BM Technologies’ (BMTX) “Buy” Rating Reiterated at Chardan Capital

BM Technologies (NYSE:BMTX)‘s stock had its “buy” rating reissued by equities research analysts at Chardan Capital in a research note issued on Monday, Benzinga reports. They presently have a $8.00 target price on the stock. Chardan Capital’s price objective would indicate a potential upside of 187.77% from the company’s current price.

BM Technologies Trading Down 0.7 %

NYSE BMTX opened at $2.78 on Monday. The firm has a market capitalization of $33.53 million and a PE ratio of -2.75. The business’s 50-day moving average price is $1.69 and its two-hundred day moving average price is $2.08. BM Technologies has a 12 month low of $1.41 and a 12 month high of $3.85.

BM Technologies (NYSE:BMTX) last posted its quarterly earnings data on Wednesday, May 15th. The company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.21. The company had revenue of $16.18 million for the quarter, compared to analyst estimates of $15.33 million. BM Technologies had a negative return on equity of 33.46% and a negative net margin of 19.78%. As a group, analysts forecast that BM Technologies will post -0.86 earnings per share for the current fiscal year.

Hedge Funds Weigh In On BM Technologies

A hedge fund recently bought a new stake in BM Technologies stock. Landscape Capital Management L.L.C. purchased a new position in shares of BM Technologies, Inc. (NYSE:BMTX) in the third quarter, according to its most recent filing with the SEC. The firm purchased 13,869 shares of the company’s stock, valued at approximately $28,000. Landscape Capital Management L.L.C. owned 0.12% of BM Technologies at the end of the most recent quarter. 20.15% of the stock is owned by institutional investors.

About BM Technologies

BM Technologies, Inc, a financial technology company, facilitates deposits and banking services between a customer and its partner banks in the United States. It offers digital banking and disbursement services to consumers and students through a full service fintech banking platform. The company was formerly known as BankMobile Technologies, Inc and changed its name to BM Technologies, Inc in January 2021.