WM Technology (MAPS) to Release Quarterly Earnings on Thursday

WM Technology (NASDAQ:MAPS) will likely be posting its results after the market closes on Thursday, March 12th. Analysts expect WM Technology to post earnings of $0.03 per share and revenue of $42.00 million for the quarter.

WM Technology Stock Down 1.9%

Shares of WM Technology stock opened at $0.73 on Friday. WM Technology has a fifty-two week low of $0.63 and a fifty-two week high of $1.37. The firm has a market cap of $114.05 million, a PE ratio of 10.36 and a beta of 1.20. The business’s fifty day moving average is $0.77 and its two-hundred day moving average is $0.95.

Insider Buying and Selling

In other WM Technology news, CTO Sarah Griffis sold 271,032 shares of the stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $0.68, for a total transaction of $184,301.76. Following the transaction, the chief technology officer owned 1,528,968 shares of the company’s stock, valued at $1,039,698.24. This trade represents a 15.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Douglas Francis sold 103,019 shares of WM Technology stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $0.68, for a total transaction of $70,052.92. Following the completion of the transaction, the chief executive officer owned 8,467,787 shares in the company, valued at approximately $5,758,095.16. This trade represents a 1.20% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 475,260 shares of company stock valued at $323,177. Insiders own 23.64% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MAPS. AQR Capital Management LLC boosted its holdings in WM Technology by 505.5% in the first quarter. AQR Capital Management LLC now owns 199,598 shares of the company’s stock valued at $226,000 after acquiring an additional 166,634 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in WM Technology by 18.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 777,102 shares of the company’s stock worth $878,000 after acquiring an additional 121,632 shares during the last quarter. NewEdge Advisors LLC purchased a new position in shares of WM Technology in the 2nd quarter worth about $42,000. Shay Capital LLC raised its holdings in shares of WM Technology by 106.0% in the 2nd quarter. Shay Capital LLC now owns 204,788 shares of the company’s stock worth $183,000 after purchasing an additional 105,368 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake in shares of WM Technology by 1,399.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,512,281 shares of the company’s stock valued at $1,754,000 after purchasing an additional 1,411,456 shares in the last quarter. Institutional investors and hedge funds own 22.02% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings downgraded WM Technology from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, December 29th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $2.61.

WM Technology Company Profile

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.