Insider Selling: WM Technology, Inc. (NASDAQ:MAPS) Director Sells 62,501 Shares of Stock

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

WM Technology Stock Down 6.2%

NASDAQ:MAPS traded down $0.06 on Friday, hitting $0.87. The stock had a trading volume of 1,391,186 shares, compared to its average volume of 848,258. The stock has a market cap of $134.10 million, a price-to-earnings ratio of 10.86 and a beta of 1.06. The company has a fifty day moving average price of $1.08 and a two-hundred day moving average price of $1.22. WM Technology, Inc. has a 1-year low of $0.70 and a 1-year 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 the consensus estimate of $0.02. The company had revenue of $44.61 million for the quarter, compared to analyst estimates of $43.00 million. WM Technology had a net margin of 4.36% and a return on equity of 6.88%.

Hedge Funds Weigh In On WM Technology

Large investors have recently made changes to their positions in the stock. Cubist Systematic Strategies LLC acquired a new position in shares of WM Technology in the 4th quarter worth approximately $28,000. The Manufacturers Life Insurance Company acquired a new position in shares of WM Technology in the 4th quarter worth approximately $35,000. Voya Investment Management LLC acquired a new position in shares of WM Technology in the 4th quarter worth approximately $39,000. Kathmere Capital Management LLC acquired a new position in shares of WM Technology in the 1st quarter worth approximately $41,000. Finally, FNY Investment Advisers LLC lifted its holdings in shares of WM Technology by 125.6% in the 1st 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. 22.02% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on MAPS shares. 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 issued a $2.61 target price on shares of WM Technology in a report on Friday, May 9th.

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.