WM Technology (NASDAQ:MAPS) Stock Price Down 3.5%

Shares of WM Technology, Inc. (NASDAQ:MAPSGet Free Report) dropped 3.5% during mid-day trading on Monday . The stock traded as low as $1.10 and last traded at $1.10. Approximately 416,251 shares traded hands during mid-day trading, a decline of 23% from the average daily volume of 543,271 shares. The stock had previously closed at $1.14.

WM Technology Stock Down 3.5 %

The company has a fifty day moving average price of $1.13 and a 200-day moving average price of $0.98. The stock has a market capitalization of $164.31 million, a P/E ratio of -0.89 and a beta of 0.82.

Institutional Investors Weigh In On WM Technology

Several large investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its position in WM Technology by 0.6% in the first quarter. Vanguard Group Inc. now owns 4,452,355 shares of the company’s stock worth $5,922,000 after acquiring an additional 24,588 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in WM Technology by 36.3% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,518,695 shares of the company’s stock worth $3,350,000 after acquiring an additional 671,253 shares in the last quarter. AXS Investments LLC grew its position in WM Technology by 31.2% in the fourth quarter. AXS Investments LLC now owns 813,922 shares of the company’s stock worth $586,000 after acquiring an additional 193,344 shares in the last quarter. Citigroup Inc. purchased a new position in WM Technology in the third quarter worth about $190,000. Finally, Commonwealth Equity Services LLC purchased a new position in WM Technology in the third quarter worth about $78,000. 22.02% of the stock is owned by institutional investors.

About WM Technology

(Get Free Report)

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.

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