WM Technology, Inc. (NASDAQ:MAPS) Insider Justin Dean Sells 26,977 Shares

WM Technology, Inc. (NASDAQ:MAPSGet Rating) insider Justin Dean sold 26,977 shares of the company’s stock in a transaction dated Thursday, November 17th. The stock was sold at an average price of $1.20, for a total value of $32,372.40. Following the transaction, the insider now directly owns 252,857 shares of the company’s stock, valued at $303,428.40. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Justin Dean also recently made the following trade(s):

  • On Tuesday, August 23rd, Justin Dean sold 17,836 shares of WM Technology stock. The stock was sold at an average price of $2.65, for a total value of $47,265.40.

WM Technology Stock Performance

WM Technology stock opened at $1.11 on Tuesday. WM Technology, Inc. has a fifty-two week low of $1.10 and a fifty-two week high of $8.35. The company has a market capitalization of $162.55 million, a P/E ratio of 2.71 and a beta of 1.08. The stock has a 50-day simple moving average of $1.81 and a 200-day simple moving average of $3.22.

WM Technology (NASDAQ:MAPSGet Rating) last posted its quarterly earnings data on Monday, November 7th. The company reported ($0.06) EPS for the quarter, meeting the consensus estimate of ($0.06). The firm had revenue of $50.50 million during the quarter, compared to the consensus estimate of $50.17 million. WM Technology had a negative return on equity of 40.79% and a net margin of 12.67%. As a group, analysts forecast that WM Technology, Inc. will post -0.19 earnings per share for the current year.

Institutional Trading of WM Technology

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Banque Cantonale Vaudoise raised its stake in WM Technology by 83.2% during the 1st quarter. Banque Cantonale Vaudoise now owns 7,000 shares of the company’s stock valued at $55,000 after acquiring an additional 3,180 shares during the last quarter. Wolverine Asset Management LLC raised its stake in WM Technology by 34.3% during the 1st quarter. Wolverine Asset Management LLC now owns 13,088 shares of the company’s stock valued at $102,000 after acquiring an additional 3,340 shares during the last quarter. BlackRock Inc. raised its stake in WM Technology by 0.5% during the 1st quarter. BlackRock Inc. now owns 785,149 shares of the company’s stock valued at $6,140,000 after acquiring an additional 4,220 shares during the last quarter. Royce & Associates LP raised its stake in WM Technology by 11.2% during the 2nd quarter. Royce & Associates LP now owns 56,700 shares of the company’s stock valued at $187,000 after acquiring an additional 5,700 shares during the last quarter. Finally, PEAK6 Investments LLC raised its stake in WM Technology by 13.5% during the 1st quarter. PEAK6 Investments LLC now owns 48,329 shares of the company’s stock valued at $378,000 after acquiring an additional 5,755 shares during the last quarter. 34.47% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on MAPS shares. BTIG Research cut WM Technology from a “buy” rating to a “neutral” rating in a research report on Wednesday, August 10th. Stifel Nicolaus cut WM Technology from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $10.00 to $3.20 in a research report on Wednesday, August 10th. Piper Sandler lowered their price objective on WM Technology from $4.00 to $3.00 and set a “neutral” rating for the company in a research report on Tuesday, November 8th. Truist Financial downgraded WM Technology from a “buy” rating to a “hold” rating and reduced their target price for the company from $5.00 to $2.00 in a report on Tuesday, November 8th. Finally, Canaccord Genuity Group reduced their target price on WM Technology from $6.00 to $4.75 in a report on Tuesday, November 8th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $3.59.

WM Technology Company Profile

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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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Insider Buying and Selling by Quarter for WM Technology (NASDAQ:MAPS)

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