WM Technology, Inc. (NASDAQ:MAPS) CFO Arden Lee Sells 28,977 Shares of Stock

WM Technology, Inc. (NASDAQ:MAPSGet Rating) CFO Arden Lee sold 28,977 shares of WM Technology stock in a transaction that occurred on Thursday, November 17th. The shares were sold at an average price of $1.20, for a total transaction of $34,772.40. Following the completion of the sale, the chief financial officer now owns 495,616 shares of the company’s stock, valued at $594,739.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Arden Lee also recently made the following trade(s):

  • On Tuesday, August 23rd, Arden Lee sold 27,876 shares of WM Technology stock. The shares were sold at an average price of $2.65, for a total transaction of $73,871.40.

WM Technology Trading Down 11.2 %

Shares of MAPS stock opened at $1.11 on Tuesday. WM Technology, Inc. has a 1 year low of $1.10 and a 1 year high of $8.35. The firm’s fifty day simple moving average is $1.81 and its 200 day simple moving average is $3.22. The firm has a market capitalization of $162.55 million, a P/E ratio of 2.71 and a beta of 1.08.

WM Technology (NASDAQ:MAPSGet Rating) last announced its earnings results on Monday, November 7th. The company reported ($0.06) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.06). WM Technology had a net margin of 12.67% and a negative return on equity of 40.79%. The business had revenue of $50.50 million for the quarter, compared to analyst estimates of $50.17 million. Equities research analysts anticipate that WM Technology, Inc. will post -0.19 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Stifel Nicolaus cut shares of WM Technology from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $10.00 to $3.20 in a research note on Wednesday, August 10th. Piper Sandler reduced their price objective on shares of WM Technology from $4.00 to $3.00 and set a “neutral” rating for the company in a research note on Tuesday, November 8th. Canaccord Genuity Group reduced their price objective on shares of WM Technology from $6.00 to $4.75 in a research note on Tuesday, November 8th. Cantor Fitzgerald reduced their price objective on shares of WM Technology from $7.00 to $5.00 and set an “overweight” rating for the company in a research note on Tuesday, November 8th. Finally, BTIG Research cut shares of WM Technology from a “buy” rating to a “neutral” rating in a research note on Wednesday, August 10th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, WM Technology presently has a consensus rating of “Hold” and an average target price of $3.59.

Hedge Funds Weigh In On WM Technology

A number of institutional investors and hedge funds have recently bought and sold shares of MAPS. Senvest Management LLC increased its holdings in WM Technology by 27.4% in the 3rd quarter. Senvest Management LLC now owns 7,359,605 shares of the company’s stock valued at $11,849,000 after buying an additional 1,581,208 shares during the period. Vanguard Group Inc. increased its holdings in WM Technology by 40.7% in the 1st quarter. Vanguard Group Inc. now owns 4,687,365 shares of the company’s stock valued at $36,655,000 after buying an additional 1,356,144 shares during the period. BlackRock Inc. increased its holdings in WM Technology by 0.3% in the 3rd quarter. BlackRock Inc. now owns 4,389,662 shares of the company’s stock valued at $7,068,000 after buying an additional 11,876 shares during the period. ETF Managers Group LLC increased its holdings in WM Technology by 14.6% in the 3rd quarter. ETF Managers Group LLC now owns 4,188,384 shares of the company’s stock valued at $6,743,000 after buying an additional 532,352 shares during the period. Finally, Luxor Capital Group LP increased its holdings in WM Technology by 8.0% in the 3rd quarter. Luxor Capital Group LP now owns 2,851,417 shares of the company’s stock valued at $4,590,000 after buying an additional 211,413 shares during the period. Institutional investors own 34.47% 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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