WM Technology (NASDAQ:MAPS) Given “Buy” Rating at Westpark Capital

Westpark Capital reissued their buy rating on shares of WM Technology (NASDAQ:MAPS) in a research note published on Friday morning,Benzinga reports. They currently have a $2.61 price objective on the stock.

WM Technology Stock Down 4.3 %

MAPS stock opened at $1.12 on Friday. The stock has a market cap of $172.87 million, a PE ratio of -37.32 and a beta of 1.14. The firm’s 50-day simple moving average is $1.17 and its 200 day simple moving average is $1.22. WM Technology has a fifty-two week low of $0.70 and a fifty-two week high of $1.65.

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of MAPS. Segall Bryant & Hamill LLC bought a new position in WM Technology in the 1st quarter valued at about $3,056,000. Renaissance Technologies LLC increased its stake in shares of WM Technology by 101.2% during the fourth quarter. Renaissance Technologies LLC now owns 2,561,700 shares of the company’s stock valued at $3,535,000 after acquiring an additional 1,288,497 shares during the period. Arrowstreet Capital Limited Partnership bought a new stake in WM Technology during the fourth quarter worth approximately $1,767,000. Two Sigma Investments LP lifted its position in WM Technology by 436.1% in the fourth quarter. Two Sigma Investments LP now owns 615,959 shares of the company’s stock worth $850,000 after purchasing an additional 501,058 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in WM Technology by 144.2% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 655,470 shares of the company’s stock valued at $905,000 after purchasing an additional 387,014 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 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.