Shares of WM Technology, Inc. (NASDAQ:MAPS – Get Free Report) were down 2% on Thursday . The company traded as low as $0.38 and last traded at $0.3820. Approximately 139,106 shares traded hands during mid-day trading, a decline of 92% from the average daily volume of 1,710,030 shares. The stock had previously closed at $0.3898.
WM Technology Stock Performance
The firm has a market capitalization of $60.75 million, a P/E ratio of 19.11 and a beta of 0.87. The company has a 50-day moving average price of $0.38 and a 200-day moving average price of $0.62.
Hedge Funds Weigh In On WM Technology
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. grew its position in shares of WM Technology by 1,399.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,512,281 shares of the company’s stock worth $1,754,000 after buying an additional 1,411,456 shares during the period. Beartown Capital Management LLC acquired a new stake in shares of WM Technology in the 4th quarter valued at approximately $469,000. Ameriprise Financial Inc. acquired a new stake in shares of WM Technology in the 3rd quarter valued at approximately $486,000. Verdad Advisers LP bought a new position in WM Technology during the 4th quarter worth approximately $338,000. Finally, Two Sigma Investments LP boosted its stake in WM Technology by 60.0% during the 3rd quarter. Two Sigma Investments LP now owns 787,714 shares of the company’s stock worth $914,000 after acquiring an additional 295,252 shares during the last quarter. Institutional investors own 22.02% of the company’s stock.
WM Technology Company Profile
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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