Merlin Capital LLC acquired a new position in shares of WM Technology, Inc. (NASDAQ:MAPS – Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 391,706 shares of the company’s stock, valued at approximately $1,289,000. WM Technology accounts for about 2.2% of Merlin Capital LLC’s portfolio, making the stock its 11th largest holding. Merlin Capital LLC owned approximately 0.26% of WM Technology as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors also recently made changes to their positions in MAPS. Vanguard Group Inc. increased its position in shares of WM Technology by 40.7% during the 1st quarter. Vanguard Group Inc. now owns 4,687,365 shares of the company’s stock worth $36,655,000 after purchasing an additional 1,356,144 shares in the last quarter. BlackRock Inc. increased its position in WM Technology by 0.3% in the 3rd quarter. BlackRock Inc. now owns 4,389,662 shares of the company’s stock valued at $7,068,000 after acquiring an additional 11,876 shares in the last quarter. Morgan Stanley increased its position in WM Technology by 70.6% in the 4th quarter. Morgan Stanley now owns 3,850,781 shares of the company’s stock valued at $3,889,000 after acquiring an additional 1,593,491 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in WM Technology by 25.2% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,718,201 shares of the company’s stock valued at $2,308,000 after acquiring an additional 547,908 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in WM Technology by 40.5% in the 1st quarter. Bank of New York Mellon Corp now owns 1,951,653 shares of the company’s stock valued at $15,262,000 after acquiring an additional 562,140 shares in the last quarter. 27.46% of the stock is owned by institutional investors.
WM Technology Price Performance
Shares of NASDAQ:MAPS opened at $0.94 on Thursday. WM Technology, Inc. has a one year low of $0.60 and a one year high of $1.88. The company has a 50 day moving average of $1.26 and a 200-day moving average of $1.09. The stock has a market cap of $140.06 million, a price-to-earnings ratio of -0.76 and a beta of 0.92.
Insider Transactions at WM Technology
Wall Street Analysts Forecast Growth
Separately, Westpark Capital upgraded shares of WM Technology from a “hold” rating to a “buy” rating in a research report on Wednesday, August 9th.
WM Technology Company Profile
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.
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