Los Angeles Capital Management LLC Makes New Investment in WM Technology, Inc. (NASDAQ:MAPS)

Los Angeles Capital Management LLC purchased a new position in shares of WM Technology, Inc. (NASDAQ:MAPS - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 317,595 shares of the company's stock, valued at approximately $438,000. Los Angeles Capital Management LLC owned 0.21% of WM Technology as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. FNY Investment Advisers LLC raised its holdings in WM Technology by 298.0% in the 4th quarter. FNY Investment Advisers LLC now owns 19,900 shares of the company's stock valued at $27,000 after buying an additional 14,900 shares during the period. SG Americas Securities LLC raised its stake 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 valued at $56,000 after acquiring an additional 11,633 shares during the period. Virtu Financial LLC lifted its holdings in shares of WM Technology by 422.8% in the 3rd quarter. Virtu Financial LLC now owns 76,635 shares of the company's stock worth $67,000 after acquiring an additional 61,976 shares during the last quarter. Jacobs Levy Equity Management Inc. purchased a new position in shares of WM Technology during the 3rd quarter worth approximately $75,000. Finally, Barclays PLC increased its holdings in WM Technology by 37.5% in 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. Institutional investors and hedge funds own 22.02% of the company's stock.

Remove Ads

Analyst Upgrades and Downgrades

Separately, Westpark Capital restated a "buy" rating and set a $2.61 price target on shares of WM Technology in a research note on Wednesday, November 13th.

WM Technology Price Performance

Shares of NASDAQ:MAPS traded down $0.02 on Friday, reaching $1.35. The company's stock had a trading volume of 375,173 shares, compared to its average volume of 1,151,746. The stock's 50-day moving average is $1.36 and its two-hundred day moving average is $1.15. WM Technology, Inc. has a 52-week low of $0.70 and a 52-week high of $1.65. The stock has a market capitalization of $205.60 million, a P/E ratio of -44.82 and a beta of 0.93.

WM Technology Company 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.