Westpark Capital reissued their buy rating on shares of WM Technology (NASDAQ:MAPS - Free Report) in a research report released on Friday morning,Benzinga reports. Westpark Capital currently has a $2.61 price target on the stock.
WM Technology Trading Up 3.5%
MAPS stock traded up $0.04 on Friday, hitting $1.18. 677,498 shares of the company's stock traded hands, compared to its average volume of 984,646. The stock has a market cap of $182.13 million, a price-to-earnings ratio of -39.32 and a beta of 1.14. WM Technology has a 1-year low of $0.70 and a 1-year high of $1.65. The stock has a fifty day moving average of $1.16 and a 200-day moving average of $1.23.
WM Technology (NASDAQ:MAPS - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported $0.02 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates 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 negative return on equity of 1.68% and a negative net margin of 1.02%.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD increased its position in WM Technology by 42.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 38,765 shares of the company's stock worth $54,000 after buying an additional 11,573 shares during the period. SG Americas Securities LLC grew its holdings in shares of WM Technology by 40.6% during the 4th quarter. SG Americas Securities LLC now owns 40,305 shares of the company's stock worth $56,000 after purchasing an additional 11,633 shares in the last quarter. Wells Fargo & Company MN increased its position in shares of WM Technology by 52.0% during the fourth quarter. Wells Fargo & Company MN now owns 41,053 shares of the company's stock valued at $57,000 after purchasing an additional 14,043 shares during the period. FNY Investment Advisers LLC increased its holdings in WM Technology by 298.0% in the 4th quarter. FNY Investment Advisers LLC now owns 19,900 shares of the company's stock valued at $27,000 after buying an additional 14,900 shares during the period. Finally, Barclays PLC increased its holdings in WM Technology by 12.4% in the 4th quarter. Barclays PLC now owns 136,584 shares of the company's stock valued at $188,000 after buying an additional 15,074 shares during the period. Institutional investors and hedge funds own 22.02% of the company's stock.
WM Technology Company Profile
(
Get 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.
See Also
Before you consider WM Technology, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and WM Technology wasn't on the list.
While WM Technology currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
