WM Technology, Inc. (NASDAQ:MAPS) Shares Purchased by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of WM Technology, Inc. (NASDAQ:MAPS) by 144.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 655,470 shares of the company’s stock after buying an additional 387,014 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.43% of WM Technology worth $905,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in MAPS. JPMorgan Chase & Co. lifted its position in shares of WM Technology by 100.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 169,284 shares of the company’s stock valued at $147,000 after acquiring an additional 84,907 shares during the period. SG Americas Securities LLC increased its stake in WM Technology by 40.6% in the 4th quarter. SG Americas Securities LLC now owns 40,305 shares of the company’s stock valued at $56,000 after purchasing an additional 11,633 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in WM Technology by 50.2% during the fourth 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 during the last quarter. Los Angeles Capital Management LLC acquired a new position in WM Technology during the fourth quarter worth $438,000. Finally, Raymond James Financial Inc. purchased a new stake in WM Technology during the fourth quarter worth $52,000. Hedge funds and other institutional investors own 22.02% of the company’s stock.

WM Technology Price Performance

Shares of MAPS opened at $1.01 on Tuesday. WM Technology, Inc. has a 1-year low of $0.70 and a 1-year high of $1.65. The firm has a 50 day simple moving average of $1.13 and a 200-day simple moving average of $1.25. The stock has a market cap of $155.89 million, a price-to-earnings ratio of -33.66 and a beta of 1.14.

WM Technology (NASDAQ:MAPS) last released its quarterly earnings results 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 return on equity of 1.68% and a negative net margin of 1.02%. The company had revenue of $44.61 million during the quarter, compared to the consensus estimate of $43.00 million.

Insider Activity at WM Technology

In other news, CEO Douglas Francis sold 155,897 shares of the firm’s stock in a transaction on Friday, May 16th. The stock was sold at an average price of $1.11, for a total transaction of $173,045.67. Following the sale, the chief executive officer now owns 8,886,513 shares in the company, valued at $9,864,029.43. This trade represents a 1.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, General Counsel Brian Camire sold 373,523 shares of WM Technology stock in a transaction on Friday, May 16th. The shares were sold at an average price of $1.09, for a total value of $407,140.07. Following the completion of the sale, the general counsel now directly owns 2,024,323 shares of the company’s stock, valued at approximately $2,206,512.07. This represents a 15.58% decrease in their position. The disclosure for this sale can be found here. 23.64% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Wall Street Zen upgraded WM Technology from a “buy” rating to a “strong-buy” rating in a research report on Thursday, May 22nd. Westpark Capital restated a “buy” rating and set a $2.61 target price on shares of WM Technology in a report 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.