WM Technology, Inc. (NASDAQ:MAPS) COO Sells $51,255.60 in Stock

WM Technology, Inc. (NASDAQ:MAPSGet Rating) COO Juan Jose Feijoo-Osorio sold 42,713 shares of the firm’s stock in a transaction dated Thursday, November 17th. The shares were sold at an average price of $1.20, for a total transaction of $51,255.60. Following the completion of the transaction, the chief operating officer now directly owns 340,889 shares in the company, valued at approximately $409,066.80. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Juan Jose Feijoo-Osorio also recently made the following trade(s):

  • On Tuesday, August 23rd, Juan Jose Feijoo-Osorio sold 28,174 shares of WM Technology stock. The shares were sold at an average price of $2.65, for a total transaction of $74,661.10.

WM Technology Stock Performance

Shares of MAPS opened at $1.17 on Thursday. WM Technology, Inc. has a twelve month low of $1.03 and a twelve month high of $8.35. The firm has a market cap of $171.33 million, a P/E ratio of 2.85 and a beta of 1.08. The firm’s 50 day moving average price is $1.73 and its two-hundred day moving average price is $3.14.

WM Technology (NASDAQ:MAPSGet Rating) last posted its quarterly earnings data on Monday, November 7th. The company reported ($0.06) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.06). WM Technology had a net margin of 12.67% and a negative return on equity of 40.79%. The company had revenue of $50.50 million for the quarter, compared to the consensus estimate of $50.17 million. On average, sell-side analysts anticipate that WM Technology, Inc. will post -0.19 earnings per share for the current fiscal year.

Institutional Trading of WM Technology

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Senvest Management LLC raised its holdings in shares of WM Technology by 27.4% in the third quarter. Senvest Management LLC now owns 7,359,605 shares of the company’s stock valued at $11,849,000 after purchasing an additional 1,581,208 shares during the last quarter. Vanguard Group Inc. increased its holdings in WM Technology by 40.7% during the first quarter. Vanguard Group Inc. now owns 4,687,365 shares of the company’s stock worth $36,655,000 after buying an additional 1,356,144 shares during the last quarter. BlackRock Inc. increased its holdings in shares of WM Technology by 0.3% in the third quarter. BlackRock Inc. now owns 4,389,662 shares of the company’s stock valued at $7,068,000 after purchasing an additional 11,876 shares during the last quarter. ETF Managers Group LLC increased its holdings in shares of WM Technology by 14.6% in the third quarter. ETF Managers Group LLC now owns 4,188,384 shares of the company’s stock valued at $6,743,000 after purchasing an additional 532,352 shares during the last quarter. Finally, Luxor Capital Group LP increased its holdings in shares of WM Technology by 8.0% in the third quarter. Luxor Capital Group LP now owns 2,851,417 shares of the company’s stock valued at $4,590,000 after purchasing an additional 211,413 shares during the last quarter. 34.47% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on MAPS. Canaccord Genuity Group reduced their target price on shares of WM Technology from $6.00 to $4.75 in a research note on Tuesday, November 8th. Stifel Nicolaus lowered shares of WM Technology from a “buy” rating to a “hold” rating and reduced their target price for the company from $10.00 to $3.20 in a research note on Wednesday, August 10th. Cantor Fitzgerald reduced their target price on shares of WM Technology from $7.00 to $5.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 8th. Truist Financial lowered shares of WM Technology from a “buy” rating to a “hold” rating and reduced their target price for the company from $5.00 to $2.00 in a research note on Tuesday, November 8th. Finally, BTIG Research lowered shares of WM Technology from a “buy” rating to a “neutral” rating in a research note on Wednesday, August 10th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, WM Technology presently has a consensus rating of “Hold” and an average price target of $3.59.

About WM Technology

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WM Technology, Inc provides ecommerce and compliance software solutions to retailers and brands in cannabis market in the United States, Canada, 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 information on the cannabis plant, and the industry and advocate related services for legalization.

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Insider Buying and Selling by Quarter for WM Technology (NASDAQ:MAPS)

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