Strs Ohio raised its position in shares of WM Technology, Inc. (NASDAQ:MAPS – Get Rating) by 1,331.7% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 239,100 shares of the company’s stock 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.
A number of other institutional investors and hedge funds have also modified their positions in the company. BlackRock Inc. grew its stake in shares of WM Technology by 0.5% in the first quarter. BlackRock Inc. now owns 785,149 shares of the company’s stock valued at $6,140,000 after acquiring an additional 4,220 shares during the period. Royce & Associates LP boosted its stake in WM Technology by 11.2% in the second quarter. Royce & Associates LP now owns 56,700 shares of the company’s stock valued at $187,000 after buying an additional 5,700 shares during the period. PEAK6 Investments LLC boosted its stake in WM Technology by 13.5% in the first quarter. PEAK6 Investments LLC now owns 48,329 shares of the company’s stock valued at $378,000 after buying an additional 5,755 shares during the period. Nisa Investment Advisors LLC bought a new position in WM Technology in the 2nd quarter worth about $25,000. Finally, Swiss National Bank grew its stake in WM Technology by 6.8% in the second quarter. Swiss National Bank now owns 132,700 shares of the company’s stock valued at $437,000 after purchasing an additional 8,500 shares during the period. Institutional investors own 31.72% of the company’s stock.
WM Technology Remains Down 9.2%
NASDAQ:MAPS opened at $1.08 on Friday. The 50-day moving average is $1.12 and the 200-day moving average is $2.03. WM Technology, Inc. it has a twelve month low of $0.80 and a twelve month high of $8.35. The stock has a market cap of $158.15 million, a P/E ratio of 2.63 and a beta of 0.94.
WM Technology (NASDAQ:MAPS – Get Rating ) last released its quarterly earnings results on Monday, November 7. The company reported ($0.06) earnings per share for the quarter, hitting the consensus estimate of ($0.06). WM Technology had a negative return of 40.79% with a margin of 12.67%. The company had revenue of $50.50 million for the quarter, compared to analysts’ expectations of $50.17 million. On average, equities research analysts expect that WM Technology, Inc. it will post -0.23 EPS for the current year.
Wall Street Analyst Weight In
MAPS has been the subject of several evaluation reports. Cantor Fitzgerald cut their target price on WM Technology from $7.00 to $5.00 and set an “overweight” rating for the company in a research note on Tuesday, November 8th. Piper Sandler cut their price target on WM Technology from $4.00 to $3.00 and set a “neutral” rating for the company in a research note on Tuesday, November 8th. Canaccord Genuity Group cut their target price on WM Technology from $6.00 to $4.75 in a research note on Tuesday, November 8th. Finally, Truist Financial cut 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 report on Tuesday, November 8th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $3.59.
Insider Activity at WM Technology
In related news, CFO Arden Lee sold 28,977 shares of the company’s stock in a transaction dated Thursday, November 17th. The stock was sold at a price of $1.20, for a total transaction of $34,772.40. Following the sale, the chief financial officer now owns 495,616 shares of the company’s stock, valued at approximately $594,739.20. The transaction was disclosed in a regulatory filing with the SEC, which is available through this link. In related news, CFO Arden Lee sold 28,977 shares of the company’s stock in a transaction dated Thursday, November 17th. The stock was sold at a price of $1.20, for a total transaction of $34,772.40. Following the sale, the chief financial officer now owns 495,616 shares of the company’s stock, valued at approximately $594,739.20. The transaction was disclosed in a regulatory filing with the SEC, which is available through this link. Also, COO Juan Jose Feijoo-Osorio sold 42,713 shares of the company’s stock in a transaction dated Thursday, November 17th. The shares traded at an average price of $1.20, for a total value of $51,255.60. Following the transaction, the chief operating officer now owns 340,889 shares in the company, valued at $409,066.80. A disclosure of the transaction can be found here. Over the last three months, insiders have sold 127,383 shares of company stock valued at $153,147. Company insiders own 41.89% of the company’s stock.
More on WM Technology
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WM Technology, Inc provides ecommerce software and tracking solutions for retailers and brands in the cannabis market in the United States, Canada, and other countries. The company offers a Weedmaps marketplace that allows cannabis users to search and browse cannabis products from vendors by brand, and stock items from local vendors; and information about the cannabis plant, and industries and representations related to legal services.
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Want to see what other hedge funds have with MAPS? Visit HoldingsChannel.com for the latest 13F filings and insider trading for WM Technology, Inc. (NASDAQ: MAPS – Get Rating).
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