WM Technology (NASDAQ:MAPS) Stock Price Up 4.3% – Here’s What Happened

WM Technology, Inc. (NASDAQ:MAPS)’s share price rose 4.3% on Wednesday . The stock traded as high as $0.8599 and last traded at $0.8447. Approximately 703,612 shares changed hands during mid-day trading, a decline of 20% from the average daily volume of 883,559 shares. The stock had previously closed at $0.8101.

Wall Street Analyst Weigh In

Separately, Weiss Ratings downgraded shares of 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 issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $2.61.

WM Technology Price Performance

The stock has a 50 day moving average of $0.88 and a two-hundred day moving average of $1.01. The stock has a market capitalization of $132.80 million, a PE ratio of 12.07 and a beta of 1.12.

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

Insider Transactions at WM Technology

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

Institutional Trading of WM Technology

A number of institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of WM Technology by 2.6% in the third quarter. Vanguard Group Inc. now owns 5,348,488 shares of the company’s stock valued at $6,204,000 after buying an additional 137,715 shares in the last quarter. JPMorgan Chase & Co. grew its stake in 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 acquiring an additional 1,411,456 shares during the last quarter. Los Angeles Capital Management LLC grew its stake in WM Technology by 29.5% in the 2nd quarter. Los Angeles Capital Management LLC now owns 1,083,336 shares of the company’s stock valued at $971,000 after acquiring an additional 246,580 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in WM Technology by 24.1% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 938,598 shares of the company’s stock valued at $1,089,000 after acquiring an additional 182,433 shares in the last quarter. Finally, Two Sigma Investments LP raised its position in WM Technology by 60.0% during the third quarter. Two Sigma Investments LP now owns 787,714 shares of the company’s stock worth $914,000 after acquiring an additional 295,252 shares during the last quarter. 22.02% of the stock is currently owned by hedge funds and other institutional investors.

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.