Commonwealth Equity Services LLC Has $158,000 Position in WM Technology, Inc. (NASDAQ:MAPS)

Commonwealth Equity Services LLC lessened its holdings in WM Technology, Inc. (NASDAQ:MAPS) by 10.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 114,566 shares of the company’s stock after selling 14,047 shares during the period. Commonwealth Equity Services LLC owned about 0.07% of WM Technology worth $158,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. SG Americas Securities LLC grew its stake in WM Technology by 40.6% during the 4th quarter. SG Americas Securities LLC now owns 40,305 shares of the company’s stock valued at $56,000 after acquiring an additional 11,633 shares in the last quarter. FNY Investment Advisers LLC grew its position in WM Technology by 298.0% during the fourth quarter. FNY Investment Advisers LLC now owns 19,900 shares of the company’s stock valued at $27,000 after purchasing an additional 14,900 shares in the last quarter. Barclays PLC increased its stake in WM Technology by 37.5% in the 3rd quarter. Barclays PLC now owns 121,510 shares of the company’s stock valued at $106,000 after buying an additional 33,153 shares during the period. Raymond James Financial Inc. purchased a new stake in WM Technology in the 4th quarter worth approximately $52,000. Finally, State Street Corp boosted its stake in shares of WM Technology by 4.6% during the 3rd quarter. State Street Corp now owns 989,704 shares of the company’s stock valued at $861,000 after buying an additional 43,343 shares during the period. Hedge funds and other institutional investors own 22.02% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Westpark Capital reaffirmed a “buy” rating and issued a $2.61 price target on shares of WM Technology in a research note on Tuesday, March 11th.

WM Technology Price Performance

MAPS opened at $1.06 on Friday. The company has a market capitalization of $163.61 million, a PE ratio of -35.32 and a beta of 1.08. The business has a 50-day moving average of $1.27 and a 200-day moving average of $1.19. WM Technology, Inc. has a fifty-two week low of $0.70 and a fifty-two week high of $1.65.

WM Technology (NASDAQ:MAPS) last posted its earnings results on Thursday, March 13th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.02). WM Technology had a negative net margin of 1.02% and a negative return on equity of 1.68%. The business had revenue of $47.67 million during the quarter, compared to analyst estimates of $46.00 million.

WM Technology Profile

WM Technology, Inc provides ecommerce and compliance software solutions to retailers and brands in cannabis market in the United States 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 education and learning information to help newer consumers learn about the types of products to purchase.