Virtu Financial LLC Raises Stock Position in WM Technology, Inc. (NASDAQ:MAPS)

Virtu Financial LLC grew its stake in shares of WM Technology, Inc. (NASDAQ:MAPSFree Report) by 422.8% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 76,635 shares of the company’s stock after acquiring an additional 61,976 shares during the period. Virtu Financial LLC’s holdings in WM Technology were worth $67,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. AdvisorShares Investments LLC purchased a new stake in WM Technology in the second quarter worth about $224,000. Luxor Capital Group LP lifted its position in shares of WM Technology by 754.6% in the 2nd quarter. Luxor Capital Group LP now owns 214,242 shares of the company’s stock worth $223,000 after purchasing an additional 189,174 shares during the period. Bank of New York Mellon Corp bought a new position in shares of WM Technology during the second quarter valued at approximately $196,000. Rhumbline Advisers bought a new position in shares of WM Technology during the second quarter valued at approximately $106,000. Finally, Jacobs Levy Equity Management Inc. purchased a new position in WM Technology during the third quarter valued at approximately $75,000. Hedge funds and other institutional investors own 22.02% of the company’s stock.

WM Technology Price Performance

Shares of MAPS stock opened at $1.63 on Friday. The company has a market cap of $249.17 million, a P/E ratio of -54.32 and a beta of 0.92. The stock’s 50-day moving average is $1.07 and its 200 day moving average is $1.02. WM Technology, Inc. has a 1-year low of $0.70 and a 1-year high of $1.65.

WM Technology (NASDAQ:MAPSGet Free Report) last released its quarterly earnings results on Tuesday, November 12th. The company reported $0.03 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.03. WM Technology had a negative net margin of 1.02% and a negative return on equity of 1.68%. The business had revenue of $46.55 million for the quarter.

Insiders Place Their Bets

In other news, General Counsel Brian Camire sold 27,848 shares of the firm’s stock in a transaction on Monday, November 18th. The stock was 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 $641,741.16. This trade represents a 4.24 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 23.23% of the company’s stock.

Analysts Set New Price Targets

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

View Our Latest Stock Report on WM Technology

WM Technology Profile

(Free Report)

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.

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Institutional Ownership by Quarter for WM Technology (NASDAQ:MAPS)

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