WM Technology (NASDAQ:MAPS) Shares Down 5.3% – What’s Next?

by · The Markets Daily

WM Technology, Inc. (NASDAQ:MAPS – Get Free Report) fell 5.3% during trading on Wednesday. The stock traded as low as $0.29 and last traded at $0.2999. 101,073 shares were traded during mid-day trading, a decline of 91% from the average daily volume of 1,128,189 shares. The stock had previously closed at $0.3166.

WM Technology Stock Performance

The company has a 50-day simple moving average of $0.37 and a two-hundred day simple moving average of $0.38. The firm has a market capitalization of $47.70 million, a P/E ratio of 15.00 and a beta of 0.93.

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

Institutional Investors Weigh In On WM Technology

A hedge fund recently raised its position in WM Technology stock. DGS Capital Management LLC grew its position in WM Technology, Inc. (NASDAQ:MAPS – Free Report) by 143.6% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 37,041 shares of the company’s stock after buying an additional 21,834 shares during the period. DGS Capital Management LLC’s holdings in WM Technology were worth $31,000 as of its most recent SEC filing. Institutional investors and hedge funds own 22.02% of the company’s stock.

WM Technology Company Profile

(Get Free Report)

WM Technology, Inc, operating under the Weedmaps brand, provides an online marketplace and technology platform for the regulated cannabis industry. Its Weedmaps marketplace connects consumers with licensed cannabis retailers, dispensaries and delivery providers, allowing users to discover products, review menus and place orders where permitted by local regulations.

The company also offers software and digital marketing tools for cannabis businesses. These services help retailers and brands manage online menus, customer relationships, advertising, promotions and other aspects of their digital presence.

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