Tidal Investments LLC Purchases 834,551 Shares of WM Technology, Inc. (NASDAQ:MAPS)

Tidal Investments LLC grew its holdings in WM Technology, Inc. (NASDAQ:MAPS) by 31.1% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,516,406 shares of the company’s stock after acquiring an additional 834,551 shares during the quarter. Tidal Investments LLC owned 2.30% of WM Technology worth $3,059,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. raised its stake in WM Technology by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 4,452,355 shares of the company’s stock worth $5,922,000 after purchasing an additional 24,588 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of WM Technology in the third quarter valued at approximately $25,000. Barclays PLC boosted its stake in shares of WM Technology by 37.5% in the third quarter. Barclays PLC now owns 121,510 shares of the company’s stock valued at $106,000 after buying an additional 33,153 shares during the period. State Street Corp grew its position in WM Technology by 4.6% during the third quarter. State Street Corp now owns 989,704 shares of the company’s stock worth $861,000 after buying an additional 43,343 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its stake in WM Technology by 16.7% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 427,819 shares of the company’s stock worth $372,000 after acquiring an additional 61,265 shares during the period. 22.02% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

WM Technology Stock Down 8.1 %

Shares of WM Technology stock opened at $1.24 on Friday. The firm’s 50-day moving average price is $1.02 and its two-hundred day moving average price is $1.00. The company has a market capitalization of $189.55 million, a price-to-earnings ratio of -41.33 and a beta of 0.92. WM Technology, Inc. has a 12-month low of $0.70 and a 12-month high of $1.49.

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

Insider Activity at WM Technology

In other news, General Counsel Brian Camire sold 27,848 shares of the firm’s stock in a transaction dated Monday, November 18th. The stock was 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 directly 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. 23.23% of the stock is owned by company insiders.

WM Technology 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.