FNY Investment Advisers LLC Purchases New Shares in BM Technologies, Inc. (NYSE:BMTX)

FNY Investment Advisers LLC bought a new position in shares of BM Technologies, Inc. (NYSE:BMTX) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 125,000 shares of the company’s stock, valued at approximately $611,000. FNY Investment Advisers LLC owned approximately 1.03% of BM Technologies at the end of the most recent quarter.

Separately, Geode Capital Management LLC grew its stake in BM Technologies by 4.4% in the third quarter. Geode Capital Management LLC now owns 96,667 shares of the company’s stock valued at $329,000 after acquiring an additional 4,031 shares during the period. Institutional investors and hedge funds own 20.15% of the company’s stock.

BM Technologies Stock Performance

BMTX stock opened at $4.91 on Tuesday. BM Technologies, Inc. has a fifty-two week low of $1.45 and a fifty-two week high of $4.95. The company has a market cap of $59.41 million, a P/E ratio of -4.42 and a beta of 0.17. The stock’s 50 day simple moving average is $4.80 and its 200 day simple moving average is $3.68.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Northland Capmk cut shares of BM Technologies from a “strong-buy” rating to a “hold” rating in a report on Monday, October 28th. Maxim Group reissued a “hold” rating on shares of BM Technologies in a research report on Monday, October 28th.

BM Technologies Profile

BM Technologies, Inc, a financial technology company, facilitates deposits and banking services between a customer and its partner banks in the United States. It offers digital banking and disbursement services to consumers and students through a full service fintech banking platform. The company was formerly known as BankMobile Technologies, Inc and changed its name to BM Technologies, Inc in January 2021.