WM Technology’s (MAPS) “Buy” Rating Reiterated at Westpark Capital

Westpark Capital reaffirmed their buy rating on shares of WM Technology (NASDAQ:MAPS) in a report released on Wednesday morning,Benzinga reports. They currently have a $2.61 target price on the stock.

WM Technology Stock Performance

Shares of MAPS opened at $0.99 on Wednesday. The company has a 50 day moving average of $0.88 and a two-hundred day moving average of $0.98. WM Technology has a twelve month low of $0.70 and a twelve month high of $1.47.

WM Technology (NASDAQ:MAPS) last released its quarterly earnings results on Tuesday, November 12th. The company reported $0.03 EPS for the quarter, meeting analysts’ consensus estimates of $0.03. WM Technology had a negative return on equity of 1.68% and a negative net margin of 1.02%. The company had revenue of $46.55 million during the quarter.

Institutional Investors Weigh In On WM Technology

Several institutional investors and hedge funds have recently made changes to their positions in the stock. SG Americas Securities LLC purchased a new position in WM Technology in the 3rd quarter worth $25,000. Virtu Financial LLC acquired a new stake in shares of WM Technology during the first quarter worth about $28,000. Quadrature Capital Ltd purchased a new stake in WM Technology in the first quarter valued at approximately $53,000. Jacobs Levy Equity Management Inc. acquired a new position in WM Technology in the 3rd quarter worth approximately $75,000. Finally, Clear Harbor Asset Management LLC purchased a new position in WM Technology during the 2nd quarter worth approximately $79,000. 22.02% of the stock is currently owned by institutional investors and hedge funds.

About WM Technology

WM Technology, Inc provides ecommerce and compliance software solutions to retailers and brands in cannabis market in the United States 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 education and learning information to help newer consumers learn about the types of products to purchase.