WM Technology, Inc. (NASDAQ:MAPS - Get Free Report) Director William Glen Ibbott sold 50,505 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 $45,959.55. Following the completion of the sale, the director now owns 117,845 shares of the company's stock, valued at $107,238.95. This trade represents a 30.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
WM Technology Trading Down 6.2%
Shares of MAPS traded down $0.06 during trading hours on Friday, reaching $0.87. The company had a trading volume of 1,391,186 shares, compared to its average volume of 848,258. The firm has a 50 day simple moving average of $1.08 and a 200-day simple moving average of $1.22. The company has a market capitalization of $134.10 million, a price-to-earnings ratio of 10.86 and a beta of 1.06. WM Technology, Inc. has a 12-month low of $0.70 and a 12-month high of $1.65.
WM Technology (NASDAQ:MAPS - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.02 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.02. The business had revenue of $44.61 million during the quarter, compared to the consensus estimate of $43.00 million. WM Technology had a net margin of 4.36% and a return on equity of 6.88%.
Hedge Funds Weigh In On WM Technology
A number of large investors have recently made changes to their positions in MAPS. Cubist Systematic Strategies LLC purchased a new position in WM Technology during the 4th quarter valued at about $28,000. The Manufacturers Life Insurance Company purchased a new position in WM Technology during the 4th quarter valued at about $35,000. Voya Investment Management LLC purchased a new position in WM Technology during the 4th quarter valued at about $39,000. Kathmere Capital Management LLC purchased a new position in WM Technology during the 1st quarter valued at about $41,000. Finally, FNY Investment Advisers LLC increased its holdings in WM Technology by 125.6% during the 1st quarter. FNY Investment Advisers LLC now owns 44,900 shares of the company's stock valued at $50,000 after acquiring an additional 25,000 shares in the last quarter. Hedge funds and other institutional investors own 22.02% of the company's stock.
Analysts Set New Price Targets
A number of equities analysts have recently issued reports on the stock. Westpark Capital reiterated a "buy" rating and issued a $2.61 price target on shares of WM Technology in a report on Friday, May 9th. Wall Street Zen upgraded shares of WM Technology from a "buy" rating to a "strong-buy" rating in a report on Thursday, May 22nd.
Check Out Our Latest Analysis on MAPS
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.
Recommended Stories
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
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
