Tieton Capital Management LLC Lowers Holdings in BM Technologies, Inc. (NYSE:BMTX)

Tieton Capital Management LLC lowered its position in BM Technologies, Inc. (NYSE:BMTX) by 1.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 479,560 shares of the company’s stock after selling 9,330 shares during the period. Tieton Capital Management LLC owned about 3.96% of BM Technologies worth $1,631,000 at the end of the most recent quarter.

Separately, Renaissance Technologies LLC raised its position in shares of BM Technologies by 323.0% during the 2nd quarter. Renaissance Technologies LLC now owns 134,106 shares of the company’s stock worth $302,000 after purchasing an additional 102,406 shares during the last quarter. 20.15% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Maxim Group restated a “hold” rating on shares of BM Technologies in a research report on Monday, October 28th. Northland Securities raised shares of BM Technologies from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $3.50 to $5.40 in a research note on Thursday, August 22nd. Finally, Northland Capmk cut shares of BM Technologies from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 28th.

BM Technologies Stock Performance

Shares of BMTX opened at $4.77 on Friday. BM Technologies, Inc. has a twelve month low of $1.45 and a twelve month high of $4.87. The firm’s fifty day simple moving average is $3.92 and its 200-day simple moving average is $3.15.

BM Technologies Profile

BM Technologies, Inc, a financial technology company, facilitates deposits and banking services between a customer and its partner banks in the United States. It offers digital banking and disbursement services to consumers and students through a full service fintech banking platform. The company was formerly known as BankMobile Technologies, Inc and changed its name to BM Technologies, Inc in January 2021.