Price T Rowe Associates Inc. MD Raises Position in WM Technology, Inc. (NASDAQ:MAPS)

Price T Rowe Associates Inc. MD grew its holdings in WM Technology, Inc. (NASDAQ:MAPS) by 42.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 38,765 shares of the company’s stock after purchasing an additional 11,573 shares during the period. Price T Rowe Associates Inc. MD’s holdings in WM Technology were worth $54,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Raymond James Financial Inc. purchased a new position in WM Technology in the 4th quarter valued at approximately $52,000. SG Americas Securities LLC raised its position in WM Technology by 40.6% in the 4th quarter. SG Americas Securities LLC now owns 40,305 shares of the company’s stock worth $56,000 after purchasing an additional 11,633 shares during the period. Wells Fargo & Company MN raised its position in WM Technology by 52.0% in the 4th quarter. Wells Fargo & Company MN now owns 41,053 shares of the company’s stock worth $57,000 after purchasing an additional 14,043 shares during the period. XTX Topco Ltd purchased a new position in WM Technology in the 4th quarter worth $62,000. Finally, Barclays PLC increased its position in shares of WM Technology by 37.5% in the third quarter. Barclays PLC now owns 121,510 shares of the company’s stock valued at $106,000 after acquiring an additional 33,153 shares during the period. 22.02% of the stock is currently owned by hedge funds and other institutional investors.

WM Technology Price Performance

NASDAQ:MAPS opened at $1.08 on Monday. WM Technology, Inc. has a one year low of $0.70 and a one year high of $1.65. The company’s 50-day simple moving average is $1.15 and its 200 day simple moving average is $1.24. The firm has a market capitalization of $166.70 million, a P/E ratio of -35.99 and a beta of 1.14.

WM Technology (NASDAQ:MAPS) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.02 EPS for the quarter, hitting the consensus estimate of $0.02. WM Technology had a negative net margin of 1.02% and a negative return on equity of 1.68%. The business had revenue of $44.61 million for the quarter, compared to analyst estimates of $43.00 million.

Wall Street Analysts Forecast Growth

Separately, Westpark Capital reiterated a “buy” rating and set a $2.61 price target on shares of WM Technology in a research report on Friday, May 9th.

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.