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

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

WM Technology Trading Up 1.4%

Shares of WM Technology stock traded up $0.02 on Friday, reaching $1.10. 759,620 shares of the company were exchanged, compared to its average volume of 933,807. WM Technology has a one year low of $0.70 and a one year high of $1.65. The company has a market capitalization of $169.01 million, a price-to-earnings ratio of -36.49 and a beta of 1.06. The company has a 50-day moving average of $1.09 and a 200 day moving average of $1.25.

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

Insider Buying and Selling at WM Technology

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Tidal Investments LLC lifted its stake in WM Technology by 4.3% in the 4th quarter. Tidal Investments LLC now owns 3,666,334 shares of the company's stock valued at $5,060,000 after purchasing an additional 149,928 shares during the last quarter. Segall Bryant & Hamill LLC bought a new stake in WM Technology in the first quarter valued at approximately $3,056,000. Renaissance Technologies LLC lifted its position in shares of WM Technology by 101.2% in the fourth quarter. Renaissance Technologies LLC now owns 2,561,700 shares of the company's stock valued at $3,535,000 after buying an additional 1,288,497 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new position in shares of WM Technology during the 4th quarter worth approximately $1,767,000. Finally, Scoggin Management LP acquired a new position in shares of WM Technology during the 1st quarter worth approximately $1,130,000. 22.02% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on MAPS shares. 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. Westpark Capital reiterated a "buy" rating and set a $2.61 target price on shares of WM Technology in a 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.