BM Technologies’ (BMTX) Buy Rating Reaffirmed at Chardan Capital

Chardan Capital reissued their buy rating on shares of BM Technologies (NYSE:BMTX) in a report issued on Monday morning, Benzinga reports. They currently have a $8.00 price objective on the stock.

BM Technologies Trading Down 5.5 %

Shares of NYSE BMTX opened at $1.46 on Monday. BM Technologies has a twelve month low of $1.41 and a twelve month high of $3.85. The company has a market capitalization of $17.61 million, a price-to-earnings ratio of -0.97 and a beta of -0.01. The business has a 50 day simple moving average of $1.69 and a 200-day simple moving average of $2.17.

BM Technologies (NYSE:BMTX) last issued its quarterly earnings results on Wednesday, April 3rd. The company reported ($0.34) earnings per share for the quarter. BM Technologies had a negative net margin of 30.91% and a negative return on equity of 46.82%. The firm had revenue of $14.86 million during the quarter. As a group, equities analysts predict that BM Technologies will post -0.86 earnings per share for the current year.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in BM Technologies stock. Landscape Capital Management L.L.C. acquired a new stake in shares of BM Technologies, Inc. (NYSE:BMTX) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 13,869 shares of the company’s stock, valued at approximately $28,000. Landscape Capital Management L.L.C. owned 0.12% of BM Technologies at the end of the most recent reporting period. 20.15% of the stock is owned by hedge funds and other institutional investors.

About BM Technologies

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.