Raymond James Financial Inc. Takes Position in WM Technology, Inc. (NASDAQ:MAPS)

Raymond James Financial Inc. bought a new position in shares of WM Technology, Inc. (NASDAQ:MAPS) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 37,587 shares of the company’s stock, valued at approximately $52,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in MAPS. FNY Investment Advisers LLC grew its position in WM Technology by 298.0% during the 4th quarter. FNY Investment Advisers LLC now owns 19,900 shares of the company’s stock worth $27,000 after purchasing an additional 14,900 shares in the last quarter. SG Americas Securities LLC lifted its position in WM Technology by 40.6% during the 4th quarter. SG Americas Securities LLC now owns 40,305 shares of the company’s stock worth $56,000 after acquiring an additional 11,633 shares during the last quarter. Wells Fargo & Company MN grew its holdings in WM Technology by 52.0% in the 4th quarter. Wells Fargo & Company MN now owns 41,053 shares of the company’s stock valued at $57,000 after buying an additional 14,043 shares during the last quarter. Barclays PLC increased its position in WM Technology by 37.5% during the third quarter. Barclays PLC now owns 121,510 shares of the company’s stock worth $106,000 after acquiring an additional 33,153 shares during the period. Finally, Globeflex Capital L P acquired a new position in shares of WM Technology during the fourth quarter valued at about $183,000. 22.02% of the stock is owned by institutional investors and hedge funds.

WM Technology Trading Up 3.5%

NASDAQ MAPS opened at $1.18 on Thursday. The company has a 50 day moving average of $1.16 and a 200-day moving average of $1.23. WM Technology, Inc. has a 1-year low of $0.70 and a 1-year high of $1.65. The firm has a market cap of $182.13 million, a price-to-earnings ratio of -39.32 and a beta of 1.14.

WM Technology (NASDAQ:MAPS) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.02 earnings per share for the quarter, hitting the consensus estimate of $0.02. WM Technology had a negative net margin of 1.02% and a negative return on equity of 1.68%. The firm had revenue of $44.61 million during the quarter, compared to analysts’ expectations of $43.00 million.

Wall Street Analysts Forecast Growth

Separately, Westpark Capital restated a “buy” rating and issued a $2.61 price objective on shares of WM Technology in a research note on Friday, May 9th.

About WM Technology

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.