174,737 Shares in WM Technology, Inc. (NASDAQ:MAPS) Acquired by Heron Bay Capital Management

Heron Bay Capital Management acquired a new position in WM Technology, Inc. (NASDAQ:MAPS) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 174,737 shares of the company’s stock, valued at approximately $241,000. Heron Bay Capital Management owned 0.11% of WM Technology at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Globeflex Capital L P acquired a new position in shares of WM Technology in the fourth quarter worth approximately $183,000. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of WM Technology by 53.7% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 657,768 shares of the company’s stock worth $908,000 after acquiring an additional 229,949 shares during the period. Raymond James Financial Inc. acquired a new position in shares of WM Technology in the fourth quarter worth approximately $52,000. Los Angeles Capital Management LLC acquired a new position in shares of WM Technology in the fourth quarter worth approximately $438,000. Finally, Bank of New York Mellon Corp lifted its stake in shares of WM Technology by 50.2% in the fourth quarter. Bank of New York Mellon Corp now owns 198,655 shares of the company’s stock worth $274,000 after acquiring an additional 66,426 shares during the period. 22.02% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Westpark Capital reiterated a “buy” rating and issued a $2.61 target price on shares of WM Technology in a report on Tuesday, March 11th.

WM Technology Stock Performance

Shares of MAPS stock opened at $1.34 on Friday. The company has a market cap of $204.84 million, a P/E ratio of -44.65 and a beta of 0.93. The stock has a 50 day simple moving average of $1.33 and a two-hundred day simple moving average of $1.17. WM Technology, Inc. has a fifty-two week low of $0.70 and a fifty-two week high of $1.65.

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

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.