WM Technology (NASDAQ:MAPS) Posts Quarterly Earnings Results, Misses Expectations By $0.03 EPS

Key Points

• WM Technology (NASDAQ:MAPS) reported earnings of $0.01 EPS for the quarter, falling short of expectations by $0.03 EPS, with a net revenue of $44.85 million compared to an estimate of $45 million.
• The company's CEO recently sold 155,897 shares at an average price of $1.11, resulting in a 1.72% decrease in his ownership stake.
• AQR Capital Management increased its stake in WM Technology by 505.5% during the first quarter, owning approximately 0.13% of the company following the acquisition.

WM Technology (NASDAQ:MAPS - Get Free Report) announced its earnings results on Thursday. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.03), Zacks reports. WM Technology had a return on equity of 7.32% and a net margin of 4.77%. The business had revenue of $44.85 million for the quarter, compared to analyst estimates of $45.00 million. WM Technology updated its Q3 2025 guidance to EPS.

WM Technology Price Performance

WM Technology stock traded up $0.03 during mid-day trading on Friday, reaching $0.93. The company had a trading volume of 685,818 shares, compared to its average volume of 616,849. WM Technology has a 1 year low of $0.70 and a 1 year high of $1.65. The company has a market capitalization of $143.90 million, a P/E ratio of 11.66 and a beta of 1.02. The stock's 50-day simple moving average is $0.97 and its 200-day simple moving average is $1.13.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Wall Street Zen cut shares of WM Technology from a "strong-buy" rating to a "hold" rating in a report on Saturday. Westpark Capital reissued a "buy" rating and set a $2.61 price target on shares of WM Technology in a report on Friday, May 9th.

Insider Buying and Selling at WM Technology

In other news, CEO Douglas Francis sold 155,897 shares of the firm'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 transaction of $173,045.67. Following the completion of the transaction, the chief executive officer directly owned 8,886,513 shares of the company's stock, valued at $9,864,029.43. This trade represents a 1.72% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Olga Gonzalez sold 62,501 shares of the firm's stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of $0.91, for a total transaction of $56,875.91. Following the transaction, the director directly owned 432,690 shares of the company's stock, valued at approximately $393,747.90. This trade represents a 12.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 799,267 shares of company stock worth $825,747. 23.64% of the stock is currently owned by insiders.

Institutional Trading of WM Technology

A hedge fund recently raised its stake in WM Technology stock. AQR Capital Management LLC increased its position in shares of WM Technology, Inc. (NASDAQ:MAPS - Free Report) by 505.5% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 199,598 shares of the company's stock after acquiring an additional 166,634 shares during the quarter. AQR Capital Management LLC owned approximately 0.13% of WM Technology worth $226,000 as of its most recent filing with the SEC. 22.02% of the stock is owned by hedge funds and other 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.