BM Technologies (NYSE:BMTX – Get Free Report) posted its earnings results on Monday. The company reported ($0.34) EPS for the quarter, missing analysts’ consensus estimates of ($0.26) by ($0.08), MarketWatch Earnings reports. BM Technologies had a negative net margin of 29.87% and a negative return on equity of 28.05%.
BM Technologies Stock Up 37.7 %
BM Technologies stock opened at $3.25 on Tuesday. The company has a fifty day simple moving average of $2.30 and a 200-day simple moving average of $2.60. The firm has a market capitalization of $38.58 million, a price-to-earnings ratio of -2.06 and a beta of -0.04. BM Technologies has a 52-week low of $1.41 and a 52-week high of $6.13.
Hedge Funds Weigh In On BM Technologies
Several hedge funds and other institutional investors have recently modified their holdings of the business. Stifel Financial Corp purchased a new stake in BM Technologies during the 2nd quarter valued at about $45,000. Kennedy Capital Management LLC purchased a new stake in shares of BM Technologies in the second quarter valued at approximately $181,000. Renaissance Technologies LLC purchased a new stake in shares of BM Technologies in the second quarter valued at approximately $55,000. Tejara Capital Ltd acquired a new stake in shares of BM Technologies in the fourth quarter valued at approximately $131,000. Finally, Price T Rowe Associates Inc. MD lifted its position in BM Technologies by 86.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 19,800 shares of the company’s stock worth $103,000 after buying an additional 9,200 shares in the last quarter. 25.73% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
BM Technologies Company Profile
BM Technologies, Inc operates as a financial technology (fintech) company in the United States. It facilitates deposits and banking services between a customer and its partner bank, customers bank, which is a related party and is a Federal Deposit Insurance Corporation insured bank. The company, through its fintech banking platform, offers digital banking and disbursement services to consumers and students through digital channels.
- Five stocks we like better than BM Technologies
- The 3 Best Retail Stocks to Shop for in August
- The only two airline stocks worth buying: One is a Goldman pick
- Insider Trading – What You Need to Know
- Ride the momentum: Apparel stocks soaring at 52-week highs
- Are These Liquid Natural Gas Stocks Ready For An Upside Bounce?
- Safeguard your portfolio with these three bargain stocks
Receive News & Ratings for BM Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BM Technologies and related companies with MarketBeat.com's FREE daily email newsletter.