WM Technology, Inc. (NASDAQ:MAPS) Director Scott Gordon Sells 94,340 Shares

WM Technology, Inc. (NASDAQ:MAPS - Get Free Report) Director Scott Gordon sold 94,340 shares of the firm's stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $0.91, for a total value of $85,849.40. Following the sale, the director now directly owns 729,918 shares in the company, valued at approximately $664,225.38. The trade was a 11.45% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

WM Technology Trading Up 5.3%

Shares of MAPS traded up $0.05 during midday trading on Thursday, hitting $0.93. 1,160,253 shares of the company's stock traded hands, compared to its average volume of 878,134. The stock has a market capitalization of $143.01 million, a price-to-earnings ratio of 11.58 and a beta of 1.06. WM Technology, Inc. has a 1 year low of $0.70 and a 1 year high of $1.65. The firm's fifty day moving average is $1.09 and its 200-day moving average is $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, meeting the consensus estimate of $0.02. WM Technology had a return on equity of 6.88% and a net margin of 4.36%. The company had revenue of $44.61 million for the quarter, compared to analyst estimates of $43.00 million.

Analyst Ratings Changes

MAPS has been the subject of several analyst reports. Westpark Capital reissued a "buy" rating and set a $2.61 price target on shares of WM Technology in a research report on Friday, May 9th. Wall Street Zen upgraded shares of WM Technology from a "buy" rating to a "strong-buy" rating in a research note on Thursday, May 22nd.

Institutional Investors Weigh In On WM Technology

Large investors have recently modified their holdings of the business. Cubist Systematic Strategies LLC purchased a new position in shares of WM Technology in the 4th quarter valued at approximately $28,000. The Manufacturers Life Insurance Company acquired a new position in WM Technology during the 4th quarter valued at approximately $35,000. Voya Investment Management LLC acquired a new position in WM Technology during the 4th quarter valued at approximately $39,000. Kathmere Capital Management LLC purchased a new position in shares of WM Technology in the first quarter worth $41,000. Finally, FNY Investment Advisers LLC lifted its stake in shares of WM Technology by 125.6% during the first quarter. FNY Investment Advisers LLC now owns 44,900 shares of the company's stock worth $50,000 after buying an additional 25,000 shares during the period. Hedge funds and other institutional investors own 22.02% of the company's stock.

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.

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