WM Technology, Inc. (NASDAQ:MAPS) CEO Christopher Beals Sells 29,442 Shares

WM Technology, Inc. (NASDAQ:MAPSGet Rating) CEO Christopher Beals sold 29,442 shares of the firm’s stock in a transaction dated Wednesday, May 18th. The stock was sold at an average price of $5.47, for a total value of $161,047.74. Following the sale, the chief executive officer now directly owns 702,293 shares of the company’s stock, valued at $3,841,542.71. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Shares of MAPS traded up $0.15 during midday trading on Thursday, hitting $5.50. The company had a trading volume of 1,009,362 shares, compared to its average volume of 847,734. The company’s 50-day simple moving average is $6.42 and its 200-day simple moving average is $6.51. The firm has a market capitalization of $747.46 million, a P/E ratio of 28.16 and a beta of 0.26. WM Technology, Inc. has a 1 year low of $4.22 and a 1 year high of $22.24.

WM Technology (NASDAQ:MAPSGet Rating) last announced its quarterly earnings data on Wednesday, February 23rd. The company reported ($0.73) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.78). The company had revenue of $54.18 million during the quarter, compared to analysts’ expectations of $51.39 million. WM Technology had a net margin of 22.20% and a negative return on equity of 133.55%. On average, analysts anticipate that WM Technology, Inc. will post -0.26 EPS for the current year.

A number of analysts recently issued reports on the company. Canaccord Genuity Group cut their price objective on WM Technology from $21.00 to $8.00 and set a “buy” rating for the company in a research report on Thursday, February 24th. Piper Sandler lowered their target price on WM Technology from $9.00 to $8.00 in a report on Thursday, May 5th. Zacks Investment Research cut WM Technology from a “hold” rating to a “sell” rating in a report on Thursday. Finally, Cantor Fitzgerald raised their target price on WM Technology from $6.25 to $7.65 and gave the company an “overweight” rating in a report on Thursday, February 24th. One research analyst has rated the stock with a sell rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $14.64.

Institutional investors and hedge funds have recently made changes to their positions in the company. Wells Fargo & Company MN purchased a new position in shares of WM Technology in the 2nd quarter valued at about $49,000. Bank of America Corp DE purchased a new stake in WM Technology during the second quarter worth approximately $74,000. Citigroup Inc. lifted its stake in WM Technology by 822.3% during the third quarter. Citigroup Inc. now owns 5,534 shares of the company’s stock worth $80,000 after purchasing an additional 4,934 shares during the last quarter. Deutsche Bank AG purchased a new stake in WM Technology during the fourth quarter worth approximately $35,000. Finally, Wolverine Asset Management LLC purchased a new stake in WM Technology during the third quarter worth approximately $85,000. Institutional investors and hedge funds own 24.99% of the company’s stock.

WM Technology Company Profile (Get Rating)

WM Technology, Inc provides ecommerce and compliance software solutions to retailers and brands in cannabis market in the United States, Canada, 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 information on the cannabis plant, and the industry and advocate related services for legalization.

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