According to Zacks, “WM TECHNOLOGY is a technology and software infrastructure provider to the cannabis industry. WM TECHNOLOGY, formerly known as Silver Spike Acquisition Corp., is based in IRVINE, Calif. “
MAPS has been the topic of several other reports. Cantor Fitzgerald lifted their price target on WM Technology from $6.25 to $7.65 and gave the company an “overweight” rating in a research report on Thursday, February 24th. Piper Sandler lowered their price target on WM Technology from $9.00 to $8.00 in a research report on Thursday, May 5th. Finally, Canaccord Genuity Group lowered their price target on WM Technology from $21.00 to $8.00 and set a “buy” rating on the stock in a research report on Thursday, February 24th. One analyst has rated the stock with a sell rating and eight have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $14.64.
WM Technology (NASDAQ:MAPS – Get Rating) last issued its quarterly earnings results 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). WM Technology had a net margin of 22.20% and a negative return on equity of 133.55%. The firm had revenue of $54.18 million for the quarter, compared to analyst estimates of $51.39 million. As a group, equities analysts predict that WM Technology will post -0.26 EPS for the current fiscal year.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Deutsche Bank AG acquired a new stake in shares of WM Technology in the fourth quarter worth $35,000. Bessemer Group Inc. acquired a new stake in shares of WM Technology in the fourth quarter worth $46,000. Wells Fargo & Company MN acquired a new stake in shares of WM Technology in the second quarter worth $49,000. Banque Cantonale Vaudoise boosted its position in shares of WM Technology by 83.2% in the first quarter. Banque Cantonale Vaudoise now owns 7,000 shares of the company’s stock worth $55,000 after buying an additional 3,180 shares during the period. Finally, Wolverine Asset Management LLC boosted its position in shares of WM Technology by 64.4% in the fourth quarter. Wolverine Asset Management LLC now owns 9,748 shares of the company’s stock worth $58,000 after buying an additional 3,820 shares during the period. 24.99% of the stock is owned by institutional investors and hedge funds.
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.
- Get a free copy of the StockNews.com research report on WM Technology (MAPS)
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