Shares of WM Technology, Inc. have an average recommend rating of “hold” from the six ratings firms (NASDAQ: MAPS – Get Rating) currently covering the company, according to MarketBeat.com. Four investment analysts have rated the stock with a Hold recommendation and one has given the company a Buy recommendation. Brokers who have reported on the stock in the last year have an average 12-month price target of $3.59.
Several research firms have commented on MAPS. Piper Sandler cut their price target on WM Technology from $4.00 to $3.00 and set a “neutral” rating on the company in a research report on Tuesday, November 8th. Cantor Fitzgerald cut their price target on WM Technology from $7.00 to $5.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 8th. Canaccord Genuity Group lowered their price target on shares of WM Technology from $6.00 to $4.75 in a research note on Tuesday, November 8th. BTIG Research downgraded shares of WM Technology from a “buy” rating to a “neutral” rating in a research note on Wednesday, August 10th. Finally, Truist Financial downgraded WM Technology from a “buy” rating to a “hold” rating and lowered their price target for the company from $5.00 to $2.00 in a research note on Tuesday, November 8th.
WM Technology Stock Performance
MAPS opened Friday at $1.24. The company has a market capitalization of $181.58 million, a price-to-earnings ratio of 3.02, and a beta of 1.08. WM Technology had a 52-week low of $1.03 and a 52-week high of $8.35. The company’s 50-day moving average is $1.69 and its 200-day moving average is $3.10.
WM Technology (NASDAQ: MAPS – Get Rating ) last reported quarterly earnings data on Monday, November 7th. The company reported earnings per share ($0.06) for the quarter, meeting consensus estimates ($0.06). WM Technology has a negative return on equity of 40.79% and a net profit margin of 12.67%. The business reported revenue of $50.5 million for the quarter, compared with the consensus estimate of $50.17 million. On average, research analysts forecast WM Technology to post earnings per share of -0.19 for the current fiscal year.
In other WM Technology news, General Counsel Brian Camire sold 28,716 shares of company stock in a transaction that occurred on Thursday, November 17th. The stock sold at an average price of $1.21 for a total value of $34,746.36. Following the sale, the General Counsel now owns 171,965 shares of company stock, valued at $208,077.65. The sale was disclosed in a legal filing with the U.S. Securities and Exchange Commission, which is available at this hyperlink. In other news, General Counsel Brian Camire sold 28,716 shares of company stock in a transaction that occurred on Thursday, November 17. The stock sold at an average price of $1.21 for a total value of $34,746.36. Following the transaction, the general counsel now owns 171,965 shares of the company, worth $208,077.65. The transaction is disclosed in a filing with the US Securities and Exchange Commission, which can be accessed through the SEC’s website. Additionally, insider Justin Dean sold 26,977 shares of the company in a trade that occurred on Thursday, November 17th. These shares sold at an average price of $1.20, for a total value of $32,372.40. Following the transaction, the insider now owns 252,857 shares of the company, worth approximately $303,428.40. The disclosure for this sale can be found here. In the past 90 days, insiders sold 127,383 shares of the company stock worth $153,147. Company insiders own 41.89% of the company.
Institutional deals for WM Technology
Hedge funds have recently bought and sold the company’s shares. Senvest Management LLC increased its stake in WM Technology by 27.4% in the third quarter. Senvest Management LLC now owns 7,359,605 shares of the company worth $11,849,000 after purchasing an additional 1,581,208 shares during the period. Vanguard increased its stake in WM Technology by 40.7% in the first quarter. Vanguard now owns 4,687,365 shares of the company worth $36,655,000 after purchasing an additional 1,356,144 shares during that period. BlackRock increased its stake in WM Technology by 0.3% in the third quarter. BlackRock now owns 4,389,662 shares of the company worth $7,068,000 after purchasing an additional 11,876 shares during that period. ETF Managers Group LLC increased its stake in WM Technology by 14.6% in the third quarter. ETF Managers Group LLC now owns 4,188,384 shares of the company worth $6,743,000 after purchasing an additional 532,352 shares during the period. Finally, Luxor Capital Group LP increased its stake in WM Technology by 8.0% during the third quarter. Luxor Capital Group LP now owns 2,851,417 shares of the company worth $4,590,000 after purchasing an additional 211,413 shares during the period. 34.47% of the shares are currently held by institutional investors.
WM Technology Company Profile
WM Technology, Inc provides e-commerce and compliance software solutions to retailers and brands in the U.S., Canadian and international cannabis markets. The company offers the Weedmaps marketplace, which allows cannabis users to search and browse retailers and brands of cannabis products, and to pre-order products from local retailers; information about the cannabis plant, and related services for the industry and advocacy for legalization.
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