Two Sigma Advisers LP Has $346,000 Stock Position in WM Technology, Inc. (NASDAQ:MAPS)

Two Sigma Advisers LP grew its stake in shares of WM Technology, Inc. (NASDAQ:MAPS - Free Report) by 1,678.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 250,800 shares of the company's stock after acquiring an additional 236,700 shares during the period. Two Sigma Advisers LP owned about 0.16% of WM Technology worth $346,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Cubist Systematic Strategies LLC purchased a new stake in shares of WM Technology during the fourth quarter worth about $28,000. The Manufacturers Life Insurance Company acquired a new stake in WM Technology during the 4th quarter worth approximately $35,000. Voya Investment Management LLC purchased a new position in shares of WM Technology in the 4th quarter valued at $39,000. Raymond James Financial Inc. purchased a new position in WM Technology in the fourth quarter valued at about $52,000. Finally, Price T Rowe Associates Inc. MD lifted its position in WM Technology by 42.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 38,765 shares of the company's stock worth $54,000 after acquiring an additional 11,573 shares in the last quarter. 22.02% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at WM Technology

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

WM Technology Stock Performance

WM Technology stock remained flat at $1.11 during midday trading on Monday. 681,042 shares of the company's stock were exchanged, compared to its average volume of 863,608. WM Technology, Inc. has a 52-week low of $0.70 and a 52-week high of $1.65. The stock has a fifty day moving average price of $1.09 and a two-hundred day moving average price of $1.25. The firm has a market cap of $171.33 million, a price-to-earnings ratio of -36.99 and a beta of 1.06.

WM Technology (NASDAQ:MAPS - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported $0.02 EPS for the quarter, hitting the consensus estimate of $0.02. WM Technology had a negative return on equity of 1.68% and a negative net margin of 1.02%. The firm had revenue of $44.61 million for the quarter, compared to analysts' expectations of $43.00 million.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Wall Street Zen upgraded shares of WM Technology from a "buy" rating to a "strong-buy" rating in a report on Thursday, May 22nd. Westpark Capital reiterated a "buy" rating and set a $2.61 target price on shares of WM Technology in a research note on Friday, May 9th.

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.