Two Sigma Advisers LP Purchases 236,700 Shares of WM Technology, Inc. (NASDAQ:MAPS)

Two Sigma Advisers LP boosted its stake in WM Technology, Inc. (NASDAQ:MAPS - Free Report) by 1,678.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 250,800 shares of the company's stock after purchasing an additional 236,700 shares during the quarter. Two Sigma Advisers LP owned about 0.16% of WM Technology worth $346,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Voya Investment Management LLC bought a new stake in shares of WM Technology in the 4th quarter worth about $39,000. Lazard Asset Management LLC increased its holdings in shares of WM Technology by 5,607.4% in the 4th quarter. Lazard Asset Management LLC now owns 67,462 shares of the company's stock worth $93,000 after buying an additional 66,280 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of WM Technology by 144.2% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 655,470 shares of the company's stock worth $905,000 after buying an additional 387,014 shares during the last quarter. Barclays PLC increased its holdings in shares of WM Technology by 12.4% in the 4th quarter. Barclays PLC now owns 136,584 shares of the company's stock worth $188,000 after buying an additional 15,074 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of WM Technology in the 4th quarter worth about $52,000. Hedge funds and other institutional investors own 22.02% of the company's stock.

WM Technology Stock Performance

WM Technology stock traded up $0.03 during trading hours on Friday, hitting $1.11. The company had a trading volume of 937,288 shares, compared to its average volume of 862,803. The firm has a market cap of $171.33 million, a P/E ratio of -36.99 and a beta of 1.06. WM Technology, Inc. has a 1 year low of $0.70 and a 1 year high of $1.65. The company has a 50-day moving average price of $1.09 and a two-hundred day moving average price of $1.25.

WM Technology (NASDAQ:MAPS - Get Free Report) last released 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 company had revenue of $44.61 million during the quarter, compared to analysts' expectations of $43.00 million. WM Technology had a negative net margin of 1.02% and a negative return on equity of 1.68%.

Analysts Set New Price Targets

MAPS has been the topic of a number of research reports. 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 price target on shares of WM Technology in a report on Friday, May 9th.

Insider Activity at WM Technology

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

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.