WM Technology, Inc. (NASDAQ:MAPS - Get Free Report)'s stock price dropped 4.3% during trading on Monday . The company traded as low as $0.97 and last traded at $0.97. Approximately 854,627 shares traded hands during trading, an increase of 0% from the average daily volume of 853,600 shares. The stock had previously closed at $1.01.
Wall Street Analyst Weigh In
MAPS has been the topic of a number of research reports. Wall Street Zen raised shares of WM Technology from a "buy" rating to a "strong-buy" rating in a research report on Thursday, May 22nd. Westpark Capital reaffirmed a "buy" rating and set a $2.61 target price on shares of WM Technology in a research report on Friday, May 9th.
Check Out Our Latest Stock Report on WM Technology
WM Technology Price Performance
The company has a market capitalization of $147.87 million, a PE ratio of 12.00 and a beta of 1.01. The company's fifty day moving average is $1.02 and its 200-day moving average is $1.18.
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 (EPS) for the quarter, meeting the consensus estimate of $0.02. The company had revenue of $44.61 million for the quarter, compared to analyst estimates of $43.00 million. WM Technology had a net margin of 4.36% and a return on equity of 6.88%.
Insider Activity at WM Technology
In related news, Director Olga Gonzalez sold 62,501 shares of WM Technology stock in a transaction that occurred on Tuesday, June 24th. The shares were 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 $393,747.90. This trade represents a 12.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Brenda Freeman sold 62,501 shares of the firm's stock in a transaction that occurred on Tuesday, June 24th. The shares were sold at an average price of $0.91, for a total transaction of $56,875.91. Following the completion of the sale, the director owned 432,692 shares of the company's stock, valued at approximately $393,749.72. This trade represents a 12.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 799,267 shares of company stock valued at $825,747 over the last quarter. 23.64% of the stock is owned by insiders.
Institutional Investors Weigh In On WM Technology
Several institutional investors have recently bought and sold shares of the company. Price T Rowe Associates Inc. MD boosted its stake in WM Technology by 42.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 38,765 shares of the company's stock valued at $54,000 after acquiring an additional 11,573 shares in the last quarter. Wells Fargo & Company MN boosted its stake in WM Technology by 52.0% in the fourth quarter. Wells Fargo & Company MN now owns 41,053 shares of the company's stock valued at $57,000 after acquiring an additional 14,043 shares in the last quarter. Barclays PLC boosted its stake in WM Technology by 12.4% in the fourth quarter. Barclays PLC now owns 136,584 shares of the company's stock valued at $188,000 after acquiring an additional 15,074 shares in the last quarter. Northern Trust Corp boosted its stake in WM Technology by 2.4% in the fourth quarter. Northern Trust Corp now owns 719,573 shares of the company's stock valued at $993,000 after acquiring an additional 16,737 shares in the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new stake in WM Technology in the fourth quarter valued at approximately $28,000. 22.02% of the stock is currently owned by institutional investors and hedge funds.
About WM Technology
(
Get Free Report)
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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