Cantor Fitzgerald Lowers WM Technology (NASDAQ:MAPS) Price Target to $5.00

WM Technology (NASDAQ:MAPSGet Rating) had its price objective decreased by equities research analysts at Cantor Fitzgerald from $7.00 to $5.00 in a research report issued on Tuesday, Benzinga reports. The firm currently has an “overweight” rating on the stock. Cantor Fitzgerald’s target price would indicate a potential upside of 348.43% from the company’s current price.

A number of other research analysts have also weighed in on the company. Canaccord Genuity Group reduced their price objective on WM Technology from $8.00 to $6.00 and set a “buy” rating for the company in a research report on Thursday, August 11th. BTIG Research lowered WM Technology from a “buy” rating to a “neutral” rating in a report on Wednesday, August 10th. Piper Sandler reduced their target price on WM Technology from $4.00 to $3.00 and set a “neutral” rating for the company in a report on Tuesday. Stifel Nicolaus lowered WM Technology from a “buy” rating to a “hold” rating and reduced their target price for the stock from $10.00 to $3.20 in a report on Wednesday, August 10th. Finally, Truist Financial lowered WM Technology from a “buy” rating to a “hold” rating and reduced their target price for the stock from $5.00 to $2.00 in a report on Tuesday. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, WM Technology has a consensus rating of “Hold” and an average price target of $3.59.

WM Technology Stock Down 13.6 %

MAPS stock opened at $1.12 on Tuesday. WM Technology has a twelve month low of $1.11 and a twelve month high of $12.70. The firm has a market cap of $151.53 million, a PE ratio of 2.99 and a beta of 1.08. The business has a 50 day moving average of $1.99 and a 200 day moving average of $3.48.

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

Insider Buying and Selling

In related news, General Counsel Brian Camire sold 12,250 shares of WM Technology stock in a transaction on 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 sale, the general counsel now owns 200,681 shares of the company’s stock, valued at $531,804.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CFO Arden Lee sold 27,876 shares of WM Technology stock in a transaction on Tuesday, August 23rd. The stock was sold at an average price of $2.65, for a total value of $73,871.40. Following the completion of the sale, the chief financial officer now owns 524,593 shares of the company’s stock, valued at $1,390,171.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Brian Camire sold 12,250 shares of WM Technology stock in a transaction on 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 sale, 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. Insiders sold 131,791 shares of company stock valued at $349,246 over the last 90 days. Company insiders own 41.89% of the company’s stock.

Hedge Funds Weigh In On WM Technology

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Banque Cantonale Vaudoise lifted its position in WM Technology by 83.2% during the first quarter. Banque Cantonale Vaudoise now owns 7,000 shares of the company’s stock valued at $55,000 after purchasing an additional 3,180 shares in the last quarter. Wolverine Asset Management LLC lifted its position in WM Technology by 34.3% during the first quarter. Wolverine Asset Management LLC now owns 13,088 shares of the company’s stock valued at $102,000 after purchasing an additional 3,340 shares in the last quarter. BlackRock Inc. lifted its position in WM Technology by 0.5% during the first quarter. BlackRock Inc. now owns 785,149 shares of the company’s stock valued at $6,140,000 after purchasing an additional 4,220 shares in the last quarter. Royce & Associates LP lifted its position in WM Technology by 11.2% during the second quarter. Royce & Associates LP now owns 56,700 shares of the company’s stock valued at $187,000 after purchasing an additional 5,700 shares in the last quarter. Finally, PEAK6 Investments LLC lifted its position in WM Technology by 13.5% during the first quarter. PEAK6 Investments LLC now owns 48,329 shares of the company’s stock valued at $378,000 after purchasing an additional 5,755 shares in the last quarter. 34.47% of the stock is currently owned by hedge funds and other institutional investors.

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.

Featured Articles

Analyst Recommendations for WM Technology (NASDAQ:MAPS)

Receive News & Ratings for WM Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WM Technology and related companies with MarketBeat.com's FREE daily email newsletter.