholtz Wealth Management bought a new stake in WM Technology, Inc. (NASDAQ:MAPS - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 254,360 shares of the company's stock, valued at approximately $287,000. Ritholtz Wealth Management owned 0.16% of WM Technology as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Renaissance Technologies LLC boosted its stake in shares of WM Technology by 101.2% in the 4th quarter. Renaissance Technologies LLC now owns 2,561,700 shares of the company's stock valued at $3,535,000 after purchasing an additional 1,288,497 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in WM Technology in the fourth quarter valued at approximately $1,767,000. Two Sigma Investments LP boosted its stake in WM Technology by 436.1% in the fourth quarter. Two Sigma Investments LP now owns 615,959 shares of the company's stock valued at $850,000 after acquiring an additional 501,058 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in WM Technology by 144.2% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 655,470 shares of the company's stock valued at $905,000 after acquiring an additional 387,014 shares during the last quarter. Finally, Los Angeles Capital Management LLC acquired a new stake in WM Technology during the 4th quarter worth $438,000. Institutional investors own 22.02% of the company's stock.

Insider Activity at WM Technology

In other news, General Counsel Brian Camire sold 373,523 shares of the company's stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $1.09, for a total transaction of $407,140.07. Following the completion of the transaction, the general counsel now directly owns 2,024,323 shares of the company's stock, valued at $2,206,512.07. This represents a 15.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Douglas Francis sold 155,897 shares of the business's stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $1.11, for a total value of $173,045.67. Following the completion of the sale, the chief executive officer now owns 8,886,513 shares in the company, valued at $9,864,029.43. The trade was a 1.72% decrease in their position. The disclosure for this sale can be found here. 23.64% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities research analysts recently commented on MAPS shares. Wall Street Zen raised WM Technology from a "buy" rating to a "strong-buy" rating in a research note on Thursday, May 22nd. Westpark Capital reaffirmed a "buy" rating and issued a $2.61 price target on shares of WM Technology in a research note on Friday, May 9th.

WM Technology Stock Performance

MAPS stock traded down $0.13 during midday trading on Tuesday, hitting $0.93. 3,207,675 shares of the company's stock were exchanged, compared to its average volume of 873,970. WM Technology, Inc. has a one year low of $0.70 and a one year high of $1.65. The company has a market cap of $143.39 million, a PE ratio of 11.61 and a beta of 1.06. The stock's fifty day moving average price is $1.09 and its 200-day moving average price is $1.24.

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

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.