WM Technology, Inc. (NASDAQ:MAPS) Short Interest Up 38.6% in December

WM Technology, Inc. (NASDAQ:MAPS) saw a significant growth in short interest during the month of December. As of December 15th, there was short interest totaling 2,214,696 shares, a growth of 38.6% from the November 30th total of 1,597,384 shares. Approximately 1.8% of the shares of the company are short sold. Based on an average daily volume of 1,126,284 shares, the days-to-cover ratio is presently 2.0 days. Based on an average daily volume of 1,126,284 shares, the days-to-cover ratio is presently 2.0 days. Approximately 1.8% of the shares of the company are short sold.

Insider Buying and Selling

In other WM Technology news, General Counsel Brian Camire sold 90,979 shares of the stock in a transaction 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 sale, the general counsel directly owned 1,842,862 shares of the company’s stock, valued at $1,548,004.08. This trade represents a 4.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Douglas Francis sold 158,733 shares of the firm’s stock in a transaction on Tuesday, November 18th. The shares were sold at an average price of $0.83, for a total value of $131,748.39. Following the completion of the sale, the chief executive officer owned 8,570,806 shares in the company, valued at $7,113,768.98. The trade was a 1.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 23.64% of the stock is currently owned by corporate insiders.

Institutional Trading of WM Technology

Hedge funds and other institutional investors have recently made changes to their positions in the business. Centiva Capital LP purchased a new stake in shares of WM Technology in the third quarter valued at $31,000. Virtu Financial LLC acquired a new position in WM Technology during the third quarter valued at $32,000. NewEdge Advisors LLC acquired a new stake in WM Technology during the 2nd quarter worth about $42,000. Bank of America Corp DE boosted its position in WM Technology by 54.9% during the 3rd quarter. Bank of America Corp DE now owns 36,989 shares of the company’s stock worth $43,000 after acquiring an additional 13,116 shares during the period. Finally, FNY Investment Advisers LLC grew its stake in WM Technology by 67.0% during the 2nd quarter. FNY Investment Advisers LLC now owns 75,000 shares of the company’s stock valued at $67,000 after acquiring an additional 30,100 shares in the last quarter. 22.02% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, Weiss Ratings cut WM Technology from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $2.61.

WM Technology Price Performance

Shares of MAPS traded down $0.00 during midday trading on Tuesday, reaching $0.83. The stock had a trading volume of 1,302,357 shares, compared to its average volume of 1,082,597. The company has a market capitalization of $131.17 million, a P/E ratio of 11.92 and a beta of 1.17. The firm’s 50 day moving average price is $0.94 and its 200-day moving average price is $1.03. WM Technology has a 52 week low of $0.72 and a 52 week high of $1.53.

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

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.