Olga Gonzalez Sells 62,501 Shares of WM Technology, Inc. (NASDAQ:MAPS) Stock

WM Technology, Inc. (NASDAQ:MAPS - Get Free Report) Director Olga Gonzalez sold 62,501 shares of the stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of $0.91, for a total value of $56,875.91. Following the transaction, the director now owns 432,690 shares of the company's stock, valued at approximately $393,747.90. The trade was a 12.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

WM Technology Trading Up 5.3%

Shares of MAPS traded up $0.05 during mid-day trading on Thursday, reaching $0.93. The company's stock had a trading volume of 1,160,253 shares, compared to its average volume of 878,134. WM Technology, Inc. has a 1-year low of $0.70 and a 1-year high of $1.65. The business has a 50-day simple moving average of $1.09 and a two-hundred day simple moving average of $1.23. The stock has a market cap of $143.01 million, a P/E ratio of 11.58 and a beta of 1.06.

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

Institutional Investors Weigh In On WM Technology

Institutional investors have recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in WM Technology by 18.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 777,102 shares of the company's stock worth $878,000 after buying an additional 121,632 shares in the last quarter. AQR Capital Management LLC grew its position in WM Technology by 505.5% in the first quarter. AQR Capital Management LLC now owns 199,598 shares of the company's stock valued at $226,000 after acquiring an additional 166,634 shares during the last quarter. Scoggin Management LP bought a new stake in shares of WM Technology during the 1st quarter valued at approximately $1,130,000. OMERS ADMINISTRATION Corp grew its stake in shares of WM Technology by 327.5% during the first quarter. OMERS ADMINISTRATION Corp now owns 373,200 shares of the company's stock worth $422,000 after buying an additional 285,900 shares during the last quarter. Finally, Nuveen LLC acquired a new position in WM Technology in the 1st quarter worth about $126,000. Institutional investors own 22.02% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. 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. Wall Street Zen upgraded WM Technology from a "buy" rating to a "strong-buy" rating in a research note on Thursday, May 22nd.

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.

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