WM Technology, Inc. (NASDAQ:MAPS) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of WM Technology, Inc. (NASDAQ:MAPSGet Rating) have earned an average rating of “Moderate Buy” from the seven research firms that are currently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $7.17.

Several brokerages have weighed in on MAPS. Stifel Nicolaus cut WM Technology from a “buy” rating to a “hold” rating and dropped their price objective for the company from $10.00 to $3.20 in a report on Wednesday, August 10th. BTIG Research cut WM Technology from a “buy” rating to a “neutral” rating in a report on Wednesday, August 10th. Piper Sandler cut WM Technology from an “overweight” rating to a “neutral” rating and lowered their price target for the stock from $8.00 to $4.00 in a report on Wednesday, August 10th. Finally, Canaccord Genuity Group lowered their price target on WM Technology from $8.00 to $6.00 and set a “buy” rating for the company in a report on Thursday, August 11th.

Insider Transactions at WM Technology

In other WM Technology news, General Counsel Brian Camire sold 12,250 shares of the company’s stock in a transaction dated Tuesday, August 23rd. The stock was sold at an average price of $2.65, for a total value of $32,462.50. Following the completion of the transaction, the general counsel now owns 200,681 shares of the company’s stock, valued at approximately $531,804.65. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other WM Technology news, CEO Christopher Beals sold 45,655 shares of the company’s stock in a transaction dated Tuesday, August 23rd. The stock was sold at an average price of $2.65, for a total value of $120,985.75. Following the completion of the transaction, the chief executive officer now owns 656,638 shares of the company’s stock, valued at approximately $1,740,090.70. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, General Counsel Brian Camire sold 12,250 shares of the company’s stock in a transaction dated Tuesday, August 23rd. The stock was sold at an average price of $2.65, for a total value of $32,462.50. Following the completion of the transaction, the general counsel now directly owns 200,681 shares of the company’s stock, valued at approximately $531,804.65. The disclosure for this sale can be found here. In the last quarter, insiders sold 141,884 shares of company stock valued at $396,280. Corporate insiders own 41.89% of the company’s stock.

Hedge Funds Weigh In On WM Technology

Institutional investors and hedge funds have recently bought and sold shares of the company. Nisa Investment Advisors LLC bought a new stake in shares of WM Technology in the 2nd quarter valued at about $25,000. Principal Financial Group Inc. bought a new stake in shares of WM Technology in the 2nd quarter valued at about $35,000. Y Intercept Hong Kong Ltd bought a new stake in shares of WM Technology in the 2nd quarter valued at about $37,000. Exchange Traded Concepts LLC bought a new stake in shares of WM Technology during the 2nd quarter valued at about $45,000. Finally, Pictet Asset Management SA bought a new stake in shares of WM Technology during the 2nd quarter valued at about $45,000. Institutional investors and hedge funds own 34.47% of the company’s stock.

WM Technology Price Performance

Shares of NASDAQ MAPS opened at $2.55 on Monday. The stock has a market capitalization of $346.55 million, a PE ratio of 5.20 and a beta of 0.70. The business has a fifty day moving average price of $3.09 and a two-hundred day moving average price of $4.86. WM Technology has a fifty-two week low of $2.19 and a fifty-two week high of $15.16.

WM Technology (NASDAQ:MAPSGet Rating) last announced its quarterly earnings data on Tuesday, August 9th. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.09). The company had revenue of $58.29 million during the quarter, compared to analyst estimates of $62.17 million. WM Technology had a net margin of 24.42% and a negative return on equity of 66.26%. On average, equities analysts expect that WM Technology will post -0.15 EPS for the current year.

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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Analyst Recommendations for WM Technology (NASDAQ:MAPS)

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