WM Technology (NASDAQ:MAPS) Trading Down 3.4% – What’s Next?

WM Technology, Inc. (NASDAQ:MAPS)’s share price traded down 3.4% during trading on Tuesday . The company traded as low as $0.3803 and last traded at $0.40. 187,440 shares were traded during mid-day trading, a decline of 90% from the average session volume of 1,914,001 shares. The stock had previously closed at $0.4142.

WM Technology Stock Performance

The firm’s 50 day simple moving average is $0.45 and its 200-day simple moving average is $0.68. The company has a market capitalization of $63.62 million, a price-to-earnings ratio of 20.01 and a beta of 0.79.

WM Technology (NASDAQ:MAPS) last issued its quarterly earnings results on Thursday, March 12th. The company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.06). The business had revenue of $43.07 million for the quarter, compared to analysts’ expectations of $42.00 million. WM Technology had a net margin of 1.12% and a return on equity of 1.51%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its holdings in shares of WM Technology by 1,399.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,512,281 shares of the company’s stock valued at $1,754,000 after buying an additional 1,411,456 shares during the last quarter. Beartown Capital Management LLC bought a new stake in WM Technology in the fourth quarter worth approximately $469,000. Ameriprise Financial Inc. acquired a new position in shares of WM Technology during the 3rd quarter worth $486,000. Verdad Advisers LP bought a new position in shares of WM Technology during the 4th quarter valued at $338,000. Finally, Two Sigma Investments LP raised its holdings in shares of 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 in the last quarter. 22.02% of the stock is owned by institutional investors and hedge funds.

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.