BM Technologies, Inc. (NYSE:BMTX - Get Free Report)'s stock price was down 0.6% on Tuesday . The company traded as low as $4.86 and last traded at $4.87. Approximately 768,236 shares traded hands during trading, an increase of 87% from the average daily volume of 410,434 shares. The stock had previously closed at $4.90.
Analyst Ratings Changes
BMTX has been the topic of several analyst reports. Maxim Group reaffirmed a "hold" rating on shares of BM Technologies in a research note on Monday, October 28th. Northland Capmk cut shares of BM Technologies from a "strong-buy" rating to a "hold" rating in a research report on Monday, October 28th.
View Our Latest Analysis on BMTX
BM Technologies Stock Performance
The stock has a market capitalization of $59.04 million, a P/E ratio of -4.40 and a beta of 0.17. The stock has a 50-day moving average price of $4.79 and a two-hundred day moving average price of $3.61.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in BM Technologies stock. Renaissance Technologies LLC increased its position in BM Technologies, Inc. (NYSE:BMTX - Free Report) by 323.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 134,106 shares of the company's stock after purchasing an additional 102,406 shares during the period. Renaissance Technologies LLC owned 1.11% of BM Technologies worth $302,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 20.15% of the company's stock.
BM Technologies Company Profile
(
Get Free Report)
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.
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