Weiss Ratings Reaffirms "Sell (D+)" Rating for WM Technology (NASDAQ:MAPS)

Key Points

• Weiss Ratings has restated its "sell (D+)" rating for WM Technology (NASDAQ:MAPS), indicating ongoing concerns about the stock's performance.
• Despite the pessimistic outlook from Weiss Ratings, Westpark Capital has issued a "buy" rating with a target price of $2.61, suggesting some investor confidence remains.
• WM Technology reported earnings of $0.01 per share for the last quarter, missing estimates by $0.03 and reflecting a net margin of 4.77%, further complicating its financial outlook.

WM Technology (NASDAQ:MAPS - Get Free Report)'s stock had its "sell (d+)" rating restated by stock analysts at Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.

MAPS has been the subject of a number of other research reports. Westpark Capital reaffirmed a "buy" rating and issued a $2.61 target price on shares of WM Technology in a report on Monday, August 11th. Wall Street Zen cut WM Technology from a "strong-buy" rating to a "hold" rating in a research note on Saturday, August 9th. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $2.61.

WM Technology Price Performance

Shares of MAPS stock traded down $0.01 on Wednesday, hitting $1.14. 1,053,969 shares of the company's stock were exchanged, compared to its average volume of 1,222,652. WM Technology has a 12 month low of $0.70 and a 12 month high of $1.65. The stock has a market cap of $178.47 million, a P/E ratio of 14.38 and a beta of 1.08. The company has a 50 day moving average of $1.14 and a 200 day moving average of $1.09.

WM Technology (NASDAQ:MAPS - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.03). WM Technology had a return on equity of 7.20% and a net margin of 4.77%.The business had revenue of $44.85 million for the quarter, compared to the consensus estimate of $45.00 million. WM Technology has set its Q3 2025 guidance at EPS.

Insider Activity at WM Technology

In other WM Technology news, CEO Douglas Francis sold 156,974 shares of the stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $1.16, for a total value of $182,089.84. Following the transaction, the chief executive officer owned 8,729,539 shares in the company, valued at approximately $10,126,265.24. This represents a 1.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Brian Camire sold 90,482 shares of the stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $1.17, for a total value of $105,863.94. Following the completion of the transaction, the general counsel owned 1,933,841 shares in the company, valued at approximately $2,262,593.97. The trade was a 4.47% decrease in their position. The disclosure for this sale can be found here. Company insiders own 23.64% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Kathmere Capital Management LLC bought a new position in shares of WM Technology in the first quarter valued at approximately $41,000. NewEdge Advisors LLC bought a new position in shares of WM Technology in the second quarter valued at approximately $42,000. FNY Investment Advisers LLC lifted its holdings in shares of WM Technology by 125.6% in the first quarter. FNY Investment Advisers LLC now owns 44,900 shares of the company's stock valued at $50,000 after purchasing an additional 25,000 shares in the last quarter. Covestor Ltd bought a new position in shares of WM Technology in the first quarter valued at approximately $73,000. Finally, Nuveen LLC bought a new position in shares of WM Technology in the first quarter valued at approximately $126,000. Institutional investors own 22.02% of the company's stock.

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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