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

WM Technology (NASDAQ:MAPS)‘s stock had its “buy” rating restated by analysts at Westpark Capital in a research note issued to investors on Tuesday,Benzinga reports. They presently have a $2.61 price target on the stock. Westpark Capital’s price objective points to a potential upside of 105.51% from the stock’s current price.

WM Technology Price Performance

WM Technology stock opened at $1.27 on Tuesday. WM Technology has a fifty-two week low of $0.70 and a fifty-two week high of $1.65. The firm has a fifty day moving average price of $1.36 and a two-hundred day moving average price of $1.16. The firm has a market cap of $194.13 million, a price-to-earnings ratio of -42.32 and a beta of 0.93.

Institutional Investors Weigh In On WM Technology

A number of institutional investors have recently added to or reduced their stakes in MAPS. Barclays PLC lifted its holdings in WM Technology by 37.5% during the 3rd quarter. Barclays PLC now owns 121,510 shares of the company’s stock valued at $106,000 after purchasing an additional 33,153 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of WM Technology by 100.6% in the third quarter. JPMorgan Chase & Co. now owns 169,284 shares of the company’s stock valued at $147,000 after acquiring an additional 84,907 shares during the last quarter. SG Americas Securities LLC boosted its holdings in shares of WM Technology by 40.6% in the 4th quarter. SG Americas Securities LLC now owns 40,305 shares of the company’s stock worth $56,000 after acquiring an additional 11,633 shares in the last quarter. State Street Corp grew its position in WM Technology by 4.6% during the 3rd quarter. State Street Corp now owns 989,704 shares of the company’s stock worth $861,000 after acquiring an additional 43,343 shares during the last quarter. Finally, Tidal Investments LLC grew its position in WM Technology by 31.1% during the 3rd quarter. Tidal Investments LLC now owns 3,516,406 shares of the company’s stock worth $3,059,000 after acquiring an additional 834,551 shares during the last quarter. 22.02% of the stock is 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.