WM Technology, Inc. (NASDAQ:MAPS) Director William Glen Ibbott Sells 50,505 Shares

WM Technology, Inc. (NASDAQ:MAPS - Get Free Report) Director William Glen Ibbott sold 50,505 shares of the business's stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of $0.91, for a total value of $45,959.55. Following the completion of the sale, the director now directly owns 117,845 shares of the company's stock, valued at $107,238.95. This represents a 30.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

WM Technology Stock Performance

Shares of NASDAQ:MAPS traded up $0.05 during midday trading on Thursday, hitting $0.93. The company's stock had a trading volume of 1,160,253 shares, compared to its average volume of 878,134. The stock's 50 day simple moving average is $1.09 and its 200 day simple moving average is $1.23. 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 fifty-two week low of $0.70 and a fifty-two week high of $1.65.

WM Technology (NASDAQ:MAPS - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported $0.02 earnings per share for the quarter, meeting the consensus estimate of $0.02. The firm had revenue of $44.61 million during the quarter, compared to the consensus estimate of $43.00 million. WM Technology had a return on equity of 6.88% and a net margin of 4.36%.

Institutional Investors Weigh In On WM Technology

Several hedge funds have recently modified their holdings of the business. Bank of New York Mellon Corp raised its stake in WM Technology by 50.2% during the 4th quarter. Bank of New York Mellon Corp now owns 198,655 shares of the company's stock valued at $274,000 after purchasing an additional 66,426 shares during the last quarter. Los Angeles Capital Management LLC acquired a new stake in WM Technology in the 4th quarter worth $438,000. Raymond James Financial Inc. bought a new position in shares of WM Technology during the 4th quarter worth about $52,000. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of WM Technology by 53.7% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 657,768 shares of the company's stock valued at $908,000 after buying an additional 229,949 shares during the last quarter. Finally, Globeflex Capital L P bought a new stake in shares of WM Technology in the fourth quarter valued at about $183,000. 22.02% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Wall Street Zen raised WM Technology from a "buy" rating to a "strong-buy" rating in a research note on Thursday, May 22nd. Westpark Capital reissued a "buy" rating and issued a $2.61 price target on shares of WM Technology in a research report on Friday, May 9th.

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.

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