WM Technology's (MAPS) "Buy" Rating Reiterated at Westpark Capital

Westpark Capital reiterated their buy rating on shares of WM Technology (NASDAQ:MAPS - Free Report) in a research report released on Friday,Benzinga reports. The firm currently has a $2.61 target price on the stock.

WM Technology Stock Down 4.3%

Shares of MAPS traded down $0.05 during midday trading on Friday, hitting $1.12. The company had a trading volume of 822,051 shares, compared to its average volume of 866,124. The stock has a market cap of $172.87 million, a price-to-earnings ratio of -37.32 and a beta of 1.14. The company's 50 day moving average price is $1.17 and its 200 day moving average price is $1.23. WM Technology 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 quarterly earnings results on Thursday, May 8th. The company reported $0.02 EPS for the quarter. WM Technology had a negative return on equity of 1.68% and a negative net margin of 1.02%.

Institutional Investors Weigh In On WM Technology

Several institutional investors and hedge funds have recently made changes to their positions in MAPS. Tidal Investments LLC boosted its holdings in WM Technology by 4.3% in the fourth quarter. Tidal Investments LLC now owns 3,666,334 shares of the company's stock worth $5,060,000 after purchasing an additional 149,928 shares during the period. Segall Bryant & Hamill LLC bought a new position in shares of WM Technology in the 1st quarter worth about $3,056,000. Renaissance Technologies LLC boosted its holdings in shares of WM Technology by 101.2% in the 4th quarter. Renaissance Technologies LLC now owns 2,561,700 shares of the company's stock valued at $3,535,000 after buying an additional 1,288,497 shares during the period. Arrowstreet Capital Limited Partnership bought a new stake in shares of WM Technology during the 4th quarter valued at about $1,767,000. Finally, Northern Trust Corp raised its stake in WM Technology by 2.4% during the fourth quarter. Northern Trust Corp now owns 719,573 shares of the company's stock worth $993,000 after acquiring an additional 16,737 shares during the period. 22.02% of the stock is owned by institutional investors and hedge funds.

About WM Technology

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.