Globeflex Capital L P Makes New Investment in WM Technology, Inc. (NASDAQ:MAPS)

Globeflex Capital L P purchased a new stake in WM Technology, Inc. (NASDAQ:MAPS) in the fourth quarter, HoldingsChannel reports. The firm purchased 132,335 shares of the company’s stock, valued at approximately $183,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. FNY Investment Advisers LLC increased its stake in WM Technology by 298.0% during the 4th quarter. FNY Investment Advisers LLC now owns 19,900 shares of the company’s stock worth $27,000 after purchasing an additional 14,900 shares in the last quarter. Raymond James Financial Inc. bought a new stake in WM Technology in the 4th quarter valued at $52,000. SG Americas Securities LLC raised its stake in WM Technology by 40.6% in the 4th quarter. SG Americas Securities LLC now owns 40,305 shares of the company’s stock valued at $56,000 after acquiring an additional 11,633 shares during the period. Virtu Financial LLC increased its position in WM Technology by 422.8% during the 3rd quarter. Virtu Financial LLC now owns 76,635 shares of the company’s stock worth $67,000 after buying an additional 61,976 shares during the period. Finally, Jacobs Levy Equity Management Inc. bought a new position in WM Technology during the 3rd quarter worth $75,000. 22.02% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Westpark Capital restated a “buy” rating and issued a $2.61 price target on shares of WM Technology in a research report on Tuesday, March 11th.

WM Technology Stock Performance

Shares of NASDAQ MAPS opened at $1.25 on Friday. WM Technology, Inc. has a 52 week low of $0.70 and a 52 week high of $1.65. The stock has a market capitalization of $191.08 million, a P/E ratio of -41.65 and a beta of 0.93. The stock’s fifty day moving average is $1.34 and its 200 day moving average is $1.16.

WM Technology (NASDAQ:MAPS) last issued its quarterly earnings results on Thursday, March 13th. The company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.02). WM Technology had a negative return on equity of 1.68% and a negative net margin of 1.02%. The company had revenue of $47.67 million during the quarter, compared to the consensus estimate of $46.00 million.

WM Technology Company 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.