WM Technology (NASDAQ:MAPS) Stock Price Up 1.7% – Time to Buy?

WM Technology, Inc. (NASDAQ:MAPS – Get Free Report)’s stock price traded up 1.7% during trading on Thursday . The stock traded as high as $0.4160 and last traded at $0.4138. Approximately 313,318 shares changed hands during trading, a decline of 77% from the average session volume of 1,364,400 shares. The stock had previously closed at $0.4070.

WM Technology Trading Down 3.3%

The stock’s 50 day moving average price is $0.38 and its 200 day moving average price is $0.48. The company has a market capitalization of $63.63 million, a price-to-earnings ratio of 20.02 and a beta of 0.87.

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WM Technology (NASDAQ:MAPS – Get Free Report) last released its earnings results on Thursday, August 6th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.01). WM Technology had a net margin of 1.12% and a return on equity of 1.51%. The company had revenue of $42.45 million during the quarter, compared to analyst estimates of $42.70 million.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Renaissance Technologies LLC boosted its holdings in shares of WM Technology by 3.5% in the 1st quarter. Renaissance Technologies LLC now owns 1,927,014 shares of the company’s stock valued at $1,269,000 after buying an additional 64,700 shares during the last quarter. Corient Private Wealth LLC grew its stake in shares of WM Technology by 65.5% in the fourth quarter. Corient Private Wealth LLC now owns 151,593 shares of the company’s stock valued at $125,000 after buying an additional 60,013 shares in the last quarter. DGS Capital Management LLC increased its holdings in WM Technology by 143.6% during the fourth quarter. DGS Capital Management LLC now owns 37,041 shares of the company’s stock worth $31,000 after buying an additional 21,834 shares during the last quarter. Invesco Ltd. increased its holdings in WM Technology by 43.8% during the fourth quarter. Invesco Ltd. now owns 57,105 shares of the company’s stock worth $47,000 after buying an additional 17,386 shares during the last quarter. Finally, Beartown Capital Management LLC bought a new stake in WM Technology during the fourth quarter worth $469,000. Institutional investors and hedge funds own 22.02% of the company’s stock.

About WM Technology

(Get Free Report)

WM Technology, Inc is a software-as-a-service provider that delivers cloud-based solutions to the wealth and asset management industry. The company’s platform is designed to support financial advisors, broker-dealers and registered investment advisors with digital investment advice, portfolio management, performance reporting and compliance monitoring.

WM Technology’s product suite includes tools for streamlined client onboarding, interactive financial planning, automated portfolio rebalancing and tax-aware investment strategies.

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