Dimensional Fund Advisors LP Has $52,000 Position in BM Technologies, Inc. (NYSE:BMTX)

Dimensional Fund Advisors LP reduced its position in shares of BM Technologies, Inc. (NYSE:BMTX) by 37.8% during the 2nd quarter, Holdings Channel.com reports. The firm owned 23,106 shares of the company’s stock after selling 14,016 shares during the period. Dimensional Fund Advisors LP’s holdings in BM Technologies were worth $52,000 as of its most recent SEC filing.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on BMTX shares. Northland Securities raised shares of BM Technologies from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $3.50 to $5.40 in a report on Thursday, August 22nd. Northland Capmk raised shares of BM Technologies from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 22nd.

BM Technologies Trading Up 3.7 %

Shares of BMTX stock opened at $3.34 on Wednesday. BM Technologies, Inc. has a 1 year low of $1.45 and a 1 year high of $3.91. The firm’s fifty day moving average price is $3.06 and its two-hundred day moving average price is $2.62. The firm has a market capitalization of $40.29 million, a P/E ratio of -3.31 and a beta of 0.24.

BM Technologies (NYSE:BMTX) last announced its earnings results on Wednesday, August 14th. The company reported ($0.41) EPS for the quarter, missing the consensus estimate of ($0.18) by ($0.23). The company had revenue of $12.54 million for the quarter, compared to the consensus estimate of $13.73 million. BM Technologies had a negative return on equity of 39.27% and a negative net margin of 20.57%. As a group, equities research analysts forecast that BM Technologies, Inc. will post -0.65 EPS for the current fiscal year.

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.