JPMorgan Chase & Co. Grows Position in WM Technology, Inc. (NASDAQ:MAPS)

JPMorgan Chase & Co. raised its stake in shares of WM Technology, Inc. (NASDAQ:MAPS) by 103.8% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 345,032 shares of the company’s stock after purchasing an additional 175,748 shares during the period. JPMorgan Chase & Co.’s holdings in WM Technology were worth $476,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Barclays PLC increased its holdings in WM Technology by 37.5% in the 3rd quarter. Barclays PLC now owns 121,510 shares of the company’s stock worth $106,000 after acquiring an additional 33,153 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of WM Technology by 50.2% in the fourth quarter. Bank of New York Mellon Corp now owns 198,655 shares of the company’s stock worth $274,000 after purchasing an additional 66,426 shares during the period. SG Americas Securities LLC increased its stake in shares of WM Technology by 40.6% in the fourth quarter. SG Americas Securities LLC now owns 40,305 shares of the company’s stock worth $56,000 after purchasing an additional 11,633 shares in the last quarter. State Street Corp raised its position in shares of WM Technology by 4.6% during the 3rd quarter. State Street Corp now owns 989,704 shares of the company’s stock valued at $861,000 after purchasing an additional 43,343 shares during the period. Finally, Tidal Investments LLC lifted its stake in shares of WM Technology by 31.1% during the 3rd quarter. Tidal Investments LLC now owns 3,516,406 shares of the company’s stock valued at $3,059,000 after buying an additional 834,551 shares in the last quarter. Hedge funds and other institutional investors own 22.02% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Westpark Capital reiterated a “buy” rating and issued a $2.61 price target on shares of WM Technology in a research note on Tuesday, March 11th.

WM Technology Trading Up 3.2 %

Shares of MAPS opened at $1.29 on Thursday. The business’s 50 day moving average is $1.19 and its 200 day moving average is $1.21. WM Technology, Inc. has a 12-month low of $0.70 and a 12-month high of $1.65. The company has a market capitalization of $199.11 million, a PE ratio of -42.99 and a beta of 1.08.

WM Technology (NASDAQ:MAPS) last released its quarterly earnings data on Thursday, March 13th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.02). WM Technology had a negative net margin of 1.02% and a negative return on equity of 1.68%. The company had revenue of $47.67 million for the quarter, compared to the consensus estimate of $46.00 million.

WM Technology Profile

WM Technology, Inc provides ecommerce and compliance software solutions to retailers and brands in cannabis market in the United States 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 education and learning information to help newer consumers learn about the types of products to purchase.