WM Technology, Inc. (NASDAQ:MAPS) Short Interest Up 38.6% in December

WM Technology, Inc. (NASDAQ:MAPS) was the recipient of a significant growth in short interest in December. As of December 15th, there was short interest totaling 2,214,696 shares, a growth of 38.6% from the November 30th total of 1,597,384 shares. Based on an average daily volume of 1,126,284 shares, the short-interest ratio is currently 2.0 days. Approximately 1.8% of the company’s stock are short sold. Approximately 1.8% of the company’s stock are short sold. Based on an average daily volume of 1,126,284 shares, the short-interest ratio is currently 2.0 days.

WM Technology Stock Performance

Shares of NASDAQ MAPS traded down $0.00 during mid-day trading on Tuesday, reaching $0.83. 1,302,357 shares of the company traded hands, compared to its average volume of 1,082,597. The company’s fifty day moving average is $0.94 and its two-hundred day moving average is $1.03. WM Technology has a fifty-two week low of $0.72 and a fifty-two week high of $1.53. The stock has a market cap of $131.17 million, a PE ratio of 11.92 and a beta of 1.17.

WM Technology (NASDAQ:MAPS) last announced its earnings results on Thursday, November 6th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.02). WM Technology had a return on equity of 6.22% and a net margin of 4.40%.The company had revenue of $42.18 million for the quarter, compared to the consensus estimate of $42.00 million.

Insider Activity at WM Technology

In other news, CEO Douglas Francis sold 158,733 shares of the company’s stock in a transaction on Tuesday, November 18th. The shares were sold at an average price of $0.83, for a total value of $131,748.39. Following the transaction, the chief executive officer directly owned 8,570,806 shares of the company’s stock, valued at approximately $7,113,768.98. This represents a 1.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, General Counsel Brian Camire sold 90,979 shares of the stock in a transaction on Tuesday, November 18th. The stock was sold at an average price of $0.84, for a total value of $76,422.36. Following the sale, the general counsel owned 1,842,862 shares of the company’s stock, valued at approximately $1,548,004.08. This represents a 4.70% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 23.64% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its holdings in WM Technology by 1,399.9% during the third quarter. JPMorgan Chase & Co. now owns 1,512,281 shares of the company’s stock valued at $1,754,000 after acquiring an additional 1,411,456 shares during the period. Scoggin Management LP acquired a new position in shares of WM Technology during the 1st quarter worth about $1,130,000. Ameriprise Financial Inc. acquired a new position in shares of WM Technology during the 3rd quarter worth about $486,000. Two Sigma Investments LP boosted its stake in WM Technology by 60.0% during the 3rd quarter. Two Sigma Investments LP now owns 787,714 shares of the company’s stock valued at $914,000 after purchasing an additional 295,252 shares during the period. Finally, OMERS ADMINISTRATION Corp grew its holdings in WM Technology by 327.5% in the 1st quarter. OMERS ADMINISTRATION Corp now owns 373,200 shares of the company’s stock valued at $422,000 after buying an additional 285,900 shares during the last quarter. Institutional investors and hedge funds own 22.02% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings lowered WM Technology from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $2.61.

About WM Technology

WM Technology, Inc is a software-as-a-service provider that delivers cloud-based solutions to the wealth and asset management industry. The company’s platform is designed to support financial advisors, broker-dealers and registered investment advisors with digital investment advice, portfolio management, performance reporting and compliance monitoring.

WM Technology’s product suite includes tools for streamlined client onboarding, interactive financial planning, automated portfolio rebalancing and tax-aware investment strategies.