Chardan Capital Reaffirms Buy Rating for BM Technologies (NYSE:BMTX)

Chardan Capital reaffirmed their buy rating on shares of BM Technologies (NYSE:BMTX) in a report released on Monday, Benzinga reports. Chardan Capital currently has a $8.00 price target on the stock.

BM Technologies Stock Performance

Shares of BM Technologies stock opened at $3.05 on Monday. BM Technologies has a 1 year low of $1.41 and a 1 year high of $3.85. The company has a market capitalization of $36.78 million and a P/E ratio of -3.02. The company’s fifty day moving average is $1.79 and its two-hundred day moving average is $2.10.

BM Technologies (NYSE:BMTX) last issued its quarterly earnings data on Wednesday, May 15th. The company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.15) by $0.21. BM Technologies had a negative net margin of 19.78% and a negative return on equity of 33.46%. The company had revenue of $16.18 million for the quarter, compared to the consensus estimate of $15.33 million. As a group, equities analysts expect that BM Technologies will post -0.28 earnings per share for the current year.

Institutional Trading of BM Technologies

A hedge fund recently bought a new stake in BM Technologies stock. Landscape Capital Management L.L.C. acquired a new stake in BM Technologies, Inc. (NYSE:BMTX) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm 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 as of its most recent SEC filing. Institutional investors own 20.15% of the company’s stock.

About BM Technologies

BM Technologies, Inc, a financial technology company, facilitates deposits and banking services between a customer and its partner banks in the United States. It offers digital banking and disbursement services to consumers and students through a full service fintech banking platform. The company was formerly known as BankMobile Technologies, Inc and changed its name to BM Technologies, Inc in January 2021.