Short Interest in WM Technology, Inc. (NASDAQ:MAPS) Grows By 19.6%

WM Technology, Inc. (NASDAQ:MAPS) was the recipient of a large increase in short interest in the month of January. As of January 15th, there was short interest totaling 2,456,120 shares, an increase of 19.6% from the December 31st total of 2,053,082 shares. Approximately 2.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 901,092 shares, the short-interest ratio is currently 2.7 days. Based on an average daily trading volume, of 901,092 shares, the short-interest ratio is currently 2.7 days. Approximately 2.0% of the shares of the stock are short sold.

Analysts Set New Price Targets

Separately, Weiss Ratings cut shares of WM Technology from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, December 29th. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, WM Technology presently has a consensus rating of “Hold” and an average target price of $2.61.

WM Technology Trading Down 3.4%

MAPS stock traded down $0.03 during mid-day trading on Wednesday, hitting $0.72. The stock had a trading volume of 1,231,290 shares, compared to its average volume of 925,328. The stock has a market capitalization of $112.43 million, a price-to-earnings ratio of 10.22 and a beta of 1.23. The company has a fifty day moving average of $0.87 and a 200 day moving average of $1.00. WM Technology has a 1-year low of $0.71 and a 1-year high of $1.48.

WM Technology (NASDAQ:MAPS) last posted its earnings results on Thursday, November 6th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.02). WM Technology had a return on equity of 6.22% and a net margin of 4.40%.The business had revenue of $42.18 million during the quarter, compared to the consensus estimate of $42.00 million.

Insider Activity at WM Technology

In related news, General Counsel Brian Camire sold 90,979 shares of the firm’s stock in a transaction that occurred on Tuesday, November 18th. The shares were sold at an average price of $0.84, for a total transaction of $76,422.36. Following the transaction, the general counsel owned 1,842,862 shares in the company, valued at $1,548,004.08. This trade represents a 4.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Douglas Francis sold 158,733 shares of the business’s stock in a transaction on Tuesday, November 18th. The stock was sold at an average price of $0.83, for a total value of $131,748.39. Following the completion of the sale, the chief executive officer directly owned 8,570,806 shares in the company, valued at $7,113,768.98. This represents a 1.82% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 23.64% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of MAPS. Centiva Capital LP bought a new stake in WM Technology during the 3rd quarter valued at approximately $31,000. Virtu Financial LLC acquired a new position in WM Technology during the 3rd quarter valued at $32,000. Bank of America Corp DE raised its stake in WM Technology by 54.9% during the 3rd quarter. Bank of America Corp DE now owns 36,989 shares of the company’s stock valued at $43,000 after purchasing an additional 13,116 shares during the last quarter. NewEdge Advisors LLC bought a new stake in WM Technology in the 2nd quarter valued at $42,000. Finally, FNY Investment Advisers LLC grew its position in WM Technology by 67.0% in the 2nd quarter. FNY Investment Advisers LLC now owns 75,000 shares of the company’s stock worth $67,000 after purchasing an additional 30,100 shares during the last quarter. Institutional investors own 22.02% of the company’s stock.

About WM Technology

WM Technology, Inc is a software-as-a-service provider that delivers cloud-based solutions to the wealth and asset management industry. The company’s platform is designed to support financial advisors, broker-dealers and registered investment advisors with digital investment advice, portfolio management, performance reporting and compliance monitoring.

WM Technology’s product suite includes tools for streamlined client onboarding, interactive financial planning, automated portfolio rebalancing and tax-aware investment strategies.