ETF Managers Group LLC grew its position in WM Technology, Inc. (NASDAQ:MAPS – Get Rating) by 6,347.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,100,266 shares of the company’s stock after purchasing an additional 1,083,201 shares during the period. ETF Managers Group LLC owned approximately 0.84% of WM Technology worth $6,756,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Rockefeller Capital Management L.P. lifted its stake in shares of WM Technology by 50.0% in the 4th quarter. Rockefeller Capital Management L.P. now owns 81,000 shares of the company’s stock worth $484,000 after acquiring an additional 27,000 shares during the period. Isomer Partners LP lifted its stake in shares of WM Technology by 28.0% in the 4th quarter. Isomer Partners LP now owns 192,054 shares of the company’s stock worth $1,148,000 after acquiring an additional 42,054 shares during the period. Invenomic Capital Management LP acquired a new stake in shares of WM Technology in the 4th quarter worth approximately $1,636,000. Ingalls & Snyder LLC acquired a new stake in shares of WM Technology in the 4th quarter worth approximately $162,000. Finally, JPMorgan Chase & Co. acquired a new stake in shares of WM Technology in the 4th quarter worth approximately $70,000. Hedge funds and other institutional investors own 24.99% of the company’s stock.
Several research firms recently commented on MAPS. Zacks Investment Research lowered shares of WM Technology from a “hold” rating to a “sell” rating in a research note on Wednesday. Cantor Fitzgerald upped their price target on shares of WM Technology from $6.25 to $7.65 and gave the company an “overweight” rating in a research report on Thursday, February 24th. Piper Sandler reduced their price target on shares of WM Technology from $9.00 to $8.00 in a research report on Thursday, May 5th. Finally, Canaccord Genuity Group reduced their price target on shares of WM Technology from $21.00 to $8.00 and set a “buy” rating for the company in a research report on Thursday, February 24th. One analyst has rated the stock with a sell rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $14.64.
WM Technology (NASDAQ:MAPS – Get Rating) last posted its quarterly earnings data on Wednesday, February 23rd. The company reported ($0.73) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.78). WM Technology had a negative return on equity of 133.55% and a net margin of 22.20%. The firm had revenue of $54.18 million for the quarter, compared to the consensus estimate of $51.39 million. On average, analysts anticipate that WM Technology, Inc. will post -0.26 EPS for the current year.
In other news, CFO Arden Lee sold 27,990 shares of the firm’s stock in a transaction dated Wednesday, May 18th. The shares were sold at an average price of $5.47, for a total transaction of $153,105.30. Following the completion of the transaction, the chief financial officer now directly owns 552,469 shares of the company’s stock, valued at approximately $3,022,005.43. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Justin Dean sold 10,253 shares of the firm’s stock in a transaction dated Wednesday, May 18th. The stock was sold at an average price of $5.47, for a total transaction of $56,083.91. Following the transaction, the insider now directly owns 297,670 shares of the company’s stock, valued at $1,628,254.90. The disclosure for this sale can be found here. Over the last three months, insiders sold 89,652 shares of company stock valued at $490,396.
About WM Technology (Get Rating)
WM Technology, Inc provides ecommerce and compliance software solutions to retailers and brands in cannabis market in the United States, Canada, 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 information on the cannabis plant, and the industry and advocate related services for legalization.
- Get a free copy of the StockNews.com research report on WM Technology (MAPS)
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