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

WM Technology (NASDAQ:MAPS)‘s stock had its “buy” rating reaffirmed by analysts at Westpark Capital in a note issued to investors on Wednesday,Benzinga reports. They currently have a $2.61 target price on the stock. Westpark Capital’s target price would suggest a potential upside of 180.65% from the stock’s current price.

WM Technology Stock Up 29.9 %

Shares of MAPS traded up $0.21 during trading hours on Wednesday, hitting $0.93. 1,809,265 shares of the company were exchanged, compared to its average volume of 590,612. The company has a market cap of $141.76 million, a price-to-earnings ratio of -31.01 and a beta of 0.77. WM Technology has a fifty-two week low of $0.70 and a fifty-two week high of $1.47. The firm’s fifty day moving average is $0.87 and its 200 day moving average is $0.98.

Institutional Trading of WM Technology

Large investors have recently modified their holdings of the stock. SG Americas Securities LLC acquired a new stake in WM Technology in the third quarter valued at about $25,000. Virtu Financial LLC acquired a new stake in WM Technology in the first quarter valued at about $28,000. Quadrature Capital Ltd acquired a new stake in WM Technology in the first quarter valued at about $53,000. Clear Harbor Asset Management LLC bought a new position in WM Technology in the second quarter valued at about $79,000. Finally, Rhumbline Advisers bought a new position in WM Technology in the second quarter valued at about $106,000. 22.02% of the stock is owned by institutional investors and hedge funds.

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.