BM Technologies (NYSE:BMTX) Receives Buy Rating from Chardan Capital

BM Technologies (NYSE:BMTX)‘s stock had its “buy” rating reaffirmed by equities research analysts at Chardan Capital in a research report issued to clients and investors on Monday, Benzinga reports. They currently have a $8.00 target price on the stock. Chardan Capital’s price objective would suggest a potential upside of 370.59% from the stock’s previous close.

BM Technologies Stock Performance

Shares of BMTX stock traded up $0.07 during trading hours on Monday, hitting $1.70. 5,672 shares of the company were exchanged, compared to its average volume of 12,576. The firm has a market cap of $20.51 million, a P/E ratio of -1.13 and a beta of -0.01. BM Technologies has a fifty-two week low of $1.41 and a fifty-two week high of $3.85. The company has a 50 day simple moving average of $1.73 and a two-hundred day simple moving average of $2.19.

BM Technologies (NYSE:BMTX) last announced its quarterly earnings data on Wednesday, April 3rd. The company reported ($0.34) EPS for the quarter. The company had revenue of $14.86 million for the quarter. BM Technologies had a negative return on equity of 46.82% and a negative net margin of 30.91%. As a group, sell-side analysts expect that BM Technologies will post -0.86 EPS for the current fiscal year.

Institutional Trading of BM Technologies

A hedge fund recently bought a new stake in BM Technologies stock. Landscape Capital Management L.L.C. acquired a new stake in shares of BM Technologies, Inc. (NYSE:BMTX) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm acquired 13,869 shares of the company’s stock, valued at approximately $28,000. Landscape Capital Management L.L.C. owned approximately 0.12% of BM Technologies at the end of the most recent quarter. Hedge funds and other institutional investors own 20.15% of the company’s stock.

About BM Technologies

BM Technologies, Inc operates as a financial technology (fintech) company in the United States. It facilitates deposits and banking services between a customer and its partner bank, customers bank, which is a related party and is a Federal Deposit Insurance Corporation insured bank. The company, through its fintech banking platform, offers digital banking and disbursement services to consumers and students through digital channels.