Bank of New York Mellon Corp Purchases 28,187 Shares of WM Technology, Inc. (NASDAQ:MAPS)

Bank of New York Mellon Corp lifted its position in WM Technology, Inc. (NASDAQ:MAPS) by 14.2% in the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 226,842 shares of the company’s stock after acquiring an additional 28,187 shares during the period. Bank of New York Mellon Corp owned 0.15% of WM Technology worth $256,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in MAPS. Raymond James Financial Inc. bought a new position in shares of WM Technology in the 4th quarter worth approximately $52,000. JPMorgan Chase & Co. increased its position in WM Technology by 103.8% during the 4th quarter. JPMorgan Chase & Co. now owns 345,032 shares of the company’s stock valued at $476,000 after buying an additional 175,748 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new position in WM Technology during the 4th quarter valued at approximately $1,767,000. Wells Fargo & Company MN increased its position in WM Technology by 52.0% during 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 in the last quarter. Finally, Renaissance Technologies LLC increased its position in WM Technology by 101.2% during the 4th quarter. Renaissance Technologies LLC now owns 2,561,700 shares of the company’s stock valued at $3,535,000 after buying an additional 1,288,497 shares in the last quarter. Institutional investors own 22.02% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on MAPS. Wall Street Zen raised WM Technology from a “buy” rating to a “strong-buy” rating in a research report on Thursday, May 22nd. Westpark Capital reaffirmed a “buy” rating and set a $2.61 price objective on shares of WM Technology in a research report on Friday, May 9th.

Insider Buying and Selling at WM Technology

In other news, Director Olga Gonzalez sold 62,501 shares of the firm’s stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of $0.91, for a total value of $56,875.91. Following the transaction, the director directly owned 432,690 shares in the company, valued at $393,747.90. This trade represents a 12.62% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Scott Gordon sold 94,340 shares of the firm’s stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of $0.91, for a total value of $85,849.40. Following the completion of the transaction, the director owned 729,918 shares in the company, valued at approximately $664,225.38. This trade represents a 11.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 799,267 shares of company stock worth $825,747. Insiders own 23.64% of the company’s stock.

WM Technology Trading Down 2.9%

Shares of MAPS opened at $0.92 on Wednesday. The business’s fifty day simple moving average is $0.98 and its two-hundred day simple moving average is $1.14. WM Technology, Inc. has a 12 month low of $0.70 and a 12 month high of $1.65. The company has a market cap of $141.31 million, a price-to-earnings ratio of 11.45 and a beta of 1.02.

WM Technology (NASDAQ:MAPS) last issued its earnings results on Thursday, May 8th. The company reported $0.02 EPS for the quarter, meeting the consensus estimate of $0.02. WM Technology had a return on equity of 6.88% and a net margin of 4.36%. The business had revenue of $44.61 million for the quarter, compared to the consensus estimate 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.