BM Technologies’ (BMTX) Buy Rating Reaffirmed at Chardan Capital

Chardan Capital reissued their buy rating on shares of BM Technologies (NYSE:BMTX) in a research report report published on Monday, Benzinga reports. The firm currently has a $8.00 target price on the stock.

BM Technologies Stock Down 5.5 %

Shares of NYSE:BMTX opened at $1.46 on Monday. The business has a 50 day moving average price of $1.69 and a 200 day moving average price of $2.17. BM Technologies has a twelve month low of $1.41 and a twelve month high of $3.85. The company has a market cap of $17.61 million, a price-to-earnings ratio of -0.97 and a beta of -0.01.

BM Technologies (NYSE:BMTX) last announced its earnings results on Wednesday, April 3rd. The company reported ($0.34) earnings per share for the quarter. BM Technologies had a negative net margin of 30.91% and a negative return on equity of 46.82%. The business had revenue of $14.86 million for the quarter. Analysts anticipate that BM Technologies will post -0.86 EPS for the current year.

Institutional Trading of BM Technologies

A hedge fund recently raised its stake in BM Technologies stock. Pacific Ridge Capital Partners LLC raised its position in BM Technologies, Inc. (NYSE:BMTX) by 40.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 645,768 shares of the company’s stock after acquiring an additional 185,626 shares during the period. Pacific Ridge Capital Partners LLC owned about 5.44% of BM Technologies worth $1,324,000 as of its most recent SEC filing. Institutional investors own 20.15% of the company’s stock.

About BM Technologies

BM Technologies, Inc operates as a financial technology (fintech) company in the United States. It facilitates deposits and banking services between a customer and its partner bank, customers bank, which is a related party and is a Federal Deposit Insurance Corporation insured bank. The company, through its fintech banking platform, offers digital banking and disbursement services to consumers and students through digital channels.