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

WM Technology (NASDAQ:MAPS)‘s stock had its “buy” rating reiterated by stock analysts at Westpark Capital in a research report issued to clients and investors on Tuesday,Benzinga reports. They presently have a $2.61 target price on the stock. Westpark Capital’s target price points to a potential upside of 121.19% from the company’s previous close.

WM Technology Stock Down 6.3 %

Shares of MAPS opened at $1.18 on Tuesday. The firm has a market cap of $180.38 million, a PE ratio of -39.32 and a beta of 0.93. The company’s fifty day moving average is $1.35 and its two-hundred day moving average is $1.16. WM Technology has a fifty-two week low of $0.70 and a fifty-two week high of $1.65.

Hedge Funds Weigh In On WM Technology

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Mackenzie Financial Corp acquired a new position in shares of WM Technology during the 4th quarter valued at $84,000. Squarepoint Ops LLC acquired a new position in shares of WM Technology during the 4th quarter valued at $93,000. Two Sigma Advisers LP lifted its holdings in shares of WM Technology by 1,678.7% during the 4th quarter. Two Sigma Advisers LP now owns 250,800 shares of the company’s stock valued at $346,000 after acquiring an additional 236,700 shares in the last quarter. Two Sigma Investments LP lifted its holdings in shares of WM Technology by 436.1% during the 4th quarter. Two Sigma Investments LP now owns 615,959 shares of the company’s stock valued at $850,000 after acquiring an additional 501,058 shares in the last quarter. Finally, Tidal Investments LLC lifted its holdings in shares of WM Technology by 4.3% during the 4th quarter. Tidal Investments LLC now owns 3,666,334 shares of the company’s stock valued at $5,060,000 after acquiring an additional 149,928 shares in the last quarter. Institutional investors and hedge funds own 22.02% of the company’s stock.

About WM Technology

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.