Bank of New York Mellon Corp Buys 66,426 Shares of WM Technology, Inc. (NASDAQ:MAPS)

Bank of New York Mellon Corp raised its stake in WM Technology, Inc. (NASDAQ:MAPS) by 50.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 198,655 shares of the company’s stock after acquiring an additional 66,426 shares during the period. Bank of New York Mellon Corp’s holdings in WM Technology were worth $274,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. SG Americas Securities LLC grew its holdings in WM Technology by 40.6% during the 4th quarter. SG Americas Securities LLC now owns 40,305 shares of the company’s stock valued at $56,000 after buying an additional 11,633 shares in the last quarter. FNY Investment Advisers LLC raised its holdings in shares of WM Technology by 298.0% during the 4th quarter. FNY Investment Advisers LLC now owns 19,900 shares of the company’s stock worth $27,000 after acquiring an additional 14,900 shares in the last quarter. Barclays PLC boosted its position in shares of WM Technology by 37.5% during the 3rd quarter. Barclays PLC now owns 121,510 shares of the company’s stock valued at $106,000 after acquiring an additional 33,153 shares during the last quarter. State Street Corp grew its holdings 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 in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its position in 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 worth $372,000 after purchasing an additional 61,265 shares during the last quarter. 22.02% of the stock is currently owned by institutional investors.

WM Technology Trading Down 2.4 %

MAPS opened at $1.21 on Friday. The stock has a 50-day moving average of $1.33 and a 200 day moving average of $1.18. WM Technology, Inc. has a 12 month low of $0.70 and a 12 month high of $1.65. The firm has a market cap of $186.76 million, a P/E ratio of -40.32 and a beta of 0.93.

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

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 report on Tuesday, March 11th.

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.