WM Technology, Inc. (NASDAQ:MAPS) Shares Purchased by SG Americas Securities LLC

SG Americas Securities LLC increased its position in shares of WM Technology, Inc. (NASDAQ:MAPS) by 40.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 40,305 shares of the company’s stock after acquiring an additional 11,633 shares during the quarter. SG Americas Securities LLC’s holdings in WM Technology were worth $56,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. FNY Investment Advisers LLC boosted 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 worth $27,000 after acquiring an additional 14,900 shares during the last quarter. Virtu Financial LLC boosted its position in WM Technology by 422.8% during the third quarter. Virtu Financial LLC now owns 76,635 shares of the company’s stock worth $67,000 after acquiring an additional 61,976 shares during the last quarter. Jacobs Levy Equity Management Inc. acquired a new position in shares of WM Technology in the 3rd quarter valued at $75,000. Barclays PLC boosted its holdings in shares of WM Technology by 37.5% in the 3rd quarter. Barclays PLC now owns 121,510 shares of the company’s stock valued at $106,000 after purchasing an additional 33,153 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in shares of WM Technology by 100.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 169,284 shares of the company’s stock valued at $147,000 after purchasing an additional 84,907 shares during the last quarter. Institutional investors and hedge funds own 22.02% of the company’s stock.

WM Technology Stock Up 0.7 %

Shares of MAPS opened at $1.39 on Friday. The firm has a market cap of $212.48 million, a PE ratio of -46.32 and a beta of 0.87. The company’s fifty day moving average is $1.38 and its two-hundred day moving average is $1.11. WM Technology, Inc. has a fifty-two week low of $0.70 and a fifty-two week high of $1.65.

WM Technology (NASDAQ:MAPS) last announced its quarterly earnings results on Tuesday, November 12th. The company reported $0.03 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.03. The company had revenue of $46.55 million for the quarter. WM Technology had a negative net margin of 1.02% and a negative return on equity of 1.68%.

Analysts Set New Price Targets

Separately, Westpark Capital reiterated a “buy” rating and issued a $2.61 price target on shares of WM Technology in a report on Wednesday, November 13th.

Insider Activity at WM Technology

In related news, General Counsel Brian Camire sold 27,848 shares of WM Technology stock in a transaction on Monday, November 18th. The shares were sold at an average price of $1.02, for a total transaction of $28,404.96. Following the transaction, the general counsel now owns 629,158 shares in the company, valued at approximately $641,741.16. The trade was a 4.24 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 23.23% of the company’s stock.

WM Technology 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.