Virtu Financial LLC Buys 61,976 Shares of WM Technology, Inc. (NASDAQ:MAPS)

Virtu Financial LLC lifted its position in WM Technology, Inc. (NASDAQ:MAPS) by 422.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 76,635 shares of the company’s stock after purchasing an additional 61,976 shares during the quarter. Virtu Financial LLC owned about 0.05% of WM Technology worth $67,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. State Street Corp raised its stake in WM Technology by 4.6% during 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. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of WM Technology by 16.7% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 427,819 shares of the company’s stock worth $372,000 after buying an additional 61,265 shares during the last quarter. Luxor Capital Group LP raised its position in shares of WM Technology by 42.5% during the 3rd quarter. Luxor Capital Group LP now owns 305,192 shares of the company’s stock valued at $266,000 after buying an additional 90,950 shares in the last quarter. AdvisorShares Investments LLC bought a new position in shares of WM Technology in the 2nd quarter valued at about $224,000. Finally, Bank of New York Mellon Corp purchased a new position in WM Technology in the second quarter worth about $196,000. 22.02% of the stock is owned by institutional investors.

WM Technology Stock Up 11.6 %

Shares of MAPS opened at $1.63 on Friday. The business has a fifty day moving average of $1.07 and a 200 day moving average of $1.02. The company has a market cap of $249.17 million, a PE ratio of -54.32 and a beta of 0.92. WM Technology, Inc. has a 52-week low of $0.70 and a 52-week high of $1.65.

WM Technology (NASDAQ:MAPS) last released its 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 firm had revenue of $46.55 million during the quarter. WM Technology had a negative net margin of 1.02% and a negative return on equity of 1.68%.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In other WM Technology news, General Counsel Brian Camire sold 27,848 shares of the stock in a transaction on Monday, November 18th. The stock was sold at an average price of $1.02, for a total value of $28,404.96. Following the sale, the general counsel now 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 23.23% of the stock is owned by 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.