WM Technology, Inc. (NASDAQ:MAPS) Sees Large Growth in Short Interest

WM Technology, Inc. (NASDAQ:MAPS) was the recipient of a large growth in short interest during the month of January. As of January 15th, there was short interest totaling 2,456,120 shares, a growth of 19.6% from the December 31st total of 2,053,082 shares. Based on an average daily volume of 901,092 shares, the short-interest ratio is currently 2.7 days. Currently, 2.0% of the company’s shares are short sold. Currently, 2.0% of the company’s shares are short sold. Based on an average daily volume of 901,092 shares, the short-interest ratio is currently 2.7 days.

Analyst Ratings Changes

Separately, Weiss Ratings cut shares of WM Technology from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, December 29th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $2.61.

Insider Buying and Selling at WM Technology

In other WM Technology news, General Counsel Brian Camire sold 90,979 shares of WM Technology stock in a transaction that occurred on Tuesday, November 18th. The stock was sold at an average price of $0.84, for a total transaction of $76,422.36. Following the transaction, the general counsel owned 1,842,862 shares of the company’s stock, valued at $1,548,004.08. The trade was a 4.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Douglas Francis sold 158,733 shares of the firm’s stock in a transaction on Tuesday, November 18th. The stock was sold at an average price of $0.83, for a total transaction of $131,748.39. Following the transaction, the chief executive officer directly owned 8,570,806 shares in the company, valued at $7,113,768.98. The trade was a 1.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 23.64% of the company’s stock.

Hedge Funds Weigh In On WM Technology

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. JPMorgan Chase & Co. boosted its stake in shares of WM Technology by 1,399.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,512,281 shares of the company’s stock valued at $1,754,000 after buying an additional 1,411,456 shares during the last quarter. Ameriprise Financial Inc. bought a new position in shares of WM Technology during the third quarter valued at approximately $486,000. Two Sigma Investments LP grew its stake 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 during the last quarter. Baader Bank Aktiengesellschaft bought a new position in shares of WM Technology during the third quarter worth about $290,000. Finally, Los Angeles Capital Management LLC grew its position in WM Technology by 29.5% in the 2nd quarter. Los Angeles Capital Management LLC now owns 1,083,336 shares of the company’s stock worth $971,000 after purchasing an additional 246,580 shares during the last quarter. Hedge funds and other institutional investors own 22.02% of the company’s stock.

WM Technology Stock Performance

MAPS stock traded down $0.03 during trading on Wednesday, hitting $0.72. The stock had a trading volume of 1,231,290 shares, compared to its average volume of 925,328. The stock has a market cap of $112.43 million, a price-to-earnings ratio of 10.22 and a beta of 1.23. The company’s 50 day moving average price is $0.87 and its two-hundred day moving average price is $1.00. WM Technology has a 1-year low of $0.71 and a 1-year high of $1.48.

WM Technology (NASDAQ:MAPS) last posted its quarterly earnings data on Thursday, November 6th. The company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.02). The company had revenue of $42.18 million for the quarter, compared to analyst estimates of $42.00 million. WM Technology had a net margin of 4.40% and a return on equity of 6.22%.

About WM Technology

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.