WM Technology, Inc. (NASDAQ:MAPS) Short Interest Update

WM Technology, Inc. (NASDAQ:MAPS - Get Free Report) saw a significant decline in short interest in March. As of March 15th, there was short interest totalling 2,390,000 shares, a decline of 18.4% from the February 28th total of 2,930,000 shares. Based on an average daily trading volume, of 1,270,000 shares, the short-interest ratio is currently 1.9 days. Currently, 3.1% of the shares of the stock are short sold.

Analyst Ratings Changes

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

WM Technology Stock Performance

Shares of NASDAQ MAPS traded down $0.03 during mid-day trading on Friday, reaching $1.06. The company had a trading volume of 1,380,922 shares, compared to its average volume of 850,991. The firm has a market cap of $163.61 million, a price-to-earnings ratio of -35.32 and a beta of 1.08. The business's 50-day simple moving average is $1.30 and its 200 day simple moving average is $1.19. WM Technology has a one year low of $0.70 and a one year high of $1.65.

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

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Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Jacobs Levy Equity Management Inc. bought a new position in shares of WM Technology in the 3rd quarter valued at $75,000. State Street Corp boosted its stake in WM Technology by 4.6% in the third quarter. State Street Corp now owns 989,704 shares of the company's stock valued at $861,000 after buying an additional 43,343 shares in the last quarter. Luxor Capital Group LP grew its position in WM Technology by 42.5% in the third quarter. Luxor Capital Group LP now owns 305,192 shares of the company's stock valued at $266,000 after acquiring an additional 90,950 shares during the last quarter. Barclays PLC raised its stake in WM Technology by 37.5% during the third quarter. Barclays PLC now owns 121,510 shares of the company's stock worth $106,000 after acquiring an additional 33,153 shares in the last quarter. Finally, Virtu Financial LLC lifted its holdings in shares of WM Technology by 422.8% in the third 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. 22.02% of the stock is currently owned by institutional investors and hedge funds.

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.