BM Technologies (NYSE:BMTX) Given “Buy” Rating at Chardan Capital

Chardan Capital reissued their buy rating on shares of BM Technologies (NYSE:BMTX) in a research report report published on Monday morning, Benzinga reports. They currently have a $8.00 price objective on the stock.

BM Technologies Stock Up 4.3 %

BMTX stock opened at $1.70 on Monday. The firm has a market capitalization of $20.51 million, a PE ratio of -1.13 and a beta of -0.01. BM Technologies has a twelve month low of $1.41 and a twelve month high of $3.85. The stock has a 50-day simple moving average of $1.72 and a two-hundred day simple moving average of $2.18.

BM Technologies (NYSE:BMTX) last issued its quarterly earnings data on Wednesday, April 3rd. The company reported ($0.34) EPS for the quarter. BM Technologies had a negative return on equity of 46.82% and a negative net margin of 30.91%. The business had revenue of $14.86 million for the quarter. On average, equities research analysts anticipate that BM Technologies will post -0.86 EPS for the current fiscal year.

Institutional Inflows and Outflows

An institutional investor recently raised its position in BM Technologies stock. Pacific Ridge Capital Partners LLC lifted its holdings in shares of BM Technologies, Inc. (NYSE:BMTX) by 40.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 645,768 shares of the company’s stock after purchasing an additional 185,626 shares during the quarter. Pacific Ridge Capital Partners LLC owned 5.44% of BM Technologies worth $1,324,000 at the end of the most recent quarter. Institutional investors and hedge funds own 20.15% of the company’s stock.

About BM Technologies

BM Technologies, Inc operates as a financial technology (fintech) company in the United States. It facilitates deposits and banking services between a customer and its partner bank, customers bank, which is a related party and is a Federal Deposit Insurance Corporation insured bank. The company, through its fintech banking platform, offers digital banking and disbursement services to consumers and students through digital channels.