Barclays PLC Has $106,000 Position in WM Technology, Inc. (NASDAQ:MAPS)

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

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. State Street Corp grew its position in shares of 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 purchasing an additional 43,343 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of WM Technology by 16.7% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 427,819 shares of the company’s stock valued at $372,000 after purchasing an additional 61,265 shares during the last quarter. Luxor Capital Group LP grew its position in shares of 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 purchasing an additional 90,950 shares during the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of WM Technology in the second quarter valued at about $196,000. Finally, Rhumbline Advisers acquired a new stake in shares of WM Technology in the second quarter valued at about $106,000. 22.02% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

WM Technology Stock Performance

NASDAQ MAPS opened at $1.36 on Friday. The firm has a 50-day simple moving average of $1.34 and a 200 day simple moving average of $1.08. WM Technology, Inc. has a twelve month low of $0.70 and a twelve month high of $1.65. The stock has a market cap of $207.89 million, a PE ratio of -45.32 and a beta of 0.87.

WM Technology (NASDAQ:MAPS) last released its earnings results on Tuesday, November 12th. The company reported $0.03 earnings per share for the quarter, meeting 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 business had revenue of $46.55 million during the quarter.

Insider Activity at WM Technology

In other WM Technology news, General Counsel Brian Camire sold 27,848 shares of the firm’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $1.02, for a total transaction of $28,404.96. Following the completion of the transaction, the general counsel now owns 629,158 shares in the company, valued at $641,741.16. This trade represents a 4.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 23.23% of the stock is owned by corporate insiders.

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.