BM Technologies, Inc. (NYSE:BMTX) Shares Sold by Tieton Capital Management LLC

Tieton Capital Management LLC reduced its holdings in shares of BM Technologies, Inc. (NYSE:BMTX) by 1.9% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 479,560 shares of the company’s stock after selling 9,330 shares during the period. Tieton Capital Management LLC’s holdings in BM Technologies were worth $1,631,000 as of its most recent filing with the SEC.

Separately, Renaissance Technologies LLC grew its position in BM Technologies by 323.0% during the 2nd quarter. Renaissance Technologies LLC now owns 134,106 shares of the company’s stock worth $302,000 after purchasing an additional 102,406 shares during the last quarter. Hedge funds and other institutional investors own 20.15% of the company’s stock.

BM Technologies Stock Performance

Shares of NYSE BMTX opened at $4.77 on Friday. The firm has a 50-day moving average price of $3.92 and a 200 day moving average price of $3.15. BM Technologies, Inc. has a 52 week low of $1.45 and a 52 week high of $4.87.

Analyst Ratings Changes

BMTX has been the topic of several analyst reports. Northland Capmk downgraded shares of BM Technologies from a “strong-buy” rating to a “hold” rating in a report on Monday, October 28th. Northland Securities raised shares of BM Technologies from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $3.50 to $5.40 in a report on Thursday, August 22nd. Finally, Maxim Group reiterated a “hold” rating on shares of BM Technologies in a research note on Monday, October 28th.

About BM Technologies

BM Technologies, Inc, a financial technology company, facilitates deposits and banking services between a customer and its partner banks in the United States. It offers digital banking and disbursement services to consumers and students through a full service fintech banking platform. The company was formerly known as BankMobile Technologies, Inc and changed its name to BM Technologies, Inc in January 2021.