WM Technology, Inc. (NASDAQ:MAPS) Shares Acquired by Barclays PLC

Barclays PLC grew its stake in WM Technology, Inc. (NASDAQ:MAPS) by 37.5% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 121,510 shares of the company’s stock after purchasing an additional 33,153 shares during the period. Barclays PLC’s holdings in WM Technology were worth $106,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of MAPS. AdvisorShares Investments LLC acquired a new position in shares of WM Technology in the 2nd quarter valued at $224,000. Luxor Capital Group LP boosted its stake in WM Technology by 754.6% during the 2nd quarter. Luxor Capital Group LP now owns 214,242 shares of the company’s stock worth $223,000 after purchasing an additional 189,174 shares during the period. Bank of New York Mellon Corp acquired a new stake in WM Technology during the 2nd quarter worth $196,000. Rhumbline Advisers acquired a new stake in WM Technology during the 2nd quarter worth $106,000. Finally, Jacobs Levy Equity Management Inc. acquired a new stake in WM Technology during the 3rd quarter worth $75,000. Institutional investors and hedge funds own 22.02% of the company’s stock.

WM Technology Price Performance

Shares of NASDAQ:MAPS opened at $1.36 on Thursday. The stock has a market cap of $207.89 million, a P/E ratio of -45.32 and a beta of 0.87. The firm has a fifty day moving average price of $1.22 and a 200 day moving average price of $1.06. WM Technology, Inc. has a 1-year low of $0.70 and a 1-year high of $1.65.

WM Technology (NASDAQ:MAPS) last released its earnings results on Tuesday, November 12th. The company reported $0.03 EPS for the quarter, hitting the consensus estimate of $0.03. WM Technology had a negative net margin of 1.02% and a negative return on equity of 1.68%. The company had revenue of $46.55 million during the quarter.

Analyst Upgrades and Downgrades

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

Insider Transactions at WM Technology

In other news, General Counsel Brian Camire sold 27,848 shares of the firm’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $1.02, for a total value of $28,404.96. Following the completion of the sale, the general counsel now owns 629,158 shares in the company, valued at approximately $641,741.16. This trade represents a 4.24 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 23.23% of the company’s stock.

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.