Connor Clark & Lunn Investment Management Ltd. Raises Stock Position in WM Technology, Inc. (NASDAQ:MAPS)

Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of WM Technology, Inc. (NASDAQ:MAPS - Free Report) by 53.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 657,768 shares of the company's stock after buying an additional 229,949 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned 0.43% of WM Technology worth $908,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. FNY Investment Advisers LLC lifted its position in WM Technology by 298.0% during the 4th quarter. FNY Investment Advisers LLC now owns 19,900 shares of the company's stock valued at $27,000 after acquiring an additional 14,900 shares during the period. Raymond James Financial Inc. purchased a new position in shares of WM Technology during the fourth quarter valued at approximately $52,000. SG Americas Securities LLC boosted its position 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 worth $56,000 after purchasing an additional 11,633 shares in the last quarter. Virtu Financial LLC grew its stake 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 buying an additional 61,976 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. purchased a new stake in shares of WM Technology in the 3rd quarter worth approximately $75,000. 22.02% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analyst Weigh In

Separately, Westpark Capital reiterated a "buy" rating and set a $2.61 price objective on shares of WM Technology in a research note on Tuesday, March 11th.

WM Technology Price Performance

WM Technology stock remained flat at $1.34 during mid-day trading on Monday. 365,413 shares of the company were exchanged, compared to its average volume of 852,388. WM Technology, Inc. has a 52 week low of $0.70 and a 52 week high of $1.65. The company's 50 day moving average price is $1.33 and its 200-day moving average price is $1.17. The firm has a market cap of $204.84 million, a P/E ratio of -44.65 and a beta of 0.93.

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

About WM Technology

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.