Westpark Capital Reaffirms Buy Rating for WM Technology (NASDAQ:MAPS)

WM Technology (NASDAQ:MAPS)‘s stock had its “buy” rating restated by stock analysts at Westpark Capital in a research report issued to clients and investors on Wednesday,Benzinga reports. They presently have a $2.61 price target on the stock. Westpark Capital’s price target suggests a potential upside of 180.65% from the stock’s current price.

WM Technology Stock Performance

WM Technology stock traded up $0.21 during midday trading on Wednesday, hitting $0.93. 1,809,265 shares of the company’s stock were exchanged, compared to its average volume of 590,612. The stock has a 50-day moving average price of $0.87 and a two-hundred day moving average price of $0.98. WM Technology has a 52-week low of $0.70 and a 52-week high of $1.47. The company has a market cap of $141.76 million, a P/E ratio of -31.01 and a beta of 0.77.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. SG Americas Securities LLC bought a new position in WM Technology in the 3rd quarter worth $25,000. Virtu Financial LLC purchased a new position in shares of WM Technology during the first quarter valued at approximately $28,000. Quadrature Capital Ltd bought a new stake in shares of WM Technology during the first quarter valued at approximately $53,000. Clear Harbor Asset Management LLC bought a new position in WM Technology in the second quarter worth approximately $79,000. Finally, Rhumbline Advisers purchased a new stake in shares of WM Technology during the second quarter valued at $106,000. Institutional investors own 22.02% of the company’s stock.

WM Technology Company 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.