Charles Schwab Investment Management Inc. Purchases 22,343 Shares of WM Technology, Inc. $MAPS

Charles Schwab Investment Management Inc. grew its position in WM Technology, Inc. (NASDAQ:MAPS) by 9.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 259,858 shares of the company’s stock after acquiring an additional 22,343 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.17% of WM Technology worth $294,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of MAPS. Segall Bryant & Hamill LLC bought a new position in WM Technology in the 1st quarter valued at $3,056,000. Kathmere Capital Management LLC acquired a new stake in shares of WM Technology during the first quarter worth $41,000. Bank of New York Mellon Corp grew its stake in shares of WM Technology by 14.2% during the first quarter. Bank of New York Mellon Corp now owns 226,842 shares of the company’s stock worth $256,000 after purchasing an additional 28,187 shares during the period. FNY Investment Advisers LLC grew its stake in shares of WM Technology by 125.6% during the first quarter. FNY Investment Advisers LLC now owns 44,900 shares of the company’s stock worth $50,000 after purchasing an additional 25,000 shares during the period. Finally, Ritholtz Wealth Management acquired a new position in WM Technology in the first quarter valued at about $287,000. Institutional investors own 22.02% of the company’s stock.

Insider Activity

In other news, Director Brenda Freeman sold 62,501 shares of WM Technology stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of $0.91, for a total value of $56,875.91. Following the completion of the transaction, the director directly owned 432,692 shares of the company’s stock, valued at approximately $393,749.72. This trade represents a 12.62% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Douglas Francis sold 156,974 shares of WM Technology stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $1.16, for a total value of $182,089.84. Following the completion of the transaction, the chief executive officer directly owned 8,729,539 shares of the company’s stock, valued at approximately $10,126,265.24. This trade represents a 1.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 517,303 shares of company stock worth $533,515. 23.64% of the stock is owned by insiders.

Analyst Ratings Changes

A number of brokerages have recently commented on MAPS. Westpark Capital restated a “buy” rating and issued a $2.61 price target on shares of WM Technology in a report on Monday, August 11th. Wall Street Zen downgraded WM Technology from a “strong-buy” rating to a “hold” rating in a research report on Saturday, August 9th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, WM Technology presently has an average rating of “Buy” and an average target price of $2.61.

WM Technology Stock Performance

Shares of MAPS opened at $1.14 on Thursday. The stock has a market capitalization of $178.47 million, a price-to-earnings ratio of 14.25 and a beta of 1.07. WM Technology, Inc. has a 52 week low of $0.70 and a 52 week high of $1.65. The stock has a fifty day moving average of $1.02 and a 200-day moving average of $1.11.

WM Technology (NASDAQ:MAPS) last announced its earnings results on Thursday, August 7th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.03). The company had revenue of $44.85 million for the quarter, compared to the consensus estimate of $45.00 million. WM Technology had a return on equity of 7.20% and a net margin of 4.77%. WM Technology has set its Q3 2025 guidance at EPS.

WM Technology 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.