Squarepoint Ops LLC Takes $93,000 Position in WM Technology, Inc. (NASDAQ:MAPS)

Squarepoint Ops LLC purchased a new stake in shares of WM Technology, Inc. (NASDAQ:MAPS) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 67,555 shares of the company’s stock, valued at approximately $93,000.

A number of other hedge funds also recently bought and sold shares of the business. Tidal Investments LLC grew its stake in shares of WM Technology by 4.3% in the 4th quarter. Tidal Investments LLC now owns 3,666,334 shares of the company’s stock worth $5,060,000 after buying an additional 149,928 shares during the last quarter. Renaissance Technologies LLC increased its stake in WM Technology by 101.2% in the 4th quarter. Renaissance Technologies LLC now owns 2,561,700 shares of the company’s stock worth $3,535,000 after buying an additional 1,288,497 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in shares of WM Technology during the fourth quarter valued at about $1,767,000. Northern Trust Corp grew its position in shares of WM Technology by 2.4% during the fourth quarter. Northern Trust Corp now owns 719,573 shares of the company’s stock valued at $993,000 after purchasing an additional 16,737 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of WM Technology by 53.7% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 657,768 shares of the company’s stock valued at $908,000 after acquiring an additional 229,949 shares during the last quarter. Hedge funds and other institutional investors own 22.02% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Westpark Capital reissued a “buy” rating and issued a $2.61 price objective on shares of WM Technology in a research note on Friday, May 9th. Wall Street Zen upgraded shares of WM Technology from a “buy” rating to a “strong-buy” rating in a research note on Thursday, May 22nd.

Insider Activity

In related news, CEO Douglas Francis sold 155,897 shares of the company’s stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $1.11, for a total transaction of $173,045.67. Following the transaction, the chief executive officer now owns 8,886,513 shares of the company’s stock, valued at approximately $9,864,029.43. This represents a 1.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, General Counsel Brian Camire sold 373,523 shares of the company’s stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $1.09, for a total transaction of $407,140.07. Following the transaction, the general counsel now directly owns 2,024,323 shares of the company’s stock, valued at $2,206,512.07. This trade represents a 15.58% decrease in their position. The disclosure for this sale can be found here. Insiders own 23.64% of the company’s stock.

WM Technology Price Performance

MAPS opened at $1.11 on Tuesday. WM Technology, Inc. has a twelve month low of $0.70 and a twelve month high of $1.65. The company has a 50-day moving average price of $1.09 and a 200 day moving average price of $1.25. The company has a market cap of $171.33 million, a PE ratio of -36.99 and a beta of 1.06.

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

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.