BM Technologies (NYSE:BMTX) Earns "Hold" Rating from Maxim Group

BM Technologies (NYSE:BMTX - Get Free Report)'s stock had its "hold" rating reaffirmed by equities research analysts at Maxim Group in a report issued on Monday, Benzinga reports.

Other equities analysts also recently issued research reports about the company. Northland Securities upgraded BM Technologies from a "market perform" rating to an "outperform" rating and increased their price target for the stock from $3.50 to $5.40 in a research report on Thursday, August 22nd. Northland Capmk raised BM Technologies from a "hold" rating to a "strong-buy" rating in a research note on Thursday, August 22nd.

BM Technologies Trading Down 0.2 %

Shares of NYSE:BMTX traded down $0.01 on Monday, hitting $4.73. 919,934 shares of the company were exchanged, compared to its average volume of 122,281. The firm has a market capitalization of $57.06 million, a P/E ratio of -4.67 and a beta of 0.24. BM Technologies has a 1-year low of $1.45 and a 1-year high of $4.86. The stock's 50 day moving average price is $3.20 and its 200 day moving average price is $2.73.

BM Technologies (NYSE:BMTX - Get Free Report) last posted its quarterly earnings results on Wednesday, August 14th. The company reported ($0.41) earnings per share for the quarter, missing the consensus estimate of ($0.18) by ($0.23). The firm had revenue of $12.54 million for the quarter, compared to analysts' expectations of $13.73 million. BM Technologies had a negative net margin of 20.57% and a negative return on equity of 39.27%. On average, equities analysts predict that BM Technologies will post -0.65 EPS for the current fiscal year.

Institutional Investors Weigh In On BM Technologies

An institutional investor recently raised its position in BM Technologies stock. Renaissance Technologies LLC boosted its holdings in BM Technologies, Inc. (NYSE:BMTX - Free Report) by 323.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 134,106 shares of the company's stock after buying an additional 102,406 shares during the quarter. Renaissance Technologies LLC owned approximately 1.11% of BM Technologies worth $302,000 at the end of the most recent quarter. 20.15% of the stock is currently owned by institutional investors and hedge funds.

About BM Technologies

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.