Westpark Capital Reiterates Buy Rating for WM Technology (NASDAQ:MAPS)

WM Technology (NASDAQ:MAPS)‘s stock had its “buy” rating reissued by equities researchers at Westpark Capital in a report released on Tuesday,Benzinga reports. They presently have a $2.61 price objective on the stock. Westpark Capital’s price target would suggest a potential upside of 121.19% from the stock’s current price.

WM Technology Price Performance

Shares of MAPS stock opened at $1.18 on Tuesday. WM Technology has a 12 month low of $0.70 and a 12 month high of $1.65. The firm has a market capitalization of $180.38 million, a P/E ratio of -39.32 and a beta of 0.93. The company’s fifty day moving average price is $1.35 and its two-hundred day moving average price is $1.16.

Institutional Investors Weigh In On WM Technology

A number of institutional investors have recently modified their holdings of the stock. Price T Rowe Associates Inc. MD raised its stake in shares of WM Technology by 42.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 38,765 shares of the company’s stock valued at $54,000 after purchasing an additional 11,573 shares in the last quarter. SG Americas Securities LLC raised its stake 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 valued at $56,000 after purchasing an additional 11,633 shares in the last quarter. Wells Fargo & Company MN raised its stake in shares of WM Technology by 52.0% in the 4th quarter. Wells Fargo & Company MN now owns 41,053 shares of the company’s stock valued at $57,000 after purchasing an additional 14,043 shares in the last quarter. FNY Investment Advisers LLC raised its stake in shares of WM Technology by 298.0% in the 4th quarter. FNY Investment Advisers LLC now owns 19,900 shares of the company’s stock valued at $27,000 after purchasing an additional 14,900 shares in the last quarter. Finally, Barclays PLC raised its stake in shares of WM Technology by 12.4% in the 4th quarter. Barclays PLC now owns 136,584 shares of the company’s stock valued at $188,000 after purchasing an additional 15,074 shares in the last quarter. Institutional investors and hedge funds own 22.02% 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.