FNY Investment Advisers LLC purchased a new stake in shares of BM Technologies, Inc. (NYSE:BMTX - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 125,000 shares of the company's stock, valued at approximately $611,000. FNY Investment Advisers LLC owned approximately 1.03% of BM Technologies as of its most recent SEC filing.
Separately, Renaissance Technologies LLC raised its holdings in shares of BM Technologies by 323.0% during the 2nd quarter. Renaissance Technologies LLC now owns 134,106 shares of the company's stock valued at $302,000 after purchasing an additional 102,406 shares in the last quarter. Institutional investors and hedge funds own 20.15% of the company's stock.
Analyst Upgrades and Downgrades
Several analysts have recently issued reports on the company. Maxim Group reiterated a "hold" rating on shares of BM Technologies in a research note on Monday, October 28th. Northland Capmk downgraded BM Technologies from a "strong-buy" rating to a "hold" rating in a report on Monday, October 28th.
View Our Latest Research Report on BMTX
BM Technologies Price Performance
Shares of NYSE:BMTX remained flat at $4.91 during midday trading on Tuesday. The stock had a trading volume of 221,577 shares, compared to its average volume of 361,360. The stock's fifty day moving average is $4.80 and its 200 day moving average is $3.70. The firm has a market capitalization of $59.41 million, a PE ratio of -4.42 and a beta of 0.17. BM Technologies, Inc. has a 12 month low of $1.45 and a 12 month high of $4.95.
BM Technologies Profile
(
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.
Featured Stories
Before you consider BM Technologies, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and BM Technologies wasn't on the list.
While BM Technologies currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
