WM Technology (NASDAQ:MAPS) Coverage Initiated by Analysts at Westpark Capital

Westpark Capital began coverage on shares of WM Technology (NASDAQ:MAPS – Get Rating) in a report issued on Wednesday morning, The Fly reports. The firm issued a hold rating on the stock.

Separately, Piper Sandler lowered their price target on WM Technology from $3.00 to $1.50 and set a neutral rating on the stock in a research report on Tuesday, March 21st. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, WM Technology has a consensus rating of Hold and a consensus target price of $3.29.

WM Technology Price Performance

Shares of NASDAQ:MAPS opened at $0.93 on Wednesday. The business’s fifty day moving average price is $0.79 and its two-hundred day moving average price is $1.02. WM Technology has a fifty-two week low of $0.60 and a fifty-two week high of $6.33. The stock has a market capitalization of $137.99 million, a price-to-earnings ratio of -0.81 and a beta of 1.00.

Hedge Funds Weigh In On WM Technology

Institutional investors and hedge funds have recently bought and sold shares of the business. Level Four Advisory Services LLC acquired a new position in WM Technology in the third quarter worth $26,000. SG Americas Securities LLC acquired a new position in WM Technology in the first quarter worth $26,000. Alliancebernstein L.P. acquired a new position in WM Technology in the third quarter worth $30,000. Quantbot Technologies LP acquired a new position in WM Technology in the third quarter worth $31,000. Finally, HBK Sorce Advisory LLC boosted its stake in WM Technology by 100.0% in the fourth quarter. HBK Sorce Advisory LLC now owns 30,000 shares of the company’s stock worth $32,000 after purchasing an additional 15,000 shares in the last quarter. Institutional investors and hedge funds own 31.72% of the company’s stock.

About WM Technology

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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.