WM Technology (NASDAQ:MAPS) Rating Reiterated by Westpark Capital

WM Technology (NASDAQ:MAPS)‘s stock had its “buy” rating reiterated by analysts at Westpark Capital in a report issued on Monday, Benzinga reports. They currently have a $2.61 price target on the stock. Westpark Capital’s price target would indicate a potential upside of 180.80% from the stock’s previous close.

WM Technology Price Performance

NASDAQ MAPS opened at $0.93 on Monday. WM Technology has a 52-week low of $0.70 and a 52-week high of $1.88. The business’s 50-day moving average price is $1.02 and its 200 day moving average price is $1.04.

WM Technology (NASDAQ:MAPS) last posted its quarterly earnings data on Friday, May 24th. The company reported $0.01 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.02. The company had revenue of $44.39 million during the quarter. WM Technology had a negative return on equity of 13.38% and a negative net margin of 3.65%.

Insider Buying and Selling at WM Technology

In other news, CTO Duncan Grazier sold 35,272 shares of the firm’s stock in a transaction on Friday, June 7th. The shares were sold at an average price of $0.98, for a total value of $34,566.56. Following the completion of the sale, the chief technology officer now owns 694,654 shares in the company, valued at approximately $680,760.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other WM Technology news, CTO Duncan Grazier sold 35,272 shares of the business’s stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $0.98, for a total transaction of $34,566.56. Following the transaction, the chief technology officer now owns 694,654 shares in the company, valued at approximately $680,760.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Brian Camire sold 70,851 shares of the firm’s stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $0.98, for a total value of $69,433.98. Following the completion of the sale, the general counsel now directly owns 696,718 shares of the company’s stock, valued at $682,783.64. The disclosure for this sale can be found here. In the last three months, insiders have sold 200,557 shares of company stock valued at $199,783. 23.23% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Virtu Financial LLC purchased a new stake in shares of WM Technology during the 1st quarter worth approximately $28,000. Quadrature Capital Ltd purchased a new stake in WM Technology during the first quarter worth $53,000. Clear Harbor Asset Management LLC acquired a new stake in WM Technology in the second quarter valued at $79,000. Rhumbline Advisers purchased a new position in shares of WM Technology in the second quarter valued at $106,000. Finally, Bank of New York Mellon Corp acquired a new position in shares of WM Technology during the 2nd quarter worth $196,000. 22.02% of the stock is currently owned by institutional investors and hedge funds.

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.