Pictet Asset Management SA Invests $45,000 in WM Technology, Inc. (NASDAQ:MAPS)

Pictet Asset Management SA acquired a new position in WM Technology, Inc. (NASDAQ:MAPSGet Rating) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 13,547 shares of the company’s stock, valued at approximately $45,000.

A number of other hedge funds have also recently made changes to their positions in MAPS. Nisa Investment Advisors LLC bought a new position in shares of WM Technology in the second quarter worth about $25,000. Y Intercept Hong Kong Ltd purchased a new stake in shares of WM Technology in the second quarter worth about $37,000. Exchange Traded Concepts LLC purchased a new stake in shares of WM Technology in the second quarter worth about $45,000. Strs Ohio purchased a new stake in shares of WM Technology in the second quarter worth about $54,000. Finally, Banque Cantonale Vaudoise lifted its position in shares of WM Technology by 83.2% in the first quarter. Banque Cantonale Vaudoise now owns 7,000 shares of the company’s stock worth $55,000 after buying an additional 3,180 shares in the last quarter. Institutional investors own 34.47% of the company’s stock.

Insider Transactions at WM Technology

In other news, CFO Arden Lee sold 28,977 shares of the stock in a transaction that occurred on Thursday, November 17th. The stock was sold at an average price of $1.20, for a total value of $34,772.40. Following the sale, the chief financial officer now directly owns 495,616 shares in the company, valued at $594,739.20. The sale was disclosed in a document filed with the SEC, which is available at this link. In other news, insider Justin Dean sold 26,977 shares of the stock in a transaction that occurred on Thursday, November 17th. The stock was sold at an average price of $1.20, for a total value of $32,372.40. Following the sale, the insider now directly owns 252,857 shares in the company, valued at $303,428.40. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Arden Lee sold 28,977 shares of the stock in a transaction that occurred on Thursday, November 17th. The stock was sold at an average price of $1.20, for a total value of $34,772.40. Following the completion of the transaction, the chief financial officer now directly owns 495,616 shares in the company, valued at approximately $594,739.20. The disclosure for this sale can be found here. Over the last three months, insiders have sold 127,383 shares of company stock worth $153,147. 41.89% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Cantor Fitzgerald decreased their target price on WM Technology from $7.00 to $5.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 8th. Truist Financial downgraded WM Technology from a “buy” rating to a “hold” rating and decreased their target price for the stock from $5.00 to $2.00 in a research report on Tuesday, November 8th. Canaccord Genuity Group decreased their target price on WM Technology from $6.00 to $4.75 in a research report on Tuesday, November 8th. Piper Sandler decreased their target price on WM Technology from $4.00 to $3.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 8th. Finally, BTIG Research downgraded WM Technology from a “buy” rating to a “neutral” rating in a research report on Wednesday, August 10th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $3.59.

WM Technology Price Performance

Shares of MAPS stock opened at $1.17 on Friday. WM Technology, Inc. has a 1 year low of $1.03 and a 1 year high of $8.35. The stock’s 50 day simple moving average is $1.70 and its two-hundred day simple moving average is $3.13. The company has a market cap of $171.33 million, a PE ratio of 2.85 and a beta of 1.08.

WM Technology (NASDAQ:MAPSGet Rating) last issued its quarterly earnings data on Monday, November 7th. The company reported ($0.06) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.06). WM Technology had a negative return on equity of 40.79% and a net margin of 12.67%. The business had revenue of $50.50 million for the quarter, compared to the consensus estimate of $50.17 million. Equities research analysts expect that WM Technology, Inc. will post -0.19 EPS for the current year.

WM Technology Profile

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WM Technology, Inc provides ecommerce and compliance software solutions to retailers and brands in cannabis market in the United States, Canada, 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 information on the cannabis plant, and the industry and advocate related services for legalization.

See Also

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Institutional Ownership by Quarter for WM Technology (NASDAQ:MAPS)

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