Segall Bryant & Hamill LLC Purchases Shares of 2,704,341 WM Technology, Inc. (NASDAQ:MAPS)

Segall Bryant & Hamill LLC acquired a new stake in WM Technology, Inc. (NASDAQ:MAPS - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 2,704,341 shares of the company's stock, valued at approximately $3,056,000. Segall Bryant & Hamill LLC owned 1.75% of WM Technology at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Kathmere Capital Management LLC purchased a new stake in shares of WM Technology during the first quarter worth about $41,000. Bank of New York Mellon Corp increased its position in shares of WM Technology by 14.2% during the first quarter. Bank of New York Mellon Corp now owns 226,842 shares of the company's stock worth $256,000 after acquiring an additional 28,187 shares during the last quarter. FNY Investment Advisers LLC increased its position in shares of 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 last quarter. Ritholtz Wealth Management purchased a new stake in shares of WM Technology during the first quarter worth about $287,000. Finally, Mackenzie Financial Corp bought a new stake in WM Technology in the fourth quarter valued at about $84,000. 22.02% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on MAPS. Wall Street Zen raised WM Technology from a "buy" rating to a "strong-buy" rating in a report on Thursday, May 22nd. Westpark Capital restated a "buy" rating and issued a $2.61 target price on shares of WM Technology in a research note on Friday, May 9th.

Insider Buying and Selling at WM Technology

In related news, Director Scott Gordon sold 94,340 shares of the business'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 $85,849.40. Following the sale, the director owned 729,918 shares of the company's stock, valued at $664,225.38. The trade was a 11.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Douglas Francis sold 155,897 shares of the business's stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $1.11, for a total value of $173,045.67. Following the sale, the chief executive officer directly owned 8,886,513 shares in the company, valued at approximately $9,864,029.43. The trade was a 1.72% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 799,267 shares of company stock valued at $825,747. 23.64% of the stock is currently owned by insiders.

WM Technology Stock Down 1.9%

MAPS stock traded down $0.02 during midday trading on Friday, reaching $0.95. The company had a trading volume of 347,972 shares, compared to its average volume of 855,149. The stock has a 50 day moving average price of $1.02 and a 200 day moving average price of $1.18. WM Technology, Inc. has a fifty-two week low of $0.70 and a fifty-two week high of $1.65. The firm has a market capitalization of $147.05 million, a PE ratio of 11.91 and a beta of 1.01.

WM Technology (NASDAQ:MAPS - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported $0.02 EPS for the quarter, meeting analysts' consensus estimates of $0.02. The company 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%.

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.