BM Technologies (NYSE:BMTX – Get Rating) had its price objective reduced by Northland Securities from $6.00 to $5.00 in a research note issued to investors on Tuesday, The Fly reports.
Several other equities analysts have also weighed in on BMTX. Maxim Group reduced their price target on shares of BM Technologies from $15.00 to $10.00 in a research report on Tuesday, March 28th. Chardan Capital restated a buy rating and set a $13.00 price target on shares of BM Technologies in a research report on Wednesday, March 29th.
BM Technologies Stock Performance
Shares of NYSE BMTX opened at $2.80 on Tuesday. The company’s 50 day moving average price is $3.07 and its 200-day moving average price is $4.25. The company has a market capitalization of $33.21 million, a P/E ratio of -3.33 and a beta of -0.02. BM Technologies has a 52-week low of $2.60 and a 52-week high of $8.58.
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in BMTX. Tower Research Capital LLC TRC boosted its holdings in shares of BM Technologies by 296.3% during the 3rd quarter. Tower Research Capital LLC TRC now owns 3,876 shares of the company’s stock valued at $26,000 after buying an additional 2,898 shares in the last quarter. Charles Schwab Investment Management Inc. bought a new position in shares of BM Technologies during the 4th quarter valued at approximately $53,000. Romano Brothers AND Company boosted its stake in BM Technologies by 18.2% in the 4th quarter. Romano Brothers AND Company now owns 13,000 shares of the company’s stock worth $68,000 after purchasing an additional 2,000 shares during the period. Millennium Management LLC bought a new position in BM Technologies in the 2nd quarter worth approximately $69,000. Finally, Price T Rowe Associates Inc. MD purchased a new stake in BM Technologies during the 3rd quarter valued at $71,000. 30.60% of the stock is owned by hedge funds and other institutional investors.
BM Technologies Company Profile
BM Technologies, Inc is a technology company that provides banking services through its partner banks. It offers a mobile banking platform in the U.S. that provides access to checking and savings accounts, personal loans and credit cards. The company’s operating model enables partner banks to provide banking services to low and middle-income Americans who have been left behind by the fee model of traditional banks.
- Get a free copy of the StockNews.com research report on BM Technologies (BMTX)
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