WM Technology, Inc. (NASDAQ:MAPS) Director Sells $85,849.40 in Stock

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

WM Technology Stock Performance

Shares of NASDAQ:MAPS traded down $0.06 during midday trading on Friday, reaching $0.87. 1,391,186 shares of the company's stock traded hands, compared to its average volume of 848,258. WM Technology, Inc. has a 1 year low of $0.70 and a 1 year high of $1.65. The company has a market cap of $134.10 million, a P/E ratio of 10.86 and a beta of 1.06. The company has a fifty day simple moving average of $1.08 and a two-hundred day simple moving average of $1.22.

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 net margin of 4.36% and a return on equity of 6.88%. The business had revenue of $44.61 million for the quarter, compared to analyst estimates of $43.00 million.

Institutional Trading of WM Technology

Institutional investors have recently modified their holdings of the stock. Cubist Systematic Strategies LLC acquired a new stake in shares of WM Technology in the fourth quarter valued at about $28,000. The Manufacturers Life Insurance Company acquired a new stake in shares of WM Technology in the fourth quarter valued at about $35,000. Voya Investment Management LLC acquired a new stake in shares of WM Technology in the fourth quarter valued at about $39,000. Kathmere Capital Management LLC acquired a new stake in shares of WM Technology in the first quarter valued at about $41,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of WM Technology in the fourth quarter valued at about $52,000. Institutional investors and hedge funds own 22.02% of the company's stock.

Wall Street Analyst Weigh In

MAPS has been the topic of a number of recent analyst reports. Westpark Capital reiterated 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 raised WM Technology from a "buy" rating to a "strong-buy" rating in a research note on Thursday, May 22nd.

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.