BM Technologies (NYSE:BMTX) Posts Quarterly Earnings Results, Beats Expectations By $0.21 EPS

BM Technologies (NYSE:BMTXGet Free Report) announced its quarterly earnings results on Wednesday. The company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.21, reports. BM Technologies had a negative return on equity of 33.46% and a negative net margin of 19.78%. The company had revenue of $16.18 million during the quarter, compared to analyst estimates of $15.33 million.

BM Technologies Price Performance

Shares of BMTX opened at $2.81 on Friday. BM Technologies has a twelve month low of $1.41 and a twelve month high of $3.85. The company’s fifty day simple moving average is $1.69 and its 200-day simple moving average is $2.08.

Institutional Investors Weigh In On BM Technologies

An institutional investor recently raised its position in BM Technologies stock. Pacific Ridge Capital Partners LLC raised its stake in BM Technologies, Inc. (NYSE:BMTXFree Report) by 40.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 645,768 shares of the company’s stock after buying an additional 185,626 shares during the period. Pacific Ridge Capital Partners LLC owned about 5.44% of BM Technologies worth $1,324,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 20.15% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Chardan Capital reissued a “buy” rating and issued a $8.00 target price on shares of BM Technologies in a report on Monday, April 22nd.

Get Our Latest Stock Analysis on BM Technologies

About BM Technologies

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BM Technologies, Inc, a financial technology company, facilitates deposits and banking services between a customer and its partner banks in the United States. It offers digital banking and disbursement services to consumers and students through a full service fintech banking platform. The company was formerly known as BankMobile Technologies, Inc and changed its name to BM Technologies, Inc in January 2021.

See Also

Earnings History for BM Technologies (NYSE:BMTX)

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