Geode Capital Management LLC Acquires 4,031 Shares of BM Technologies, Inc. (NYSE:BMTX)

Geode Capital Management LLC boosted its holdings in shares of BM Technologies, Inc. (NYSE:BMTX) by 4.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 96,667 shares of the company’s stock after purchasing an additional 4,031 shares during the period. Geode Capital Management LLC owned about 0.80% of BM Technologies worth $329,000 as of its most recent SEC filing.

Separately, Renaissance Technologies LLC raised its stake in shares of BM Technologies by 323.0% in the second quarter. Renaissance Technologies LLC now owns 134,106 shares of the company’s stock valued at $302,000 after acquiring an additional 102,406 shares during the last quarter. 20.15% of the stock is currently owned by institutional investors.

BM Technologies Price Performance

Shares of BM Technologies stock opened at $4.89 on Monday. The firm has a market cap of $59.16 million, a P/E ratio of -4.41 and a beta of 0.17. The firm has a 50 day simple moving average of $4.79 and a 200 day simple moving average of $3.66. BM Technologies, Inc. has a fifty-two week low of $1.45 and a fifty-two week high of $4.95.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on BMTX. Northland Capmk lowered shares of BM Technologies from a “strong-buy” rating to a “hold” rating in a report on Monday, October 28th. Maxim Group reissued a “hold” rating on shares of BM Technologies in a report on Monday, October 28th.

BM Technologies Profile

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.