WM Technology (NASDAQ:MAPS) Given Sell (D+) Rating at Weiss Ratings

Key Points

• WM Technology's stock (NASDAQ:MAPS) has been given a sell (D+) rating by Weiss Ratings, indicating a bearish outlook from analysts.
• Following its recent earnings report, WM Technology missed earnings and revenue estimates, reporting $0.01 EPS against an expectation of $0.04, with revenues of $44.85 million compared to the anticipated $45 million.
• Insider sales were noted with General Counsel Brian Camire selling 90,482 shares and CEO Douglas Francis selling 156,974 shares, reflecting a potential decrease in confidence among company executives.

WM Technology (NASDAQ:MAPS - Get Free Report)'s stock had its "sell (d+)" rating restated by stock analysts at Weiss Ratings in a research report issued to clients and investors on Friday,Weiss Ratings reports.

Several other brokerages have also commented on MAPS. Wall Street Zen lowered shares of WM Technology from a "strong-buy" rating to a "hold" rating in a research report on Saturday, August 9th. Westpark Capital reiterated a "buy" rating and issued a $2.61 target price on shares of WM Technology in a research note on Monday, August 11th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, WM Technology has an average rating of "Hold" and an average target price of $2.61.

WM Technology Stock Performance

NASDAQ:MAPS traded up $0.11 during trading on Friday, reaching $1.19. The company's stock had a trading volume of 1,684,364 shares, compared to its average volume of 1,044,907. The firm has a market cap of $186.29 million, a price-to-earnings ratio of 14.88 and a beta of 1.08. WM Technology has a 12 month low of $0.70 and a 12 month high of $1.65. The firm has a 50 day moving average of $1.17 and a 200-day moving average of $1.08.

WM Technology (NASDAQ:MAPS - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.03). The company had revenue of $44.85 million during the quarter, compared to the consensus estimate of $45.00 million. WM Technology had a return on equity of 7.20% and a net margin of 4.77%. WM Technology has set its Q3 2025 guidance at EPS.

Insiders Place Their Bets

In related news, General Counsel Brian Camire sold 90,482 shares of the company's stock in a transaction on Monday, August 18th. The shares were sold at an average price of $1.17, for a total transaction of $105,863.94. Following the completion of the sale, the general counsel directly owned 1,933,841 shares in the company, valued at $2,262,593.97. This represents a 4.47% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Douglas Francis sold 156,974 shares of the company's stock in a transaction on Monday, August 18th. The shares were sold at an average price of $1.16, for a total transaction of $182,089.84. Following the sale, the chief executive officer owned 8,729,539 shares of the company's stock, valued at $10,126,265.24. This represents a 1.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 23.64% of the company's stock.

Institutional Investors Weigh In On WM Technology

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Shay Capital LLC raised its holdings in WM Technology by 106.0% during the 2nd quarter. Shay Capital LLC now owns 204,788 shares of the company's stock valued at $183,000 after buying an additional 105,368 shares during the last quarter. NewEdge Advisors LLC bought a new stake in WM Technology during the 2nd quarter valued at $42,000. Alpha Wave Global LP increased its position in WM Technology by 236.5% during the 2nd quarter. Alpha Wave Global LP now owns 339,951 shares of the company's stock valued at $305,000 after purchasing an additional 238,916 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its position in WM Technology by 2.9% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 771,725 shares of the company's stock valued at $691,000 after purchasing an additional 21,671 shares during the period. Finally, Los Angeles Capital Management LLC increased its position in WM Technology by 29.5% during the 2nd quarter. Los Angeles Capital Management LLC now owns 1,083,336 shares of the company's stock valued at $971,000 after purchasing an additional 246,580 shares during the period. 22.02% of the stock is currently owned by institutional investors.

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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