MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in WM Technology, Inc. (NASDAQ:MAPS - Free Report) by 144.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 655,470 shares of the company's stock after acquiring an additional 387,014 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.43% of WM Technology worth $905,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. Cubist Systematic Strategies LLC bought a new position in WM Technology in the 4th quarter worth $28,000. The Manufacturers Life Insurance Company bought a new position in shares of WM Technology during the 4th quarter worth about $35,000. Voya Investment Management LLC bought a new position in shares of WM Technology during the 4th quarter worth about $39,000. Raymond James Financial Inc. bought a new position in shares of WM Technology during the 4th quarter worth about $52,000. Finally, Price T Rowe Associates Inc. MD increased its holdings in shares of 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 purchasing an additional 11,573 shares during the period. Institutional investors own 22.02% of the company's stock.
Wall Street Analysts Forecast Growth
Several research firms have recently issued reports on MAPS. 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 restated a "buy" rating and set a $2.61 price objective on shares of WM Technology in a report on Friday, May 9th.
Read Our Latest Report on WM Technology
Insider Activity at WM Technology
In related news, CEO Douglas Francis sold 155,897 shares of the company's stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $1.11, for a total value of $173,045.67. Following the sale, the chief executive officer now owns 8,886,513 shares of the company's stock, valued at $9,864,029.43. The trade was a 1.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, General Counsel Brian Camire sold 373,523 shares of the business's stock in a transaction dated Friday, May 16th. The shares were 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 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 disclosure for this sale can be found here. 23.64% of the stock is currently owned by insiders.
WM Technology Trading Down 0.5%
NASDAQ MAPS traded down $0.01 on Friday, reaching $1.05. The company's stock had a trading volume of 579,177 shares, compared to its average volume of 865,178. The firm has a market cap of $161.29 million, a PE ratio of -34.82 and a beta of 1.14. The business has a 50-day moving average price of $1.11 and a 200 day moving average price of $1.26. 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 posted its earnings results on Thursday, May 8th. The company reported $0.02 earnings per share for the quarter, meeting analysts' consensus estimates of $0.02. The business had revenue of $44.61 million for 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%.
WM Technology Profile
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Free Report)
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.
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