WM Technology, Inc. (NASDAQ:MAPS) Director Scott Gordon Sells 94,340 Shares of Stock

WM Technology, Inc. (NASDAQ:MAPS) Director Scott Gordon sold 94,340 shares of the stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of $0.91, for a total value of $85,849.40. Following the sale, the director now owns 729,918 shares in the company, valued at $664,225.38. The trade was a 11.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

WM Technology Stock Up 5.3%

Shares of NASDAQ:MAPS opened at $0.93 on Friday. The company’s 50-day moving average price is $1.09 and its 200 day moving average price is $1.23. The company has a market cap of $143.01 million, a PE ratio of 11.58 and a beta of 1.06. WM Technology, Inc. has a fifty-two week low of $0.70 and a fifty-two week high of $1.65.

WM Technology (NASDAQ:MAPS) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.02 EPS for the quarter, meeting the consensus estimate of $0.02. The company had revenue of $44.61 million for the quarter, compared to analyst estimates of $43.00 million. WM Technology had a net margin of 4.36% and a return on equity of 6.88%.

Wall Street Analysts Forecast Growth

MAPS has been the subject of a number of analyst reports. Wall Street Zen upgraded WM Technology from a “buy” rating to a “strong-buy” rating in a research report on Thursday, May 22nd. Westpark Capital reiterated a “buy” rating and issued a $2.61 target price on shares of WM Technology in a research note on Friday, May 9th.

Hedge Funds Weigh In On WM Technology

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Cubist Systematic Strategies LLC bought a new stake in WM Technology during the 4th quarter valued at $28,000. The Manufacturers Life Insurance Company acquired a new position in shares of WM Technology during the fourth quarter valued at $35,000. Voya Investment Management LLC bought a new stake in shares of WM Technology during the fourth quarter valued at about $39,000. Kathmere Capital Management LLC bought a new stake in shares of WM Technology during the first quarter valued at about $41,000. Finally, FNY Investment Advisers LLC lifted its holdings in WM Technology by 125.6% in the first quarter. FNY Investment Advisers LLC now owns 44,900 shares of the company’s stock worth $50,000 after purchasing an additional 25,000 shares during the period. 22.02% of the stock is owned by institutional investors.

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.