Bridgeway Capital Management LLC Sells 15,700 Shares of WM Technology, Inc. (NASDAQ:MAPS)

Bridgeway Capital Management LLC lowered its position in shares of WM Technology, Inc. (NASDAQ:MAPS) by 4.8% in the 4th quarter, Holdings Channel.com reports. The fund owned 312,000 shares of the company’s stock after selling 15,700 shares during the quarter. Bridgeway Capital Management LLC’s holdings in WM Technology were worth $431,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD grew its holdings in shares of WM Technology by 42.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 38,765 shares of the company’s stock worth $54,000 after acquiring an additional 11,573 shares during the period. SG Americas Securities LLC increased its position in WM Technology by 40.6% during the fourth quarter. SG Americas Securities LLC now owns 40,305 shares of the company’s stock valued at $56,000 after acquiring an additional 11,633 shares during the last quarter. Wells Fargo & Company MN increased its position in WM Technology by 52.0% during the fourth quarter. Wells Fargo & Company MN now owns 41,053 shares of the company’s stock valued at $57,000 after acquiring an additional 14,043 shares during the last quarter. FNY Investment Advisers LLC increased its position in WM Technology by 298.0% during the fourth quarter. FNY Investment Advisers LLC now owns 19,900 shares of the company’s stock valued at $27,000 after acquiring an additional 14,900 shares during the last quarter. Finally, Barclays PLC increased its position in WM Technology by 12.4% during the fourth quarter. Barclays PLC now owns 136,584 shares of the company’s stock valued at $188,000 after acquiring an additional 15,074 shares during the last quarter. Institutional investors own 22.02% of the company’s stock.

WM Technology Price Performance

Shares of MAPS stock opened at $1.12 on Monday. WM Technology, Inc. has a 1 year low of $0.70 and a 1 year high of $1.65. The firm has a fifty day moving average price of $1.17 and a 200-day moving average price of $1.23. The company has a market cap of $172.87 million, a price-to-earnings ratio of -37.32 and a beta of 1.14.

WM Technology (NASDAQ:MAPS) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.02 earnings per share (EPS) for the quarter. WM Technology had a negative net margin of 1.02% and a negative return on equity of 1.68%.

Wall Street Analysts Forecast Growth

Separately, Westpark Capital reiterated a “buy” rating and set a $2.61 price objective on shares of WM Technology in a research report on Friday.

About WM Technology

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.