WM Technology (NASDAQ:MAPS) Stock Rating Reaffirmed by Westpark Capital

Westpark Capital restated their buy rating on shares of WM Technology (NASDAQ:MAPS) in a report published on Monday, Marketbeat reports. The brokerage currently has a $2.61 price target on the stock.

WM Technology Stock Up 1.0 %

NASDAQ MAPS opened at $1.04 on Monday. WM Technology has a twelve month low of $0.70 and a twelve month high of $1.88. The stock has a 50-day moving average of $1.02 and a 200 day moving average of $1.04.

WM Technology (NASDAQ:MAPS) last released its quarterly earnings results on Friday, May 24th. The company reported $0.01 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.02. The company had revenue of $44.39 million during the quarter. WM Technology had a negative return on equity of 13.38% and a negative net margin of 3.65%.

Insider Buying and Selling at WM Technology

In other WM Technology news, General Counsel Brian Camire sold 70,851 shares of the stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $0.98, for a total transaction of $69,433.98. Following the completion of the transaction, the general counsel now owns 696,718 shares of the company’s stock, valued at $682,783.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other WM Technology news, Director Olga Gonzalez sold 90,396 shares of the stock in a transaction that occurred on Monday, June 24th. The stock was sold at an average price of $1.01, for a total transaction of $91,299.96. Following the completion of the transaction, the director now owns 495,191 shares of the company’s stock, valued at $500,142.91. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, General Counsel Brian Camire sold 70,851 shares of the stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $0.98, for a total value of $69,433.98. Following the transaction, the general counsel now directly owns 696,718 shares of the company’s stock, valued at approximately $682,783.64. The disclosure for this sale can be found here. Insiders sold 200,557 shares of company stock valued at $199,783 over the last quarter. 23.23% of the stock is currently owned by insiders.

Institutional Investors Weigh In On WM Technology

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Tidal Investments LLC acquired a new stake in shares of WM Technology in the first quarter valued at approximately $4,685,000. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of WM Technology by 36.3% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,518,695 shares of the company’s stock valued at $3,350,000 after purchasing an additional 671,253 shares during the last quarter. Quadrature Capital Ltd acquired a new stake in shares of WM Technology in the first quarter valued at approximately $53,000. Virtu Financial LLC acquired a new stake in shares of WM Technology in the first quarter valued at approximately $28,000. Finally, AXS Investments LLC increased its holdings in shares of WM Technology by 31.2% in the fourth quarter. AXS Investments LLC now owns 813,922 shares of the company’s stock valued at $586,000 after purchasing an additional 193,344 shares during the last quarter. Institutional investors and hedge funds own 22.02% of the company’s stock.

WM Technology Company Profile

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.