Westpark Capital reaffirmed their buy rating on shares of WM Technology (NASDAQ:MAPS – Free Report) in a research note released on Wednesday morning,Benzinga reports. Westpark Capital currently has a $2.61 price objective on the stock.
WM Technology Price Performance
NASDAQ:MAPS opened at $0.86 on Wednesday. WM Technology has a one year low of $0.70 and a one year high of $1.47. The business has a fifty day moving average price of $0.87 and a 200-day moving average price of $0.98. The firm has a market capitalization of $130.45 million, a price-to-earnings ratio of -28.52 and a beta of 0.77.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in MAPS. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in WM Technology by 16.7% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 427,819 shares of the company’s stock valued at $372,000 after purchasing an additional 61,265 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of WM Technology during the 3rd quarter valued at $25,000. Luxor Capital Group LP lifted its stake in shares of WM Technology by 754.6% during the 2nd quarter. Luxor Capital Group LP now owns 214,242 shares of the company’s stock valued at $223,000 after buying an additional 189,174 shares in the last quarter. AdvisorShares Investments LLC bought a new position in WM Technology in the 2nd quarter worth $224,000. Finally, Rhumbline Advisers bought a new position in WM Technology in the 2nd quarter worth $106,000. 22.02% of the stock is currently 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.
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