WM Technology (NASDAQ:MAPS) Stock Price Down 3.4% – Should You Sell?

WM Technology, Inc. (NASDAQ:MAPS)’s stock price was down 3.4% during mid-day trading on Tuesday . The company traded as low as $0.3803 and last traded at $0.40. Approximately 187,440 shares were traded during mid-day trading, a decline of 90% from the average daily volume of 1,914,001 shares. The stock had previously closed at $0.4142.

WM Technology Stock Performance

The stock has a 50-day moving average of $0.44 and a 200 day moving average of $0.67. The firm has a market capitalization of $63.62 million, a P/E ratio of 20.01 and a beta of 0.86.

WM Technology (NASDAQ:MAPS) last posted its quarterly earnings data on Thursday, March 12th. The company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.06). The business had revenue of $43.07 million during the quarter, compared to analyst estimates of $42.00 million. WM Technology had a return on equity of 1.51% and a net margin of 1.12%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. JPMorgan Chase & Co. raised its position in shares of WM Technology by 1,399.9% during the third quarter. JPMorgan Chase & Co. now owns 1,512,281 shares of the company’s stock worth $1,754,000 after acquiring an additional 1,411,456 shares during the last quarter. Beartown Capital Management LLC acquired a new position in WM Technology in the fourth quarter valued at approximately $469,000. Ameriprise Financial Inc. acquired a new position in WM Technology in the third quarter valued at approximately $486,000. Verdad Advisers LP bought a new position in WM Technology in the fourth quarter valued at approximately $338,000. Finally, Two Sigma Investments LP grew its holdings in WM Technology by 60.0% during the 3rd quarter. Two Sigma Investments LP now owns 787,714 shares of the company’s stock worth $914,000 after acquiring an additional 295,252 shares during the period. Institutional investors and hedge funds own 22.02% of the company’s stock.

WM Technology Company Profile

WM Technology, Inc is a software-as-a-service provider that delivers cloud-based solutions to the wealth and asset management industry. The company’s platform is designed to support financial advisors, broker-dealers and registered investment advisors with digital investment advice, portfolio management, performance reporting and compliance monitoring.

WM Technology’s product suite includes tools for streamlined client onboarding, interactive financial planning, automated portfolio rebalancing and tax-aware investment strategies.