Ritholtz Wealth Management Cuts Stock Holdings in WM Technology, Inc. $MAPS

Ritholtz Wealth Management trimmed its stake in shares of WM Technology, Inc. (NASDAQ:MAPS) by 47.1% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 134,655 shares of the company’s stock after selling 119,705 shares during the period. Ritholtz Wealth Management owned 0.09% of WM Technology worth $121,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of MAPS. Bank of New York Mellon Corp grew its stake in shares of WM Technology by 14.2% in the 1st quarter. Bank of New York Mellon Corp now owns 226,842 shares of the company’s stock worth $256,000 after buying an additional 28,187 shares in the last quarter. Kathmere Capital Management LLC purchased a new position in shares of WM Technology in the 1st quarter worth $41,000. Segall Bryant & Hamill LLC purchased a new position in shares of WM Technology in the 1st quarter worth $3,056,000. Charles Schwab Investment Management Inc. grew its stake in shares of WM Technology by 9.4% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 259,858 shares of the company’s stock worth $294,000 after buying an additional 22,343 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of WM Technology by 14.0% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 750,054 shares of the company’s stock worth $848,000 after buying an additional 92,286 shares in the last quarter. 22.02% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have commented on MAPS. Weiss Ratings reissued a “sell (d+)” rating on shares of WM Technology in a research note on Wednesday, October 8th. Westpark Capital reissued a “buy” rating and issued a $2.61 price objective on shares of WM Technology in a research note on Monday, August 11th. Finally, Wall Street Zen cut shares of WM Technology from a “strong-buy” rating to a “hold” rating in a research note on Saturday, August 9th. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, WM Technology presently has a consensus rating of “Hold” and an average price target of $2.61.

WM Technology Trading Up 1.9%

MAPS stock opened at $1.06 on Thursday. WM Technology, Inc. has a 12 month low of $0.70 and a 12 month high of $1.65. The company has a 50-day moving average price of $1.17 and a 200 day moving average price of $1.08. The stock has a market cap of $165.94 million, a PE ratio of 13.25 and a beta of 1.08.

WM Technology (NASDAQ:MAPS) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.03). The company had revenue of $44.85 million during the quarter, compared to analysts’ expectations of $45.00 million. WM Technology had a net margin of 4.77% and a return on equity of 7.20%. WM Technology has set its Q3 2025 guidance at EPS.

Insider Activity

In other WM Technology news, General Counsel Brian Camire sold 90,482 shares of the business’s stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $1.17, for a total value of $105,863.94. Following the completion of the sale, the general counsel directly owned 1,933,841 shares of the company’s stock, valued at $2,262,593.97. The trade was a 4.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Douglas Francis sold 156,974 shares of the business’s stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $1.16, for a total transaction of $182,089.84. Following the completion of the sale, the chief executive officer directly owned 8,729,539 shares of the company’s stock, valued at approximately $10,126,265.24. This trade represents a 1.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. 23.64% of the stock is owned by insiders.

WM Technology Profile

WM Technology, Inc provides ecommerce and compliance software solutions to retailers and brands in cannabis market in the United States 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 education and learning information to help newer consumers learn about the types of products to purchase.