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

Investment analysts at Westpark Capital started coverage on shares of WM Technology (NASDAQ:MAPS – Get Rating) in a note issued to investors on Wednesday, The Fly reports. The firm set 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 for the company in a research note on Tuesday, March 21st. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, WM Technology currently has a consensus rating of “Hold” and a consensus price target of $3.29.

WM Technology Price Performance

NASDAQ:MAPS opened at $0.89 on Wednesday. The stock has a market cap of $131.65 million, a PE ratio of -0.77 and a beta of 1.00. The stock’s 50-day moving average is $0.79 and its two-hundred day moving average is $1.02. WM Technology has a fifty-two week low of $0.60 and a fifty-two week high of $6.33.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Senvest Management LLC lifted its holdings in shares of WM Technology by 27.4% during the third quarter. Senvest Management LLC now owns 7,359,605 shares of the company’s stock worth $11,849,000 after buying an additional 1,581,208 shares during the last quarter. ETF Managers Group LLC raised its stake in shares of WM Technology by 13.7% in the first quarter. ETF Managers Group LLC now owns 5,129,015 shares of the company’s stock valued at $4,356,000 after purchasing an additional 616,351 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of WM Technology by 40.7% in the first quarter. Vanguard Group Inc. now owns 4,687,365 shares of the company’s stock valued at $36,655,000 after purchasing an additional 1,356,144 shares in the last quarter. BlackRock Inc. raised its stake in shares of WM Technology by 0.3% in the third quarter. BlackRock Inc. now owns 4,389,662 shares of the company’s stock valued at $7,068,000 after purchasing an additional 11,876 shares in the last quarter. Finally, Morgan Stanley raised its stake in shares of WM Technology by 70.6% in the fourth quarter. Morgan Stanley now owns 3,850,781 shares of the company’s stock valued at $3,889,000 after purchasing an additional 1,593,491 shares in the last quarter. 31.72% of the stock is currently owned by institutional investors and hedge funds.

About WM Technology

(Get Rating)

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.