Barclays PLC Raises Stock Position in WM Technology, Inc. (NASDAQ:MAPS)

Barclays PLC grew its stake in WM Technology, Inc. (NASDAQ:MAPS) by 37.5% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 121,510 shares of the company’s stock after acquiring an additional 33,153 shares during the period. Barclays PLC owned about 0.08% of WM Technology worth $106,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. SG Americas Securities LLC purchased a new stake in WM Technology during the 3rd quarter worth approximately $25,000. State Street Corp increased its stake in WM Technology by 4.6% during the 3rd quarter. State Street Corp now owns 989,704 shares of the company’s stock worth $861,000 after buying an additional 43,343 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its stake in WM Technology by 16.7% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 427,819 shares of the company’s stock worth $372,000 after buying an additional 61,265 shares during the period. Jacobs Levy Equity Management Inc. purchased a new stake in WM Technology during the 3rd quarter worth approximately $75,000. Finally, Luxor Capital Group LP increased its stake in WM Technology by 42.5% during the 3rd quarter. Luxor Capital Group LP now owns 305,192 shares of the company’s stock worth $266,000 after buying an additional 90,950 shares during the period. 22.02% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at WM Technology

In other WM Technology news, General Counsel Brian Camire sold 27,848 shares of the stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $1.02, for a total value of $28,404.96. Following the sale, the general counsel now directly owns 629,158 shares of the company’s stock, valued at approximately $641,741.16. This represents a 4.24 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Insiders own 23.23% of the company’s stock.

WM Technology Stock Down 7.5 %

Shares of MAPS opened at $1.36 on Thursday. WM Technology, Inc. has a fifty-two week low of $0.70 and a fifty-two week high of $1.65. The firm’s 50 day moving average price is $1.22 and its 200 day moving average price is $1.06. The company has a market cap of $207.89 million, a P/E ratio of -45.32 and a beta of 0.87.

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

Analyst Ratings Changes

Separately, Westpark Capital reaffirmed a “buy” rating and set a $2.61 target price on shares of WM Technology in a research note on Wednesday, November 13th.

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.