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    Technology

    Strrs Ohio Buys 222,400 Shares of WM Technology, Inc. (NASDAQ: MAPS)

    shivachetanbijjal@gmail.comBy shivachetanbijjal@gmail.comJanuary 20, 2023No Comments6 Mins Read
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    WM Tech LogoAccording to a recent 13F filing with the SEC, Strs Ohio increased its stake in WM Technology, Inc. (NASDAQ: MAPS – Get Rating ) by 1,331.7% during the third quarter. The company owns 239,100 shares of the company after acquiring an additional 222,400 shares during the quarter. At the end of the most recent quarter, Strs Ohio owned approximately 0.18% of WM Technology, worth $384,000.

    Several other institutional investors and hedge funds have also recently adjusted their positions in the company. BlackRock Inc. increased its stake in WM Technology by 0.5% in the first quarter. BlackRock now owns 785,149 shares of the company worth $6,140,000 after acquiring an additional 4,220 shares during the period. Royce & Associates LP increased its stake in WM Technology by 11.2% in the second quarter. Royce & Associates LP now owns 56,700 shares of the company, worth $187,000, after purchasing an additional 5,700 shares during that period. PEAK6 Investments LLC increased its stake in WM Technology by 13.5% in the first quarter. During that period, PEAK6 Investments LLC now owns 48,329 shares of the company worth $378,000 after purchasing an additional 5,755 shares. Nisa Investment Advisors LLC bought a new position in WM Technology in the second quarter, worth about $25,000. Finally, the Swiss National Bank increased its stake in WM Technology by 6.8% in the second quarter. The Swiss National Bank now owns 132,700 shares of the company, worth $437,000, after purchasing an additional 8,500 shares during the period. Institutional investors hold 31.72% of the company’s shares.

    WM Tech shares down 9.2%

    Nasdaq: MAPS opened Friday at $1.08. The company’s 50-day moving average is $1.12 and its 200-day moving average is $2.03. WM Technology, Inc. had a twelve-month low of $0.80 and a twelve-month high of $8.35. The market cap is $158.15 million, with a P/E ratio of 2.63 and a beta of 0.94.

    WM Technology (NASDAQ: MAPS – Get Rating ) last reported quarterly earnings results on Monday, November 7th. The company reported earnings per share ($0.06) for the quarter, meeting consensus estimates ($0.06). WM Technology has a negative return on equity of 40.79% and a net profit margin of 12.67%. The company’s revenue for the quarter was $50.5 million, beating analysts’ estimate of $50.17 million. On average, equity research analysts expect WM Technology, Inc. to post earnings per share of -0.23 for the fiscal year.

    Wall Street analysts weigh in

    MAPS has been the subject of several analytical reports. Cantor Fitzgerald cut their price target on WM Technology from $7.00 to $5.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 8th. Piper Sandler cut their price target on WM Technology from $4.00 to $3.00 and set a “neutral” rating on the company in a research report on Tuesday, November 8th. Canaccord Genuity Group lowered their price target on shares of WM Technology from $6.00 to $4.75 in a research note on Tuesday, November 8th. Finally, Truist Financial downgraded shares of 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 equity 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 currently has a consensus rating of “Hold” and a consensus price target of $3.59.

    WM Technology’s internal activities

    In related news, Chief Financial Officer Arden Lee sold 28,977 shares of company stock in a transaction dated Thursday, November 17th. The stock sold at an average price of $1.20, with a total transaction value of $34,772.40. Following the closing of the transaction, the CFO now directly owns 495,616 shares of company stock, worth approximately $594,739.20. The sale was disclosed in a legal filing with the U.S. Securities and Exchange Commission, which can be accessed at this link. In related news, Chief Financial Officer Arden Lee sold 28,977 shares of company stock in a transaction dated Thursday, November 17th. The stock sold at an average price of $1.20, with a total transaction value of $34,772.40. Following the closing of the transaction, the CFO now directly owns 495,616 shares of company stock, worth approximately $594,739.20. The sale was disclosed in a legal filing with the U.S. Securities and Exchange Commission, which can be accessed at this link. Additionally, Chief Operating Officer Juan Jose Feijoo-Osorio sold 42,713 shares of the company during trading on Thursday, November 17. The shares sold at an average price of $1.20, for a total value of $51,255.60. Following the transaction, the COO now directly owns 340,889 shares of the company, valued at $409,066.80. The disclosure for this sale can be found here. In the past three months, insiders have sold 127,383 shares of the company worth $153,147. Company insiders own 41.89% of the company.

    About Wanming Technology

    (get rating)

    WM Technology, Inc provides e-commerce and compliance software solutions to retailers and brands in the U.S., Canadian and international cannabis markets. The company offers the Weedmaps marketplace, which allows cannabis users to search and browse retailers and brands of cannabis products, and to pre-order products from local retailers; information about the cannabis plant, and related services for the industry and advocacy for legalization.

    recommended story

    Want to see which other hedge funds hold MAPS? Visit HoldingsChannel.com for the latest 13F filings and insider trades from WM Technology, Inc. (NASDAQ: MAPS – Get Rated ).

    WM Technology (NASDAQ:MAPS) Institutional Ownership by Quarter

    This breaking news alert is powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate coverage. This story was reviewed by MarketBeat’s editorial team before publication. Please send any questions or comments about this story to contact@marketbeat.com.

    You’ll want to hear this before you even consider WM Technology.

    MarketBeat tracks Wall Street’s highest-rated and top-performing research analysts and the stocks they recommend to clients on a daily basis. MarketBeat has identified five stocks top analysts are quietly whispering to their clients to buy now before the broader market hits…and WM Technology isn’t on the list.

    While WM Technology currently has a Hold rating among analysts, the top-rated analysts see these five stocks as better buys.

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