The Manufacturers Life Insurance Company Takes Position in WM Technology, Inc. (NASDAQ:MAPS)

The Manufacturers Life Insurance Company bought a new stake in WM Technology, Inc. (NASDAQ:MAPS) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 25,585 shares of the company’s stock, valued at approximately $35,000.

Several other large investors also recently made changes to their positions in MAPS. Voya Investment Management LLC bought a new position in shares of WM Technology in the fourth quarter valued at $39,000. Barclays PLC lifted its position in WM Technology by 12.4% in the 4th quarter. Barclays PLC now owns 136,584 shares of the company’s stock valued at $188,000 after acquiring an additional 15,074 shares in the last quarter. Raymond James Financial Inc. acquired a new position in WM Technology during the 4th quarter valued at about $52,000. JPMorgan Chase & Co. increased its holdings in WM Technology by 100.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 169,284 shares of the company’s stock worth $147,000 after purchasing an additional 84,907 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in WM Technology by 50.2% during the 4th quarter. Bank of New York Mellon Corp now owns 198,655 shares of the company’s stock worth $274,000 after purchasing an additional 66,426 shares in the last quarter. 22.02% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Westpark Capital reissued a “buy” rating and set a $2.61 price target on shares of WM Technology in a research report on Friday, May 9th.

WM Technology Stock Down 0.9%

Shares of NASDAQ:MAPS opened at $1.07 on Tuesday. The company has a 50-day moving average price of $1.15 and a two-hundred day moving average price of $1.24. WM Technology, Inc. has a twelve month low of $0.70 and a twelve month high of $1.65. The firm has a market capitalization of $165.15 million, a PE ratio of -35.65 and a beta of 1.14.

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

WM Technology Company 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.