WM Technology, Inc. (NASDAQ:MAPS) Director Sells $56,875.91 in Stock

by · The Cerbat Gem

WM Technology, Inc. (NASDAQ:MAPS – Get Free Report) Director Brenda Freeman sold 62,501 shares of the company’s stock in a transaction on Tuesday, June 24th. The shares were sold at an average price of $0.91, for a total value of $56,875.91. Following the completion of the transaction, the director now owns 432,692 shares of the company’s stock, valued at $393,749.72. The trade was a 12.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

WM Technology Trading Up 5.3%

Shares of WM Technology stock opened at $0.93 on Friday. The business’s fifty day moving average price is $1.09 and its 200 day moving average price is $1.23. WM Technology, Inc. has a twelve month low of $0.70 and a twelve month high of $1.65. The stock has a market capitalization of $143.01 million, a P/E ratio of 11.58 and a beta of 1.06.

WM Technology (NASDAQ:MAPS – Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.02 earnings per share for the quarter, meeting the consensus estimate of $0.02. The business had revenue of $44.61 million for the quarter, compared to analyst estimates of $43.00 million. WM Technology had a return on equity of 6.88% and a net margin of 4.36%.

Wall Street Analyst Weigh In

Several analysts have commented on the company. Westpark Capital restated a “buy” rating and issued a $2.61 price target on shares of WM Technology in a report on Friday, May 9th. Wall Street Zen upgraded shares of WM Technology from a “buy” rating to a “strong-buy” rating in a report on Thursday, May 22nd.

Get Our Latest Research Report on WM Technology

Institutional Investors Weigh In On WM Technology

Several institutional investors have recently bought and sold shares of MAPS. Cubist Systematic Strategies LLC purchased a new position in shares of WM Technology in the 4th quarter valued at $28,000. The Manufacturers Life Insurance Company purchased a new stake in WM Technology during the 4th quarter worth $35,000. Voya Investment Management LLC acquired a new stake in WM Technology in the 4th quarter valued at $39,000. Kathmere Capital Management LLC purchased a new position in WM Technology in the first quarter valued at about $41,000. Finally, FNY Investment Advisers LLC lifted its stake in shares of WM Technology by 125.6% during the first quarter. FNY Investment Advisers LLC now owns 44,900 shares of the company’s stock worth $50,000 after purchasing an additional 25,000 shares in the last quarter. 22.02% of the stock is currently owned by hedge funds and other institutional investors.

WM Technology Company Profile

(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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