Strs Ohio increased its position in WM Technology, Inc. (NASDAQ:MAPS – Get Rating) shares by 1,331.7% in the third quarter. The company owned 239,100 shares of the company after acquiring an additional 222,400 shares during the quarter. Strs Ohio owned about 0.18% of WM Technology worth $384,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently changed positions in the company. BlackRock Inc. increased his stake in WM Technology by 0.5% in the first quarter. BlackRock Inc. now owns his 785,149 shares of the company stock worth $6,140,000 after acquiring an additional 4,220 shares during this period. Royce & Associates LP increased his WM Technology stake by 11.2% in the second quarter. Royce & Associates LP now owns 56,700 shares of the company, valued at $187,000, after purchasing an additional 5,700 shares during this period. PEAK6 Investments LLC increased its stake in WM Technology by 13.5% in the first quarter. PEAK6 Investments LLC now owns 48,329 shares of the company, valued at $378,000, after purchasing an additional 5,755 shares during this period. Nisa Investment Advisors LLC purchased a new position in WM Technology worth approximately $25,000 in the second quarter. Finally, the Swiss National Bank increased WM Technology shares by 6.8% in the second quarter. The Swiss National Bank now owns 132,700 shares of the company worth $437,000 after purchasing a further 8,500 shares during this period. Institutional investors own 31.72% of the company’s shares.
WM Technology shares drop 9.2%
NASDAQ:MAPS opened at $1.08 on Friday. The business has a 50-day moving average price of $1.12 and a 200-day moving average price of $2.03. WM Technology, Inc. has a 12-month low of $0.80 and a 12-month high of $8.35. The stock has a market cap of $158.15 million, a P/E of 2.63 and a beta of 0.94.
WM Technology (NASDAQ:MAPS – Get Rating) last reported quarterly results on Monday, November 7th. The company reported his earnings per share ($0.06) for the quarter, meeting consensus expectations ($0.06). WM Technology’s return on equity was 40.79% and net profit margin was 12.67%. The company posted revenue of $50.5 million for the quarter, compared with analysts’ expectations of $50.17 million. On average, equity research analysts expect WM Technology, Inc. to post -0.23 EPS for the current financial year.
Wall Street analyst opinion
MAPS has been the subject of several analyst reports. Cantor Fitzgerald lowered his price target for WM Technology from his $7.00 to his $5.00, setting the company’s valuation to “Overweight” in a research note on Tuesday, Nov. 8. Piper Sandler lowered her WM Technology target price to $3.00 from her $4.00 and set the company’s rating to “neutral” in a research note on Tuesday, Nov. 8. Canaccord Genuity Group lowered its target price for WM Technology from $6.00 to $4.75 in its research notes on Tuesday, November 8th. Finally, in a report on Tuesday, November 8, Trust Financial lowered WM Technology’s rating from ‘buy’ to ‘hold’ and lowered its price target from $5.00 to $2.00. Four equity research analysts rated the stock as a hold and two rated it as a buy. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $3.59.
Insider activity at WM Technology
In related news, CFO Arden Lee sold 28,977 shares of the company in a transaction on Thursday, November 17th. The shares sold for an average of $1.20, and the total transaction value he had was $34,772.40. Following the transaction, the Chief Financial Officer now directly owns 495,616 shares of the Company’s stock valued at approximately $594,739.20. The sale was disclosed in legal filings with the SEC that can be accessed at this link. In related news, CFO Arden Lee sold 28,977 shares of the company in a transaction on Thursday, November 17th. The shares sold for an average of $1.20, and the total transaction value he had was $34,772.40. Following the transaction, the Chief Financial Officer now directly owns 495,616 shares of the Company’s stock valued at approximately $594,739.20. The sale was disclosed in legal filings with the SEC that can be accessed at this link. COO Juan Jose Feijoo-Osorio also sold 42,713 shares of the company in a transaction on Thursday, November 17th. The shares were sold at an average price of $1.20 for a total of $51,255.60. Post-transaction, the Chief Operating Officer now directly owns 340,889 shares in the company, valued at $409,066.80. Please see here for the disclosure of this sale. In the past three months, the insider has sold 127,383 shares of his company stock worth $153,147. A corporate insider owns his 41.89% of the company’s shares.
About WM Technology
(get rating)
WM Technology, Inc provides e-commerce and compliance software solutions to retailers and brands in the US, Canadian and international cannabis markets. The company offers a Weedmaps marketplace where cannabis users can search and browse cannabis products from retailers and brands and reserve products from local retailers. Advocacy for cannabis plant information, industry, and related services for legalization.
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