WM Technology, Inc. (NASDAQ:MAPS) Short Interest Update

WM Technology, Inc. (NASDAQ:MAPS - Get Free Report) saw a large decrease in short interest in May. As of May 15th, there was short interest totalling 1,740,000 shares, a decrease of 14.7% from the April 30th total of 2,040,000 shares. Approximately 2.2% of the company's stock are short sold. Based on an average daily volume of 822,700 shares, the short-interest ratio is currently 2.1 days.

Insider Buying and Selling at WM Technology

In related news, General Counsel Brian Camire sold 373,523 shares of the company's stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $1.09, for a total transaction of $407,140.07. Following the sale, the general counsel now directly owns 2,024,323 shares of the company's stock, valued at approximately $2,206,512.07. This represents a 15.58% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Douglas Francis sold 155,897 shares of the company's stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $1.11, for a total value of $173,045.67. Following the sale, the chief executive officer now directly owns 8,886,513 shares in the company, valued at approximately $9,864,029.43. This represents a 1.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. 23.64% of the stock is currently owned by corporate insiders.

Institutional Trading of WM Technology

Several institutional investors have recently modified their holdings of MAPS. Segall Bryant & Hamill LLC acquired a new stake in WM Technology in the 1st quarter valued at $3,056,000. Renaissance Technologies LLC lifted its stake in shares of WM Technology by 101.2% during the fourth quarter. Renaissance Technologies LLC now owns 2,561,700 shares of the company's stock valued at $3,535,000 after acquiring an additional 1,288,497 shares during the period. Arrowstreet Capital Limited Partnership acquired a new position in shares of WM Technology during the fourth quarter valued at $1,767,000. Scoggin Management LP bought a new stake in WM Technology in the first quarter valued at about $1,130,000. Finally, Two Sigma Investments LP increased its holdings in WM Technology by 436.1% in the fourth quarter. Two Sigma Investments LP now owns 615,959 shares of the company's stock valued at $850,000 after purchasing an additional 501,058 shares during the last quarter. Institutional investors and hedge funds own 22.02% of the company's stock.

WM Technology Stock Up 2.8%

Shares of MAPS traded up $0.03 during midday trading on Friday, reaching $1.11. 937,288 shares of the stock were exchanged, compared to its average volume of 864,341. WM Technology has a 12-month low of $0.70 and a 12-month high of $1.65. The firm has a 50 day simple moving average of $1.09 and a 200-day simple moving average of $1.25. The company has a market cap of $171.33 million, a price-to-earnings ratio of -36.99 and a beta of 1.06.

WM Technology (NASDAQ:MAPS - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.02 earnings per share for the quarter, meeting analysts' consensus estimates of $0.02. The business had revenue of $44.61 million for the quarter, compared to the consensus estimate of $43.00 million. WM Technology had a negative return on equity of 1.68% and a negative net margin of 1.02%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on MAPS. 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 note 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.