WM Technology, Inc. (NASDAQ:MAPS) Shares Acquired by FNY Investment Advisers LLC

FNY Investment Advisers LLC increased its holdings in WM Technology, Inc. (NASDAQ:MAPS) by 298.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,900 shares of the company’s stock after buying an additional 14,900 shares during the quarter. FNY Investment Advisers LLC’s holdings in WM Technology were worth $27,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in MAPS. Tidal Investments LLC grew its stake in shares of WM Technology by 31.1% in the third quarter. Tidal Investments LLC now owns 3,516,406 shares of the company’s stock worth $3,059,000 after purchasing an additional 834,551 shares in the last quarter. Luxor Capital Group LP grew its position in WM Technology by 754.6% in the 2nd quarter. Luxor Capital Group LP now owns 214,242 shares of the company’s stock valued at $223,000 after buying an additional 189,174 shares in the last quarter. Bank of New York Mellon Corp acquired a new position in WM Technology during the 2nd quarter valued at about $196,000. Rhumbline Advisers bought a new stake in shares of WM Technology during the 2nd quarter worth about $106,000. Finally, Jacobs Levy Equity Management Inc. acquired a new stake in shares of WM Technology in the 3rd quarter worth approximately $75,000. 22.02% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Westpark Capital restated a “buy” rating and issued a $2.61 price objective on shares of WM Technology in a report on Wednesday, November 13th.

WM Technology Price Performance

Shares of MAPS opened at $1.31 on Thursday. The firm’s 50 day moving average is $1.27 and its 200-day moving average is $1.07. WM Technology, Inc. has a 12-month low of $0.70 and a 12-month high of $1.65. The stock has a market capitalization of $200.25 million, a P/E ratio of -43.65 and a beta of 0.87.

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

Insider Transactions at WM Technology

In other WM Technology news, General Counsel Brian Camire sold 27,848 shares of the business’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $1.02, for a total transaction of $28,404.96. Following the sale, the general counsel now owns 629,158 shares in the company, valued at approximately $641,741.16. The trade was a 4.24 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 23.23% of the stock is owned by insiders.

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.