WM Technology, Inc. (NASDAQ:MAPS) Director William Glen Ibbott Sells 50,505 Shares

WM Technology, Inc. (NASDAQ:MAPS) Director William Glen Ibbott sold 50,505 shares of the stock in a transaction on Tuesday, June 24th. The shares were sold at an average price of $0.91, for a total transaction of $45,959.55. Following the completion of the sale, the director now owns 117,845 shares of the company’s stock, valued at approximately $107,238.95. This represents a 30.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

WM Technology Price Performance

Shares of WM Technology stock opened at $0.93 on Friday. The business has a fifty day simple moving average of $1.09 and a two-hundred day simple moving average of $1.23. WM Technology, Inc. has a 1 year low of $0.70 and a 1 year high of $1.65. The company has a market capitalization of $143.01 million, a price-to-earnings ratio of 11.58 and a beta of 1.06.

WM Technology (NASDAQ:MAPS) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.02 earnings per share 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%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on MAPS shares. Westpark Capital reaffirmed a “buy” rating and issued a $2.61 target price on shares of WM Technology in a report on Friday, May 9th. Wall Street Zen raised WM Technology from a “buy” rating to a “strong-buy” rating in a research report on Thursday, May 22nd.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Cubist Systematic Strategies LLC acquired a new stake in WM Technology during the fourth quarter worth approximately $28,000. The Manufacturers Life Insurance Company acquired a new position in shares of WM Technology in the fourth quarter valued at approximately $35,000. Voya Investment Management LLC bought a new position in shares of WM Technology during the fourth quarter worth approximately $39,000. Kathmere Capital Management LLC acquired a new stake in WM Technology during the 1st quarter worth approximately $41,000. Finally, FNY Investment Advisers LLC lifted its holdings in WM Technology by 125.6% during the 1st 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 last quarter. Institutional investors and hedge funds own 22.02% of the company’s stock.

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.