WM Technology (NASDAQ:MAPS) Trading 1.7% Higher - Time to Buy?

Key Points

• WM Technology shares rose 1.7% to $0.4138, though trading volume was 77% below the average session volume. The stock’s market capitalization is approximately $65.8 million.
• The company’s latest quarterly results fell slightly short of expectations, with earnings of $0.02 per share versus the $0.03 consensus estimate and revenue of $42.45 million versus $42.70 million expected.
• Institutional ownership stands at 22.02%, with several firms increasing their positions. WM Technology provides cloud-based wealth and asset-management software, including portfolio management, financial planning and compliance tools.

WM Technology, Inc. (NASDAQ:MAPS - Get Free Report)'s stock price shot up 1.7% during trading on Thursday . The stock traded as high as $0.4160 and last traded at $0.4138. 313,318 shares were traded during trading, a decline of 77% from the average session volume of 1,364,400 shares. The stock had previously closed at $0.4070.

WM Technology Stock Performance

The business has a fifty day moving average price of $0.38 and a 200 day moving average price of $0.48. The company has a market capitalization of $65.81 million, a PE ratio of 20.70 and a beta of 0.87.

WM Technology (NASDAQ:MAPS - Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.01). The firm had revenue of $42.45 million during the quarter, compared to analyst estimates of $42.70 million. WM Technology had a net margin of 1.12% and a return on equity of 1.51%.

Institutional Investors Weigh In On WM Technology

Institutional investors have recently bought and sold shares of the business. Corient Private Wealth LLC grew its holdings in WM Technology by 65.5% during the 4th quarter. Corient Private Wealth LLC now owns 151,593 shares of the company's stock valued at $125,000 after purchasing an additional 60,013 shares in the last quarter. Barclays PLC increased its position in shares of WM Technology by 11.9% in the 4th quarter. Barclays PLC now owns 139,680 shares of the company's stock worth $115,000 after purchasing an additional 14,844 shares during the last quarter. Wells Fargo & Company MN grew its stake in WM Technology by 81.9% in the fourth quarter. Wells Fargo & Company MN now owns 98,336 shares of the company's stock worth $81,000 after purchasing an additional 44,262 shares in the last quarter. Deutsche Bank AG grew its stake in WM Technology by 4,148.7% in the fourth quarter. Deutsche Bank AG now owns 66,365 shares of the company's stock worth $55,000 after purchasing an additional 64,803 shares in the last quarter. Finally, Bank of America Corp DE increased its holdings in 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. 22.02% of the stock is currently owned by hedge funds and other institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source