WM Technology’s (MAPS) “Buy” Rating Reaffirmed at Westpark Capital

Westpark Capital reissued their buy rating on shares of WM Technology (NASDAQ:MAPS) in a report issued on Tuesday,Benzinga reports. Westpark Capital currently has a $2.61 price target on the stock.

WM Technology Trading Down 0.8 %

NASDAQ:MAPS opened at $1.26 on Tuesday. WM Technology has a 1-year low of $0.70 and a 1-year high of $1.65. The stock’s 50-day moving average is $1.36 and its 200-day moving average is $1.16. The stock has a market cap of $192.61 million, a P/E ratio of -41.99 and a beta of 0.93.

Hedge Funds Weigh In On WM Technology

A number of hedge funds have recently bought and sold shares of MAPS. Tidal Investments LLC boosted its position in shares of WM Technology by 4.3% during the 4th quarter. Tidal Investments LLC now owns 3,666,334 shares of the company’s stock valued at $5,060,000 after purchasing an additional 149,928 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in shares of WM Technology by 101.2% during the 4th quarter. Renaissance Technologies LLC now owns 2,561,700 shares of the company’s stock worth $3,535,000 after buying an additional 1,288,497 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in shares of WM Technology during the 4th quarter worth approximately $1,767,000. State Street Corp increased its stake in shares of WM Technology by 4.6% in the 3rd quarter. State Street Corp now owns 989,704 shares of the company’s stock valued at $861,000 after acquiring an additional 43,343 shares in the last quarter. Finally, Northern Trust Corp lifted its position in shares of WM Technology by 2.4% during the 4th quarter. Northern Trust Corp now owns 719,573 shares of the company’s stock valued at $993,000 after acquiring an additional 16,737 shares during the period. Institutional investors own 22.02% of the company’s stock.

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.