WM Technology, Inc. (NASDAQ:MAPS) Shares Acquired by SG Americas Securities LLC

SG Americas Securities LLC increased its position in shares of WM Technology, Inc. (NASDAQ:MAPS) by 40.6% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 40,305 shares of the company’s stock after buying an additional 11,633 shares during the period. SG Americas Securities LLC’s holdings in WM Technology were worth $56,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MAPS. Tidal Investments LLC increased its stake in WM Technology by 31.1% during the 3rd quarter. Tidal Investments LLC now owns 3,516,406 shares of the company’s stock worth $3,059,000 after buying an additional 834,551 shares during the period. Luxor Capital Group LP increased its stake in WM Technology by 42.5% during the 3rd quarter. Luxor Capital Group LP now owns 305,192 shares of the company’s stock worth $266,000 after buying an additional 90,950 shares during the period. Jacobs Levy Equity Management Inc. purchased a new stake in WM Technology during the 3rd quarter worth $75,000. JPMorgan Chase & Co. increased its stake in WM Technology by 100.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 169,284 shares of the company’s stock worth $147,000 after buying an additional 84,907 shares during the period. Finally, Virtu Financial LLC increased its stake 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. Hedge funds and other institutional investors own 22.02% of the company’s stock.

Analysts Set New Price Targets

Separately, Westpark Capital reaffirmed a “buy” rating and set a $2.61 price target on shares of WM Technology in a research note on Wednesday, November 13th.

Insider Transactions at WM Technology

In other news, General Counsel Brian Camire sold 27,848 shares of the business’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $1.02, for a total value of $28,404.96. Following the completion of the sale, the general counsel now owns 629,158 shares of the company’s stock, valued at approximately $641,741.16. The trade was a 4.24 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 23.23% of the company’s stock.

WM Technology Stock Performance

MAPS opened at $1.39 on Friday. The company has a 50-day moving average of $1.38 and a 200-day moving average of $1.11. The company has a market capitalization of $212.48 million, a P/E ratio of -46.32 and a beta of 0.87. WM Technology, Inc. has a 1-year low of $0.70 and a 1-year high of $1.65.

WM Technology (NASDAQ:MAPS) last released its earnings results on Tuesday, November 12th. The company reported $0.03 earnings per share for the quarter, hitting the consensus estimate of $0.03. The company had revenue of $46.55 million during the quarter. WM Technology had a negative net margin of 1.02% and a negative return on equity of 1.68%.

WM Technology 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.