WM Technology (NASDAQ:MAPS) Earns “Buy” Rating from Westpark Capital

Westpark Capital restated their buy rating on shares of WM Technology (NASDAQ:MAPS) in a report issued on Tuesday morning,Benzinga reports. The firm currently has a $2.61 price objective on the stock.

WM Technology Stock Down 0.8 %

NASDAQ MAPS opened at $1.26 on Tuesday. WM Technology has a 52 week low of $0.70 and a 52 week high of $1.65. The business has a 50 day moving average price of $1.36 and a 200-day moving average price of $1.16. The company has a market cap of $192.61 million, a price-to-earnings ratio of -41.99 and a beta of 0.93.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in MAPS. Mackenzie Financial Corp acquired a new stake in shares of WM Technology in the 4th quarter worth about $84,000. Squarepoint Ops LLC bought a new stake in WM Technology during the 4th quarter worth approximately $93,000. Two Sigma Advisers LP lifted its holdings in shares of WM Technology by 1,678.7% in the fourth quarter. Two Sigma Advisers LP now owns 250,800 shares of the company’s stock valued at $346,000 after purchasing an additional 236,700 shares in the last quarter. Two Sigma Investments LP lifted its stake in WM Technology by 436.1% during the 4th quarter. Two Sigma Investments LP now owns 615,959 shares of the company’s stock valued at $850,000 after acquiring an additional 501,058 shares in the last quarter. Finally, Tidal Investments LLC lifted its position in shares of WM Technology by 4.3% during the fourth quarter. Tidal Investments LLC now owns 3,666,334 shares of the company’s stock valued at $5,060,000 after purchasing an additional 149,928 shares in the last quarter. 22.02% of the stock is owned by institutional investors.

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.