Arrowstreet Capital Limited Partnership Buys New Position in WM Technology, Inc. (NASDAQ:MAPS)

Arrowstreet Capital Limited Partnership bought a new position in WM Technology, Inc. (NASDAQ:MAPS - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 1,280,575 shares of the company's stock, valued at approximately $1,767,000. Arrowstreet Capital Limited Partnership owned approximately 0.84% of WM Technology as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of MAPS. Tidal Investments LLC grew its holdings in shares of WM Technology by 31.1% during the third quarter. Tidal Investments LLC now owns 3,516,406 shares of the company's stock worth $3,059,000 after purchasing an additional 834,551 shares during the last quarter. Los Angeles Capital Management LLC bought a new stake in WM Technology during the 4th quarter worth approximately $438,000. Connor Clark & Lunn Investment Management Ltd. increased its position in WM Technology by 53.7% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 657,768 shares of the company's stock valued at $908,000 after acquiring an additional 229,949 shares during the period. JPMorgan Chase & Co. raised its stake in shares of WM Technology by 103.8% during the fourth quarter. JPMorgan Chase & Co. now owns 345,032 shares of the company's stock valued at $476,000 after acquiring an additional 175,748 shares during the last quarter. Finally, Heron Bay Capital Management acquired a new position in shares of WM Technology during the fourth quarter worth $241,000. 22.02% of the stock is currently owned by institutional investors.

WM Technology Stock Performance

Shares of MAPS stock traded down $0.03 on Wednesday, hitting $1.01. The company had a trading volume of 296,133 shares, compared to its average volume of 859,218. WM Technology, Inc. has a twelve month low of $0.70 and a twelve month high of $1.65. The firm has a market cap of $155.12 million, a P/E ratio of -33.49 and a beta of 1.08. The stock's 50-day moving average is $1.24 and its two-hundred day moving average is $1.19.

Remove Ads

WM Technology (NASDAQ:MAPS - Get Free Report) last released its earnings results on Thursday, March 13th. The company reported $0.02 earnings per share for the quarter, missing analysts' consensus estimates of $0.04 by ($0.02). The firm had revenue of $47.67 million for the quarter, compared to analyst estimates of $46.00 million. WM Technology had a negative net margin of 1.02% and a negative return on equity of 1.68%.

Wall Street Analyst Weigh In

Separately, Westpark Capital restated a "buy" rating and issued a $2.61 price objective on shares of WM Technology in a report on Tuesday, March 11th.

WM Technology Profile

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.