WM Technology (NASDAQ:MAPS) Issues Earnings Results, Misses Expectations By $0.06 EPS

WM Technology (NASDAQ:MAPS) posted its earnings results on Thursday. The company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.06), FiscalAI reports. WM Technology had a net margin of 4.40% and a return on equity of 6.22%. The business had revenue of $43.07 million during the quarter, compared to the consensus estimate of $42.00 million.

WM Technology Price Performance

Shares of MAPS traded down $0.01 during trading hours on Thursday, hitting $0.75. The stock had a trading volume of 557,210 shares, compared to its average volume of 940,479. The stock has a market capitalization of $118.64 million, a price-to-earnings ratio of 10.78 and a beta of 1.20. The company’s fifty day moving average is $0.76 and its two-hundred day moving average is $0.95. WM Technology has a 52 week low of $0.63 and a 52 week high of $1.37.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings downgraded WM Technology from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, WM Technology has a consensus rating of “Hold” and a consensus target price of $2.61.

Insider Buying and Selling at WM Technology

In other news, CEO Douglas Francis sold 103,019 shares of the firm’s stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $0.68, for a total transaction of $70,052.92. Following the completion of the sale, the chief executive officer owned 8,467,787 shares of the company’s stock, valued at approximately $5,758,095.16. This trade represents a 1.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CTO Sarah Griffis sold 271,032 shares of WM Technology stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $0.68, for a total transaction of $184,301.76. Following the completion of the transaction, the chief technology officer owned 1,528,968 shares of the company’s stock, valued at $1,039,698.24. This trade represents a 15.06% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 475,260 shares of company stock worth $323,177 over the last ninety days. Corporate insiders own 23.64% of the company’s stock.

Institutional Investors Weigh In On WM Technology

Hedge funds and other institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. raised its position 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 purchasing an additional 1,411,456 shares during the last quarter. Beartown Capital Management LLC acquired a new stake in shares of WM Technology in the fourth quarter valued at $469,000. Ameriprise Financial Inc. acquired a new stake in shares of WM Technology in the third quarter valued at $486,000. Verdad Advisers LP bought a new position in shares of WM Technology in the fourth quarter valued at about $338,000. Finally, Two Sigma Investments LP lifted its position in WM Technology by 60.0% during the 3rd quarter. Two Sigma Investments LP now owns 787,714 shares of the company’s stock worth $914,000 after buying an additional 295,252 shares in the last quarter. 22.02% of the stock is owned by institutional investors and hedge funds.

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.