WM Technology (NASDAQ:MAPS) Earns “Buy” Rating from Westpark Capital

Westpark Capital reiterated their buy rating on shares of WM Technology (NASDAQ:MAPS) in a research note released on Wednesday,Benzinga reports. They currently have a $2.61 price objective on the stock.

WM Technology Price Performance

WM Technology stock opened at $0.99 on Wednesday. The stock’s fifty day moving average price is $0.88 and its two-hundred day moving average price is $0.98. The firm has a market cap of $151.17 million, a PE ratio of -33.06 and a beta of 0.77. WM Technology has a one year low of $0.70 and a one year high of $1.47.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in WM Technology by 0.6% in the first quarter. Vanguard Group Inc. now owns 4,452,355 shares of the company’s stock valued at $5,922,000 after acquiring an additional 24,588 shares during the last quarter. Quadrature Capital Ltd acquired a new stake in WM Technology during the 1st quarter worth approximately $53,000. Tidal Investments LLC bought a new stake in shares of WM Technology in the first quarter worth $4,685,000. Virtu Financial LLC bought a new stake in shares of WM Technology in the 1st quarter valued at about $28,000. Finally, Clear Harbor Asset Management LLC bought a new stake in WM Technology in the second quarter valued at approximately $79,000. Institutional investors and hedge funds own 22.02% of the company’s stock.

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.