WM Technology (MAPS) Projected to Post Quarterly Earnings on Thursday

Key Points

• WM Technology will report quarterly results after the market closes on Thursday, March 12, with analysts expecting earnings of $0.03 per share and revenue of $42.00 million.
• Insiders have been selling shares recently: General Counsel Brian Camire and CTO Sarah Griffis sold stock on Feb. 18, and insiders have offloaded 475,260 shares worth $323,177 in the past 90 days, leaving insiders with 23.64% ownership.
• The stock trades around $0.73 with a market cap of about $114 million and a P/E of 10.36; Weiss Ratings recently downgraded MAPS to a "sell," while the consensus analyst rating is "Hold" with a $2.61 target.

WM Technology (NASDAQ:MAPS - Get Free Report) is anticipated to announce its results after the market closes on Thursday, March 12th. Analysts expect the company to announce earnings of $0.03 per share and revenue of $42.00 million for the quarter.

WM Technology Stock Down 1.9%

NASDAQ MAPS opened at $0.73 on Friday. The stock has a market capitalization of $114.05 million, a P/E ratio of 10.36 and a beta of 1.20. WM Technology has a 52-week low of $0.63 and a 52-week high of $1.37. The firm has a 50-day moving average price of $0.77 and a 200 day moving average price of $0.95.

Insider Buying and Selling at WM Technology

In other news, General Counsel Brian Camire sold 101,209 shares of the company's stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $0.68, for a total value of $68,822.12. Following the sale, the general counsel directly owned 1,741,653 shares in the company, valued at $1,184,324.04. This represents a 5.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO Sarah Griffis sold 271,032 shares of the stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $0.68, for a total value of $184,301.76. Following the sale, the chief technology officer directly owned 1,528,968 shares in the company, valued at approximately $1,039,698.24. The trade was a 15.06% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 475,260 shares of company stock worth $323,177. 23.64% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in MAPS. Centiva Capital LP purchased a new position in WM Technology in the 3rd quarter valued at about $31,000. Virtu Financial LLC purchased a new stake in shares of WM Technology during the third quarter worth about $32,000. OLD Mission Capital LLC acquired a new position in shares of WM Technology in the fourth quarter valued at approximately $27,000. Bank of America Corp DE raised its position in shares of WM Technology by 54.9% in the third quarter. Bank of America Corp DE now owns 36,989 shares of the company's stock valued at $43,000 after buying an additional 13,116 shares during the last quarter. Finally, NewEdge Advisors LLC purchased a new position in shares of WM Technology during the second quarter valued at approximately $42,000. Institutional investors and hedge funds own 22.02% of the company's stock.

Analyst Ratings Changes

Separately, Weiss Ratings lowered WM Technology from a "hold (c-)" rating to a "sell (d+)" rating in a report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $2.61.

About WM Technology

WM Technology, Inc is a software-as-a-service provider that delivers cloud-based solutions to the wealth and asset management industry. The company's platform is designed to support financial advisors, broker-dealers and registered investment advisors with digital investment advice, portfolio management, performance reporting and compliance monitoring.

WM Technology's product suite includes tools for streamlined client onboarding, interactive financial planning, automated portfolio rebalancing and tax-aware investment strategies.

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